Singapore

SWFs investment in banks: an alarming trend?

In the wake of the credit crunch banks' capital cushions have deflated dangerously. And, in response, some have turned to one group of investors untouched by subprime credit or by mark-to-market reporting requirements: sovereign wealth funds (SWFs)…

Singapore SWF could invest $5 billion in US bank

Temasek, the Singapore finance ministry's sovereign wealth fund, could be the latest fund to cash in on Wall Street's subprime losses by injecting as much as $5 billion into Merrill Lynch in exchange for what could amount to a 10% stake in the American…

SWF stakes should be limited: SNB's Hildebrand

Sovereign wealth funds' stakes in foreign companies must be significantly below the threshold of a controlling minority to avoid a resurgence of state ownership, said Philipp Hildebrand, the vice chairman of the Swiss National Bank.

The rise of SWFs is unstoppable

Western governments must accept the rise of sovereign wealth funds as a further sign of a shift in the world economy, according to Gerard Lyons, the chief economist at Standard Chartered, a bank.

Bollard defends monetary policy framework

Alan Bollard, the governor of the Reserve Bank of New Zealand said yesterday that if the central bank were to aim for exchange rate stability the price to be paid would be big swings in interest rates.

MAS - Annual Report 2006-2007

Presenting the annual report for 2006-2007 of the Monetary Authority of Singapore (MAS), Goh Chok Toy, the chairman of the central bank, said 2006 was a significant year for Singapore and MAS.

Singapore's capital markets impressive

Kola Luu, executive director of the financial markets strategy department at the Monetary Authority of Singapore, in a speech at the ACI Forum on 3 September 2007, highlighted the good performance of Singapore's domestic capital markets.

Japanese regulator seeks hedge fund clamp-down

The Japanese Securities and Exchange Surveillance Commission (SESC), has warned that investment banks and hedge funds are becoming "too close" and expressed fears that this could lead to insider trading and other forms of misconduct.

IMF's Rato on capital flows

In a speech given on 28 July Rodrigo de Rato, managing director of the International Monetary Fund, said that imposing direct limits or controls on capital inflows sets central banks and private financial institutions against each other.

Developments in Asian insurance markets

This this speech, Low Kwok Mun, the executive director for insurance regulation at the Monetary Authority of Singapore, considers what Asian countries can do to ensure that they attract the required talent in the insurance industry.

Singapore's central bank profits more than tripled

The Monetary Authority of Singapore (MAS), the country's central bank, announced on 25 July that its profits more than tripled in the fiscal year through March 2007. This huge increase was due to higher interest payments and gains from asset markets that…

Concerns remain over rising baht

The Thai central bank was has been urged by the country's military-backed government to cut its key interest rate further to try to stem the rise of the baht, the country's currency, which has reached ten-year highs against the dollar.

India mulls sovereign wealth fund

The government of India has decided to set up a "wholesale banking company" - its own version of a sovereign wealth fund - in a separate country with a mature financial system, according to reports in the Indian media.

Singapore's Tong: Asia's economic prospects

Goh Chok Tong, chairman of the Monetary Authority of Singapore, said, "At the political level, Asia is also coalescing. However, political coalescence is progressing more slowly than economic integration," he said in a keynote address on 4 July.

Asian infrastructure needs - Ng speech

"The immense yet unmet need for infrastructure investments in Asia" combined with Asian governments' desire to develop their capital markets constitute an ideal environment for infrastructure capital markets to take off, according to Ng Nam Sin,…

Kiang on the property sector in Singapore

In the speech 'Review of the property sector in Singapore and Asia' given on 23 April Lim Hng Kiang of the Monetary Authority of Singapore said general positive sentiments suggest that 2007 and the years ahead will be exciting for Asia and its property…

MAS lists key support for Singapore economy

The Monetary Authority of Singapore (MAS) said in its half-yearly macro-economic review published Wednesday 25 April, that the booming oil rig and biomedical sectors will provide key support for the economy in 2007.

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