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A trouble-shooter and risk navigator
Bank customers barely know that compliance professionals exist until they want to complain, said a veteran in the field, but that has not stopped him from enjoying his work.Mr Conrad Lim, 50, deputy...
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Compliance 'a hot area' in financial industry
Compliance is a field that may appear dull to many, but it is one of the hottest niche areas in the financial industry today.Recruitment firm Hays said in its annual salary guide that the demand for...
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SGX to upgrade platforms for derivatives
The Singapore Exchange (SGX) will be upgrading its trading and clearing systems for derivatives, to make them more efficient as that segment of the bourse operator's business grows.The new systems will...
View ArticleOil ends on a low after halving in 2014 as OPEC stands aside
NEW YORK - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.Just before the...
View ArticleLithuania joins eurozone to seal ties with West
VILNIUS - Lithuania switched over to the euro on Thursday, becoming the last Baltic nation to adopt Europe's single currency in a bid to boost stability despite fears of inflation and eurozone debt...
View ArticleWall Street ponders next year after big gains in 2014
NEW YORK - Wall Street Wednesday toasted another banner year, with US equity markets finishing near all-time highs following a steady stream of improving economic data and investor-friendly monetary...
View ArticleFraud causes disappearance of 99% of Mt. Gox bitcoins
Among about 650,000 bitcoins that went missing from failed Mt. Gox's exchange system, about 7,000 bitcoins, or only about 1 per cent of the total, were lost due to cyber-attacks and it is highly...
View ArticlePrice hikes in Japan to put pressure on purses
Household budgets will likely be squeezed this year with price hikes on a variety of products - from food to commodities - because manufacturers are set to boost prices to cope with the yen's...
View ArticleBanks initiate seizure of Ting Hsin assets
Local banks initiated a provisional seizure of assets against Ting Lu Development Co., a subsidiary of Ting Hsin International Group, as the company defaulted on payments on a syndicated loan...
View ArticleFor world economy, a year of divergence
As we step into 2015, it would appear that on the back of a US economic recovery, the dark days of the financial crisis are behind us. As the largest economy, accounting for more than one-fifth of...
View ArticleOver 300,000 firms in Malaysia ready for GST
PETALING JAYA - Response to the Government's efforts to implement the Goods and Services Tax (GST) has been encouraging with 300,730 companies registering with the Customs Department as of Dec 31 last...
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HDB resale price index falls 1.4% in Q4
SINGAPORE: The resale price index (RPI) for HDB flats fell by 1.4 per cent in the fourth quarter 2014 from the previous quarter last year.This is based on the Housing Board's flash estimate, which was...
View ArticleNew Companies Act enforced in Brunei
Businesses are required to disclose nominee shareholders and to retain books of account records for not less than seven years following an amendment of the Companies Act Order 2014 which will be...
View ArticleIslamic banks to dominate finance sector: OBG report
Brunei's financial system is transitioning to one in which Islamic banking and takaful are the dominant forms of banking and insurance, said the Oxford Business Group (OBG), a global consultancy and...
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Beware con men abusing PIC scheme
SINGAPORE - Chicken rice seller S. L. Lim was approached by a man who offered to help him set up a website and an app to promote his hawker stall. In the end, Mr Lim lost $5,000 and the website never...
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For six in 10 HDB owners, home is still their first flat
SINGAPORE - For more than 13 years, Mr Chan Chi Ki, 53, has lived in a three- room ground-floor Housing Board flat in Toa Payoh Lorong 3 - the only home he has owned.In front of his flat is a little...
View ArticleIndonesia inflation jumps to 8.36% after fuel price hike
JAKARTA - Indonesia's inflation rate shot up in December and its trade balance swung to a deficit after the country's new president hiked fuel prices by 30 percent a month earlier, data showed...
View ArticleAll burnt out
Is it time to leave when you are no longer giving your best?Dear Thelma,I have been with my company for six years. I have been working hard to bring positive changes after a conversation with my...
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