Singapore

SINGAPORE - Singaporean wealth levels at retirement rest critically on the interlinked national retirement and housing programmes, according to a new paper by David McCarthy, Olivia Mitchell and John Piggott.

SINGAPORE - Northern Trust has been granted a Wholesale Banking License from the Singaporean authorities, allowing the firm to expand its operations in the region.

SINGAPORE - Merrill Lynch Investment Managers (MLIM) has laid off 22 of the 30 employees in its Singapore group.

SINGAPORE - Morley Fund Management Singapore has been awarded the status of Enhanced Fund Manager (EFM) by the Monetary Authority of Singapore (MAS).

SINGAPORE - In an attempt to boost the country's outlook, the Government will give Central Provident Fund (CPF) members Singapore shares from the start of next month.

SINGAPORE - Institutional investors may soon receive preliminary prospectuses, used to ascertain the level of market interest in securities, if the securities and futures bill is passed.

SINGAPORE - Corporate governance is becoming a major driver in Singapore's economic competitiveness, according to finance minister Richard Hu.

SINGAPORE - The CPF's decision to freeze employer pension contributions will help companies get through the current downturn in the economy and help them to reduce retrenchment of labour, according to consultants William M Mercer.