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