Asia
asia and middle east links fuel cross border
Strengthening ties between Asia and the Middle East, particularly within the Islamic finance sector, have been highlighted in a speech by one of Singapore’s senior politicians.
Singapore life industry to revise sales
From 1 July, Singapore's life insurance industry will adopt a new, lower set of investment returns in the materials its representatives use to sell Singapore-dollar denominated participating (“par”) policies, in response to "the current low interest rate environment".
southern malaysian state to impose
A government official in the southern Malaysian state of Johor has said higher tax rates may be imposed on some 130,000 foreigners who own property there, the Malaysian Star reported yesterday.
aberdeen veteran hugh young warns of soft closure
Singapore-based Aberdeen veteran fund manager Hugh Young has warned that a sudden $5bn inflow to its Asia Pacific strategy could force its flagship $10.3bn Sicav fund to soft close to new business.
singapore central bank opens up office in beijing
In a further strengthening of economic ties between Singapore and China, the Monetary Authority of Singapore has opened up its Beijing Representative Office.