Indian police may go to SG to trace SG PR
(14 Sep) - An ongoing investigation into the alleged misappropriation of several crore rupees of the urban development authorities at Mandya and Ramanagaram-Channapatna has revealed that a Singapore-based stockbroker had received around Rs. 8 crore from the accused. The accused persons allegedly siphoned off Rs. 5 crore from...
Burma govt denies holding $11B in S’pore banks
Singapore city as seen from the harbor. (Photo: Reuters) (13 Sep) - Burma’s government on Thursday denied reports that it holds up to US$11 billion worth of foreign reserves in several bank accounts in Singapore. The figure was first mentioned by an independent financial researcher, who said that World Bank and Asian Development...
Household debt: Singapore’s ‘Achilles heel’?
Is household debt Singapore's 'Achilles Heel'? (13 Sep) - Singapore stepped up efforts to contain a rapid increase in household debt by tightening rules around unsecured credit late Wednesday – a move viewed by economists as a preemptive strike ahead of a rise in borrowing costs in the country. "The central...
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