Singapore Wrap Tuesday
Today's notable stories
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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International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons