Philip Chua Business Blog

Posts Tagged ‘practice’

THE Singapore Exchange (SGX) has warned brokers against profiting from inside information of pending customer orders.
SGX highlighted the practice of front-running – a trading misconduct that occurs when a broker does a personal trade on a stock on the knowledge that his client wants a trade executed on the stock later.
‘There is an opportunity to profit by trading in advance of customers’ large o… more

IT USED to be that only the sick and the old wrote wills.
But now, the practice of crafting a formal document specifying the individuals who will receive one’s property upon his death is catching on among the younger set, even those yet to hit their 30th birthday. This stems from people in their 20s and 30s pursuing active lifestyles and often travelling to places where epidemics and terrorism are… more

A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest – with many giving the idea the thumbs up.
This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest.
But there is likely to be resistance from some agents who stand to lose commissions if it is implemented.

The pr… more

The Government will not remove employers’ legal option to cut a worker’s pay at age 60, but Manpower Minister Gan Kim Yong wants bosses to show fairness and flexibility.
Weighing in on the issue after the labour movement’s call to review the longstanding practice, he agreed yesterday that companies should not automatically resort to a 10 per cent salary cut – the maximum allowed by law – without c… more

THE Government is contemplating a move to ban property agents from engaging in the widespread practice of representing both the seller and buyer of an HDB flat in the same transaction.
The idea is set to get the thumbs up from home buyers and sellers, but could leave some agents unhappy at a potential loss of commission income.
The proposal was released yesterday by the Ministry of National Develo… more

The operator of the Nasdaq stock market said Thursday it will stop a practice that gives some brokerages a split-second advantage in buying or selling stocks.