The Real Masters of the Universe
Money talks, BS walks: where the real money is made in banking. In 2016, banks made $209bn from transaction banking, compared with the $172bn made by their trading arms, according to the data, which cover global, regional and local banks. This is almost three times the $77bn that banks made from advising clients on M&A and...
The True Benefits of Singapore and Philippines Economic and Business Cooperation
Through its trade promotion agency, International Enterprise Singapore, and with the support of both Singapore and the Philippines governments, Singaporean companies are being encouraged to expand their trade across the Philippines, beyond the boundaries of Manila. The cooperation is set to allow Singaporean companies access...
PAP really doesn’t know the returns made from CPF or just refuse to disclose material information?
CPF members are given the impression that because our reserves are commingled, PAP doesn’t know the returns made from investing CPF monies. According to MOF (Q29)**: – “..even after deducting all the Government’s liabilities (including CPF monies)” – “ the remaining assets produce significant returns” Since...
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