We cannot be proud of our hub status if the wealth gap is so huge
Singapore was ranked the 3rd most expensive city in the World to live in 2016. This is something that we don't need to have right now - another high-ranking tag for all the wrong reasons. Its the third year running that we have beaten top-notched countries like Zurich, Tokyo and Hong Kong to earn that unenviable accolade. Such...
3 big banks, DBS, UBS and Stanchart, serious lapses in AML
I can expect the foreign banks to be involved in money laundering activities as many have been charged in the US and fined by the billions. It is looking like the main business of many big banks, to make big money to be paid big bucks. Were UBS and Stanchart also fined in the US for such ‘lapses’, not intentional money laundering?...
Is Singapore playing Santa Claus again?
Temasek was reported to have set up panel of advisers for the Americas and Europe with the biggest names that money can buy. In the ST on 17 June, it reported, ‘The Temasek Americas Advisory Panel(TAAP), …has seven members, including PepsiCo chairman and chief executive Indra Nooyi, Honeywell Internation chairman and CEO...
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