Philip Chua Business Blog

Posts Tagged ‘act’

LAWS to give the authorities more bite when it comes to loan sharks and their accomplices came into effect yesterday, ahead of the opening of Singapore’s first casino, in a move lauded by MPs and counsellors as timely.
The changes to the Moneylenders Act also come in the wake of a rising tide of illegal moneylending activities in recent years.
Latest figures released by the police showed that ther… more

President Barack Obama on Thursday described bank bonuses as “obscene” and called for a new tax on Wall Street’s largest firms.

Barack Obama – Emergency Economic Stabilization Act of 2008 – President of the United States – United States – Business

The $700 billion Troubled Asset Relief Program was never used for the purpose for which it was originally intended. Yet it has been extended for another year.  Answer Desk.







Troubled Asset Relief Program – Emergency Economic Stabilization Act of 2008 – Federal Reserve System – Citigroup – Business

TRADERS were all but wearing Santa Claus suits yesterday as they embraced the Christmas mood and sent the market to a 17-month high.
Funds, too, got in the act by window- dressing blue chips to make the last full trading day before the holiday a festive one. The result was a 17.74-point rise in the benchmark Straits Times Index (STI) to 2,841.56.
But it would not be Christmas without the presence … more

As reports and data generated by the federal Recovery Act pile up, tracking stimulus outlays and results is fast becoming a hot cyber parlor game. Msnbc.com’s Mike Stuckey reports.

American Recovery and Reinvestment Act of 2009 – Business – Recovery Act – Investing – Sports

MOST people place their faith in the disclosure-based model which says that the more information financial advisers and companies are made to tell the public, the better. This is the rationale behind Regulation Full Disclosure (RFD) in the US and the Sarbanes-Oxley Act of 2002, and is the preferred regulatory approach that has evolved over the past decade in tandem with deregulated markets.
Howeve… more

MOST insurance policyholders need not do anything in the light of the new Insurance Nomination Act if they already have a will, say financial advisers.
But if they have no will and have not nominated a beneficiary – especially for policies bought after 2002 – they may be well advised to make a nomination now.
The new regime, which took effect on Sept 1, gives policyholders greater flexibility to c… more

Personal income fell markedly by 1.3% mom in June – a setback to the massive one-off government transfer payments of the “American Recovery and Reinvestment Act” in the previous two months. We expect personal income to have risen by about 0.3% mom in July, as average hourly earnings increased by…

CHANGES to the Central Provident Fund (CPF) Act were passed yesterday to help ensure that Singaporeans have sufficient savings to last them their entire lives.

This comes as the CPF Amendment Bill was passed in Parliament following a short debate among several members of the House.

The amendment introduces the new CPF Life, or Lifelong Income for the Elderly – a scheme meant for members who tu… more

THE Central Provident Fund (CPF) Board undertakes rigorous checks and investigations to ensure that the CPF savings of deceased members will go to their spouses and children, said Manpower Minister Gan Kim Yong.

He was replying to Madam Halimah Yacob (Jurong GRC), who was worried that a dead member’s family might lose out because of a provision in the new CPF Act, which Parliament passed yesterd… more