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TR EMERITUS

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Archive for the ‘Business’ Category

Singapore fights image as Swiss banker of Asia

Singapore's financial district (25 Dec) - In a place that restricts everything from chewing gum to pungent durian fruit. Singaporean authorities pride themselves in having a high bar for strict laws and a low crime rate to match. So they’ve been none too pleased by reports that tax dodgers, corrupt officials, and money...

MAS may have nudged India’s FTIL to exit SMX

Jignesh Shah's FTIL is the parent entity of NSEL, which is struggling to meet its settlement obligations amounting to Rs5,600 crore. (20 Nov) - Jignesh Shah-owned Financial Technologies-India (FTIL) on Tuesday announced that it has sold its 100% stake in Singapore Mercantile Exchange (SMX) for $150 million to Intercontinental...

Apple Singapore books US$14.9 billion in revenue??

People line up during the launch of Apple's iPad in Singapore on July 23, 2010. REUTERS/Vivek Prakash/Files (24 Nov) - Tiny Singapore does not look at first sight like one of Apple Inc's priority markets: it has no official Apple Store and doesn't even rate a mention in the company's latest annual report. Apple South Asia Pte...

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