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Singapore Wrap Tuesday

Today's notable stories
Tuesday, October 6, 2015 - 20:00
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The American Chamber of Commerce in Singapore (AmCham Singapore) has urged the US Congress to support the creation of the Trans-Pacific Partnership (TPP) so that it can be successfully implemented.

Trans-Pacific Partnership is a catalyst for Asia-Pacific growth: SBF

The deal to create the world's largest free trade area is a catalyst for Asia-Pacific growth and good news for the Singapore business community, the Singapore Business Federation (SBF) said on Tuesday.


Singapore boasts of highest gross per capita financial assets in Asia: Allianz

Singapore boasts of having the highest gross per capita financial assets in the region last year, beating Japan, Taiwan and India by quite a fair margin.


Singapore backs OECD proposals to combat tax avoidance

Singapore said on Tuesday it welcomes the Organisation for Economic Co-operation and Development's (OECD) final recommendations to the G-20 for an international approach to combat tax avoidance.


Aberdeen cuts charges for all its Singapore funds ahead of CPF board's revised caps

Aberdeen Asset Management Asia Limited said on Tuesday that from October 1, 2015, it is subsidising operating expenses to the tune of S$2-3 million a year on all its local unit trusts ahead of the CPF board's revised expense caps on CPFIS-included funds.


Singapore haze prompts banks to debate rainforest loan standards

A Singapore banking group has embarked on a review of ethical lending practices as haze caused by forest fires in Indonesia envelops the city for a fifth week.


The STI today

Singapore shares close higher in line with Wall Street

Wall Street continued its recovery on Monday and this helped the Straits Times Index (STI) jump 46.16 points or 1.6 per cent to 2,897.41 on Tuesday, bringing its two-day rebound to 105 points or 3.8 per cent.

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