Singapore Informer

Foreign wealth widens inequality in Singapore – Asia-Pacific – Al Jazeera English “The influx of money is making Singapore one of the richest cities in the world. But the low tax rate also means no social security net, given the plummeting wages among the poor as foreigners take up blue-collar jobs” – [Link] Some time [...]

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May 06, 2013 1:54 AM FOR Switer Engineering (FE) Pte Ltd’s managing director Steven Tan, the fear of “detecting something” had deterred him from undergoing a colonoscopy for some years.      Full News here – RSS Print – Singapore

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Youtube, 2 May 2013 Singapore’s lower-class citizens are losing out to foreign workers as the affluent move in. Many wealthy individuals come to invest in property and park their assets, attracted by Singapore’s low taxation rate of 20 percent. The influx of money is making Singapore one of the richest cities in the world. But [...]

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April 25, 2013 12:57 AM CITI’s high-net-worth clients here who are business owners or who hold positions such as chief executive officer, chief financial officer or chief operating officer will now have access to a wealth advisory service that provides a “holistic” approach to managing their wealth.      Full News here – RSS Print – [...]

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“….Singapore has some of the lowest taxes in the world, including none on capital gains and most foreign dividends. But it also has relatively secretive private banking laws and zero harassment from paparazzi or protesters, whose activities are narrowly proscribed by Singaporean authorities, further creating an aura of order and stability.”- WSJ [Link] If you’re unable to play the [...]

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February 08, 2013 6:38 AM SHANGHAI/BEIJING – China’s broad plan to address income inequality promises to extract higher dividends from profitable state-owned enterprises (SOEs) to finance a more generous social safety net. Full News here – RSS Breaking News – Singapore

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STOMPer Money Face received an angpao containing cash vouchers of $ 16 from this man dressed as the ‘God of Wealth’ at Clementi Mall, and feels it’s a good promotional tactic with the upcoming Chinese New Year festivities. Full News here – Stomp – Singapore Seen

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Bizjournals.com, 23 Oct 2012 An Asian partnership led by Singapore’s sovereign wealth fund has agreed to buy a 92 percent stake in 101 California St. in downtown San Francisco for $ 851 million, or $ 740 a square foot, according to Real Estate Alert. The seller was Nippon Life Insurance. The partnership will also buy [...]

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We can tell a lot about what people regard as right or wrong by their responses to transgressions. In the case of the Amy Cheong incident, it is interesting to note that the primary focus has been on her racial prejudices – while almost nothing has been… Full News here – TODAYonline – Singapore

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STOCKS NEWS SINGAPORE-UOB may seek M&A in wealth space-Citi Singapore's smallest lender by assets, United Overseas Bank, will consider tactical acquisitions, especially inwealth management, to grow its assets under management (AUM),Citigroup said after an investment. Read more on Reuters

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