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     Banking & Finance - Unit trusts

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     FT New York Institute of Finance is a well-known total solution financial training provider with its Asia Pacific headquarters in Singapore. It has received Financial Sector Development Fund (FSDF) support from the Monetary Authority of Singapore (MAS) for five of its courses. This means that companies sending their staff for training in these courses get to offset up to 80% of the course fees per delegate.

 

     AsiaUnitTrust.com is an Asian portal on unit trust; comprehensive coverage. Includes screening and financial calculations.

     DollarDex.com dollarDEX financial superstore. Insurance, loans, unit trusts in Singapore.

     FirstIndependent.com.sg is the website of independent financial planners. It offers unit trusts, money market funds as well as stocks to investors.

     FT New York Institute of Finance is a well-known total solution financial training provider with its Asia Pacific headquarters in Singapore. It has received Financial Sector Development Fund (FSDF) support from the Monetary Authority of Singapore (MAS) for five of its courses. This means that companies sending their staff for training in these courses get to offset up to 80% of the course fees per delegate.

     Moneycast.com.sg has an online stock game in which you can win a grand cash prize of S$10 000. The Game is divided into 6 weekly contests and starts on 17 Apr 2000.

     Uneedtrust.com is a one-stop unit trust portal; includes detailed and comprehensive information on Singapore funds industry.

     VirtualBanking2000.com is an online web conference co-ordinated by RMR Plc It provides over 100 papers, audio and video presentations from key players in the industry. It also has 'live' discussion forums, an online exhibition hall and free Internet-based training on a variety of subjects in the e-college. All free for those who sign up as delegates. For more information, please e-mail jay.mandevia@rmrplc.com

 

     NEWS SNIPPETS

     2006

Challenges for the Asia Bond Market

Mr Heng Swee Keat Managing Director of the Monetary Authority of Singapore

"Most Asian markets are still dominated by local investors, comprising mostly banks, insurance companies and pension funds. Anecdotal evidence suggests that on average, non-resident investors hold less than 5% of Asian bonds...

"After the financial crisis, most Asian economies lifted restrictions on foreign participation in their bond markets...

"But I believe we need to go much further - beyond removing barriers to foreign participation, we should be actively facilitating foreign participation, and integrating our markets into the global system..."

More.....

     -  MAS conducts first mystery shopping survey on financial advisory practices

     2005

Financial Industry Disputes Resolution Centre launched

"First, by handling all disputes that relate to forms of financial transactions, it provides consumers the convenience of a one-stop centre...

"Third, FIDReC is affordable. To ensure easy access, mediation services will be free. If current trend continues, it means that 95% of all cases handled by FIDReC will be free. Should adjudication be needed, consumers will pay just $50."

More.....

      - Securities & Futures (Amendment) Bill 2005 passed

     - Financial Advisers (Amendment) Bill 2005 passed

     2003

 

  The Monetary Authority of Singapore (MAS) said yesterday it is delaying, by three months to July 1, the start date of the "cooling off" or cancellation period for unit trusts so that fund managers can comply with it. (Straits Times 21 Mar 2003) (A19)

  Deputy Prime Minister Lee Hsien Loong on 6 Sep 2000 outlined the Monetary Authority of Singapore's (MAS) groundrules for regulating the fast-expanding array of securities-related websites, including news and research portals; chatrooms and bulletin boards. MAS would distinguish between "fact and opinion" and require a website to be licensed if it made interpretive or subjective statements, as opposed to merely stating facts. He added that websites that are "passive conduits" for the distribution of online information and services will not need to be licensed. These include sites that contain only links to research reports or merely reproduce them in full, as well as those that refer investors to brokers for the opening of trading accounts. Online bulletin boards and chatrooms for "public discussion of securities" also need not be licensed - and neither do their participants, so long as these participants are not in the business of providing investment advice.