Philip Chua Business Blog

Posts Tagged ‘Trust’

The Bank of Japan released its minutes concerning May 20-21 meeting when policy makers decided to keep interest rates at its low record of 0.1% to fight deflation that continued to weigh on economic activity in the world's second largest economy. Policy makers signaled the importance of securing investors' trust

WEALTHY people are increasingly turning to family trusts to hand their assets down to their children but a case that has made its way to the High Court is raising issues about expectations of how these trust structures are operated and managed. Retired engineer Arumugam Vijiaratnam, 88, and daughter Vanaja are alleging that UBS mishandled their private banking relationship. Dr Vijiaratnam alleges ... more

THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more

(SINGAPORE) A company which was marketing ’shares’ in condominium units just a few weeks back has adopted a new tack, and is now putting apart-ments up for tender.
Following a model similar to that of an unlisted property trust, Primespace Investments Pte Ltd initially promoted ‘fractional ownership’ in two studio apartments, one at One-North Residences and another at One Shenton.
As BT reported … more

(SINGAPORE) Buyers of life assurance, accident or health policies can nominate their beneficiaries under the Insurance Nomination law that took effect this month.
The law finally clears up ambiguities relating to beneficiary nominations under previous legislation.
Under the new framework, policy-holders have two options in terms of nominating beneficiaries.
One is a trust nomination, through which… more

Reuters – A U.S. judge ruled on Monday against American International Group in the insurer’s legal battle with Starr International Co, affirming a July jury verdict that Starr did not breach a trust.