Philip Chua Business Blog

Posts Tagged ‘proposal’

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 Obama administration on Friday pushed back against a proposal in the U.S. Senate to create a single bank super-regulator and strip the Federal Reserve of its supervisory powers.







Federal Reserve System – Presidency of Barack Obama – United States Senate – Business – Federal Reserve

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

Reuters – American Airlines will team up with British Airways and Qantas Airways to make a joint alliance proposal to recapitalize loss-making Japan Airlines (9205.T), two people with direct knowledge of the talks said.

THE Singapore Exchange’s (SGX) proposal to make it mandatory for controlling shareholders to disclose their pledged shares has been largely welcomed by industry watchers.
The SGX said on Saturday that controlling shareholders must disclose their share-pledging arrangements if the amount pledged is large enough to cause a change in control of the company.
Such shareholders must also disclose arrang… more

(SINGAPORE) The Securities Investors Association (Singapore), or SIAS, has hit out at the delisting proposal by the Tang brothers, saying that the exit offer has ignored the interests of minority shareholders.
The investor rights watchdog has requested a meeting with the board of directors before tomorrow’s extraordinary general meeting (EGM), after attempts by a vocal minority shareholder, Alan G… more

Burger King said Tuesday it will mail coupons for $1 double cheeseburgers after its franchisees reportedly vetoed a proposal to offer the burger on the menu at that price.

A PROPOSED tax change designed to make the rules clearer on profits made from the sale of property was still creating a stir yesterday about a week after news of it first broke.

Even though the Government has clarified that the proposal is not intended to stifle speculation, traders are still concerned that it might have a detrimental impact on the property sector.

Under the proposed change, a… more

(SINGAPORE) Has the market worked up a storm in a teacup over a suggested change to income tax laws on gains from property sales? Keen to quell rumours about an anti-speculation drive, the Ministry of Finance (MOF) clarified yesterday that the proposal is unlikely to lead to more individuals being taxed.
Still, some industry watchers believe that the potential change is enough to worry property in… more

THE proposal to clarify the law on taxing profits from property sales is not a backdoor attempt to impose a capital gains tax or a pre-emptive strike against speculators.

· NO CHANGE to current and longstanding income tax treatment for individuals who sell properties frequently

· NO NEED for individuals to report to I… more