Philip Chua Business Blog

Posts Tagged ‘global financial crisis’

THIS year, for the first time, more than half of the world’s foreign investments will flow into emerging markets. Before, industrialised nations received most of the investments.
Asia in particular, the first continent to recover from the global financial crisis, is set to benefit. Despite the crisis, India and China will grow this year by more than 6 per cent and 8 per cent, respectively, while t… 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 equities industry has gained tremendously because of the global financial crisis, said the head of a key stockbroking company in Singapore.
Investors – faced with near-zero bank deposit interest rates and fewer alternative options for their funds – have turned to stocks in a big way.
This trend is set to continue, even as Western funds are expressing more interest in Asian stocks.
DBS Vickers … more

Considering how much time we spend grappling with our finances and trying to build nest eggs for retirement, it is amazing that financial literacy is still not on the core educational curriculum.
The recent global financial crisis has emphasised once again the importance of financial literacy and taking charge of one’s financial affairs, rather than relying on an investment adviser or bank relatio… more

THE global financial crisis has done nothing to dampen the enthusiasm of private banking chiefs for Asia, including China and the Middle East.
Banks targeting wealthy individuals are ramping up their hiring while some senior executives from Europe are re-locating to the region to be closer to their new growth centres.
HSBC group private banking chief executive Chris Meares told a conference at the… more

THE Government of Singapore Investment Corporation (GIC) has done well in the timing of its stock market moves given the size of its portfolio, said fund managers and analysts yesterday.
GIC steadily sold some of its equities from July 2007 until the onset of the global financial crisis last September, thereby cutting its exposure to public equities by over 10 percentage points of its total portfo… more

ONE year on from the start of the global financial crisis, many lessons are being learnt amid the wreckage of what was once held to be conventional wisdom.
But it is important not to take the wrong lessons away from the turmoil, emphasised Finance Minister Tharman Shanmugaratnam, speaking at the fourth Russia-Singapore Business Forum yesterday.
The minister told some 600 Russian and Singaporean bu… more

Reuters – Another global financial crisis is inevitable because human nature always reverts to “speculative excesses” during a period of sustained prosperity, former U.S. Federal Reserve Chairman Alan Greenspan said.

Treasury Secretary Timothy Geithner said Tuesday aggressive efforts to counter a global financial crisis were starting to work and acknowledged the U.S. had a special duty to help spur a recovery.

Reuters – U.S. Treasury Secretary Timothy Geithner said Tuesday aggressive efforts to counter a global financial crisis were starting to work and acknowledged the United States had a special duty to help spur a recovery.