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STI to cross 3000 boosted by long-term investors
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FATABA
Supreme |
15-Jul-2019 11:42
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There are alrdy much benefit to all our 3 banks ....wealth management ...growth is shown in past qtr of results n more to come Even wo physical movement.....funds in this mgt acct are growing into our 3 banks. Nex report season will tell this sector . Dyodd Happy investing.
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leex0025
Senior |
15-Jul-2019 11:38
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that will be fantastic :D
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Starship
Supreme |
15-Jul-2019 11:30
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SG gets the best Free Publicity worldwide. Now all the super rich in turmoil nations such as those in Africa, Middle East and Central Asia/Ex-USSR know the best place park their money is in..........SINGAPORE ..................
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Starship
Supreme |
15-Jul-2019 09:52
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The entire world is reporting that Hongkies are moving their money to SG..................  Hong Kong turmoil has millionaires eyeing other wealth havens like Singapore MON, JUL 15, 2019 - 8:27 AM [SINGAPORE] Private bankers are being flooded with inquiries from investors in Hong Kong who are worried about the long-term effects of the political crisis in the Chinese city. While the Hong Kong government has shelved the controversial law that sparked the latest round of unrest - one that would have allowed criminal suspects to be transferred to the mainland for trial - a new tier of wealthy investors are setting up ways to move their money out of the former British colony more quickly, bankers and wealth managers said. A major Asian wealth manager said it has received a large flow of new money in Singapore from Hong Kong over recent weeks, requesting not to be identified due to the sensitivity of the issue. One Hong Kong private banker said the majority of the new queries he receives aren' t coming from the super-rich, most of whom already have alternative destinations for their money, but from individuals with assets in the US$10 million to US$20 million range. " Even for those who think the protests will blow over, will die down, their conversations have become: change is coming, how are we planning?"   said Clifford Ng, a managing partner at the Zhong Lun Law Firm in Hong Kong who specializes in advising rich clients on cross-border transactions and investments. The recent demonstrations are the latest trigger in a long process of Chinese money flowing to Singapore, London, New York and other centres outside Beijing' s reach.  Singapore' s US$2.4 trillion asset management industry has been one of the main beneficiaries because of advantages such as political stability, language and rapid air connections with China. With the accelerating investor interest in Singapore, the Monetary Authority of Singapore (MAS) asked the country' s financial institutions not to deprecate Hong Kong publicly because of the demonstrations, according to people familiar with the matter. The MAS wants to avoid the perception that Singapore is benefiting from Hong Kong' s misfortunes, they said. " We' ve received increased amount of client inquiries about the Hong Kong situation in the past weeks,' ' said Lawrence Lua, the deputy head of private banking at Singapore' s DBS Holdings.  ' ' Investors, businessmen and wealthy individuals - they love orderliness and rule of law. It is not unreasonable to say that they are exploring alternative locations' ' in case the situation in Hong Kong doesn' t improve, he added. The unrest in the Chinese territory is likely to have other repercussions too. Family offices,  an increasingly popular way to manage the wealth of Asia' s super rich, are more likely to choose Singapore over Hong Kong  as their base following the political disturbances in the territory, according to David Chong, chairman of Labuan, Malaysia-based Portcullis Group, an independent trust company that provides advice to family offices and high-net-worth individuals. Mr Chong said he' s aware of family offices that manage at least US$200 million of assets under management which are now looking to locate in Singapore rather than Hong Kong because of the demonstrations. https://www.businesstimes.com.sg/banking-finance/hong-kong-turmoil-has-millionaires-eyeing-other-wealth-havens-like-singapore ![]()   |
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hlfoo2010
Master |
15-Jul-2019 08:16
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Take what to say are scientific surveys to choose a people prrfer president. oe PM in TW? Sporean should learn and aware so not be fool by some external western social medias or agents  ?
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hlfoo2010
Master |
15-Jul-2019 08:09
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CTITV Taiwan News HD Live?b
https://www.youtube.com/watch?v=-rpA8cVSwe4  
CTI???V?V?·24?¬??HD?V?·?¼?d 
https://www.youtube.com/watch?v=wUPPkSANpyo
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Starship
Supreme |
14-Jul-2019 09:50
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The Invincible Bank....................... ![]() ![]()
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famouspinky
Supreme |
13-Jul-2019 22:37
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Lol how to belief. It's amazing how they work. Recession coming..but no recession later. Really nonsense by doing nothing
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Goldfinger
Supreme |
13-Jul-2019 20:56
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You actually believe this???  Come on.... 
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famouspinky
Supreme |
13-Jul-2019 20:29
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When asked for a comment for this story, MAS referred to comments last month by its managing director, Ravi Menon, that there were no signs of "any significant shift of business or funds" from Hong Kong to Singapore.
He had said that any upheaval in Hong Kong could actually be negative for Singapore. Read more at https://www.channelnewsasia.com/news/business/mas-dbs-ocbc-bank-singapore-hong-kong-protest-11714880
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Starship
Supreme |
13-Jul-2019 18:14
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MAS' letter turns out to be Free Publicity as news networks worldwide published this news....................... Hongkies who were previously clueless suddenly realise there' s a good option out there.................... ![]() ![]()       SG Urges Wealth Managers against Wooing Clients amid HK Political Turmoil: Wire 2019/07/12 17:18 Singapore has reminded wealth managers against aggressive marketing to woo clients amid political turmoil in Hong Kong, people with knowledge of the matter told Reuters. The Monetary Authority of Singapore (MAS)' s message was that Singaporean banks should not be taken undue advantage of their rival, said a senior banking source. http://www.aastocks.com/en/stocks/news/aafn-con/NOW.951940/top-news ![]()   |
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Goldfinger
Supreme |
13-Jul-2019 16:04
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People below 50 need to think seriously what jobs are going to be around in 5 to 10 years time.  Do not need to bother about 20 years out.  Many young professionals will find themselves very very disrupted very very soon.  Only property under your feet, and money in the bank, is going to matter. 
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famouspinky
Supreme |
13-Jul-2019 15:57
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15k per month, for 30 years as scholar in gvt job or inheritance from 50mil property. Sg will normalise itself with GDP with a good garment or SGD become worthless scripts.
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Goldfinger
Supreme |
13-Jul-2019 15:52
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Frankly, unless your networth is $5million or more, SG is going to be a tougher place to survive going forward, as rampant disruption takes away more jobs.  This is the sad but likely fate.  And $5million networth is only upper middle class. To be " poor" rich, need at least $10millions.  Otherwise, think greener pastures may suit.
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Starship
Supreme |
13-Jul-2019 15:40
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Property investors and stock investors share a similar trait ------------- being Human. When they haven' t bought enough, they want Rock Bottom Prices ---  they don' t care abt those who are holding at losses.......... When they' ve bought enough and ready to sell, they want Skyhigh Prices ---- they don' t care paupers can' t afford even cheap prices.............. And Donald Trump is the epitome of such Humans......................... |
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famouspinky
Supreme |
13-Jul-2019 15:30
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Imagine Saudi king buy all the land and make it 30year lease. We are all invaded indirectly. All become servants and paupers overnight.
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famouspinky
Supreme |
13-Jul-2019 15:25
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U should read more. Trade is gone. So is electronics. I pity those who still do not know what's going on and worst, making ends meet.
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famouspinky
Supreme |
13-Jul-2019 15:23
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U should read more. Many places good for the rich.
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famouspinky
Supreme |
13-Jul-2019 15:20
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Economy is not base on purchase of properties. To find rich to invest in properties is easy. Many many rich people is outside Singapore. Without gvt intervention, all the properties in sg will be bought by foreigners. For this, I appluad PAP.
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Starship
Supreme |
13-Jul-2019 15:19
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DBS chief sees ' four or five' candidates on his succession bench FRI, JUL 12, 2019 - 5:50 AM DBS chief executive officer Piyush Gupta has spotted " four or five" internal candidates who have the potential to take on his job, though without specifying a timeline, he said in an interview with Euromoney magazine. Mr Gupta, 59, said he is trying to build a succession.................................[BT Premium Article]   |
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