Philip Chua Business Blog

Posts Tagged ‘dispute’

AMID the general optimism over equities in Asia and the emerging markets, strategists at Barclays Wealth have sounded a note of caution over valuations in Asia. This runs counter to the consensus view that Asian growth is set to outstrip that of developed economies – a point that isn’t in dispute – and that market weakness is a buying opportunity.

Says Aaron Gurwitz, Barclays Wealth managing di… more

THE independent directors of a Singapore-listed investment fund – Global Investments – are embroiled in a dispute with the company’s biggest shareholder over the appointment of a fund manager to run its business.
Its previous fund manager fell victim to the global financial crisis last year. Global Investments announced last month that it wanted to hand over the job to ST Asset Management – a fund… more

THE Government is moving quickly on a plan to regulate real estate agents in the wake of growing calls to improve the standards of the industry.
The Straits Times understands that an independent body will be set up and chaired by a neutral party appointed by the Government. It will also house a dispute resolution centre to mediate between agents and consumers.
Key agency bosses, industry associati… more

A MOTOR insurer has been ordered to pay $10,000 in legal costs after it took a ‘customer’ to court over a $5,000 dispute and lost.
This is because Kenso Leasing, which India International Insurance (III) sued, proved it was not aware that an insurance policy for a truck was taken out under its name.
The Nissan Cabstar was among 60 vehicles acquired by used car dealer and rental company Auto & … more

Reuters – The days of secret bank accounts are numbered for Americans after UBS and the U.S. and Swiss governments agreed to settle a dispute over whether the Swiss bank should be forced to disclose the names of 52,000 rich U.S. clients suspected of tax evasion.

Reuters – Switzerland’s UBS will not have to pay a fine as part of the settlement of a tax evasion dispute with the United States, two Swiss newspapers reported on Sunday.