Temasek hurt by China shadow banking woes
(8 Jul) Temasek, Singapore’s state investment company, said the outlook for Europe’s economies was “mixed, with uneven structural reforms” as it reported slower growth in the value of its portfolio after taking a hit on investments in Chinese banks and Standard Chartered. The news came as Temasek, marking 40 years since...
Shanmugam: We’ll send all feedback to relevant agencies
We had put up an Expression Wall early this year, at the Amphitheatre in Chong Pang City. It was hugely successful, with many people expressing their views. We put up another wall last week. This time we were hoping to hear ideas, views, thoughts on how we can develop quality wellness and care centres for our elderly. The response...
Singapore sees record rise in white collar crime
(2 Jul) - Singapore reported a record number of money laundering cases last year and seized more than $92 million in suspected criminal proceeds as an increasing number of foreign criminals sought bank accounts there, according to an annual report from the city-state’s Commerce Affairs Department (CAD). “Singapore’s openness...
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