Singapore

Sovereign wealth funds seek voluntary guidelines to allay fears

Singapore - Representatives of sovereign wealth funds (SWFs) met in Singapore on Wednesday in a bid to make further progress on voluntary guidelines that would allay European and US fears of political interference.

A set of generally accepted principles and practices are under deliberation with the aim of promoting "a clearer understanding of the institutional framework, governance, and investment operations of SWFs that would support the maintenance of an open and stable investment climate," a statement by the SWF's International Working Group
(IWG) said.

The second working session of the 23-member IWG, which was formed in May, is seeking to formulate a code of ethics that could be formalized by October.

Taiwanese band delights Singapore airport passengers

Singapore - Pop band F. I. R. delighted passengers at Singapore's Changi Airport on Tuesday with a special appearance prior to heading to China.

Islamic Bank of Asia launches risk-management projects

Singapore - The Islamic Bank of Asia (IB Asia) has launched two risk-management products to help companies manage their liability risks and limit their exposure to fluctuating funding costs, a pub

One in four Asian banks hit by online scam attempts, study says

Singapore - More than 25 per cent of banks in the Asia-Pacific region have been hit by attempts to steal online information over the last 12 months, but beefing up security is still not viewed as

New top 20 China stocks index launched in Singapore

Singapore - A new tradeable index of the 20 biggest Chinese companies on the Singapore Exchange (SGX) was launched on Monday.

Sealing air vents raises ire of elderly block dwellers

Singapore - The sealing off of air vents along the corridors of nine housing blocks has raised the ire of residents who were not consulted and are unhappy about less light and air entering their go

Pages