Thursday 16 May 2013

Husband-and-wife team explore Singapore"s history through photos

c22a3 2 photo If Singapore were run by foreigners, would you be happy?Caption: Blk 19, Jalan Sultan: Note the original ventilation blocks for the stairwells of the building, which are …


Singapore’s history is often associated with major events like the Japanese occupation, our colonial past and our independence. Many Singaporeans, especially teenagers, having not lived through that period, struggle to connect with these experiences. Hence, it’s common for them to lose interest in the history of our nation. And that’s where local photographer Darren Soh, 37, and writer Melanie Lee, 34, hope to make a difference – through their craft.


The husband-and-wife team says learning about our country’s history should be a personal experience. We can find out a lot about our city-state through the space we live in, such as our immediate surroundings, says Soh, who is an award-winning landscape and architectural photographer.


Through his work and in his free time, Soh explores and documents local life. In particular, he is interested in old buildings from the 1950s and 1960s, many of which are public housing flats. Unlike colonial architecture, such buildings are often lost as many of them are not deemed old or important enough to be conserved, says Soh. He photographs these buildings and their surroundings – these landscapes, he believes, may be current now but will very quickly become a part of our history in fast-changing Singapore.


Although old HDB blocks are commonly overlooked – perhaps due to their simple and functional designs – Soh says they are important cultural artefacts and tell interesting tales of the generations that have lived in them. After all, over 85 per cent of the local population live in these public housing flats.


Soh says while photographing older HDB flats, he noticed differences in architecture when compared with that of the current flats. For example, these flats above feature ventilation at the stairwells – something that’s rare in modern designs.


c22a3 5 photo If Singapore were run by foreigners, would you be happy?Dragon playground, Block 28, Toa Payoh Lorong 6: This Dragon Playground of Toa Payoh is the only one of its kind …


The shared memories of HDB estates go beyond the actual blocks. Dragon playgrounds used to be common in HDB estates in Toa Payoh and Ang Mo Kio. However, many were phased out due to safety concerns after 1993.


cf4b0 marina bay 1990 and 2010 If Singapore were run by foreigners, would you be happy?(Left) This is a view of Marina Bay in 1990, from the top of what was then the Westin Stamford (today, the Swissotel …Part of Soh’s motivation comes from his desire to keep up with Singapore’s fast-changing landscape.


“It changes on a day-to-day basis,” he says, especially when he returns from overseas trips with Lee. “We just go away for two weeks, and when we come back, why is there this thing that was not here before?”


He warns that if society keeps changing at this rate, the younger generation might have “a very misplaced sense of space” and the physical environment they grew up with “won’t be there when they become adults”.


Thus, he says, now is the time for Singaporeans to take ownership of our own heritage by documenting Singapore in their own ways.


Lee, Soh’s wife, is a freelance writer who is very interested in Singapore’s heritage and her story. She is a self-confessed “kaypoh” and enjoys learning about the stories and origins behind historical places.


cf4b0 sembawang hot springs 003 If Singapore were run by foreigners, would you be happy?An image of the Sembawang Hot Spring, just a 15 – 20 minutes’ walk from where Soh and Lee live.


The couple live in Sembawang and love exploring their neighbourhood. Lee says many Singaporeans might be surprised to know that there’s actually a hot spring in Singapore – the Sembawang Hot Spring. She says she notices many ladies doing their laundry and taking baths there.


Being an active explorer, she did some research and found out that there is talk of the water having healing powers. She shares that there were attempts to start a spa business there in 1967, but it didn’t work out. She also found out that the hot spring was a thermal bath facility for Japanese soldiers during the Japanese occupation, but it was later destroyed by the British.


cf4b0 sembawang hot springs 008 If Singapore were run by foreigners, would you be happy?Another image of the Sembawang Hot Springs, just a 15 – 20 minutes’ walk from where Soh and Lee live.


The adventurous couple say Singapore’s history should be a participative study of the past, and a collective memory built and shaped by many varied personal narratives. Soh cites the social interactions on his Facebook page as an example. When he shares photos of HDB blocks, for instance, many readers leave comments, sharing their experiences of the times when they lived in those buildings. This, Soh explains, makes for a Singapore story that’s interactive and collective, a bottom-up effort one rather than a top-down one.


The couple would like to encourage Singaporeans to be a bit “kaypoh” and to keep an eye out for unusual scenes. Visit heritage blogs, such as the Long and Winding Road, to learn more about our shared history. Curious explorers can also go to the library and access the National Archives of Singapore or the Picture Archives (PICAS).


And to learn some tips from the couple themselves, head to Soh and Lee’s free publica lecture, titled “How to be a Singapore Explorer”. It will be held on May 15, 7.30pm-8.30pm, at the National Museum of Singapore. Admission is free with registration. Please email your contact details to nhb_nm_lectures@nhb.gov.sg for registration.


The lecture is part of Historia SG 2013, an annual series of public programmes which will run from April to August to engage, inspire and encourage Singaporeans to learn more about Singapore’s rich history.




Husband-and-wife team explore Singapore"s history through photos

Attracting and retaining homegrown talent, Days Hotel Singapore at Zhongshan ...

b69be 2013may17 case More cyber extortion cases in Singapore last year




An orientation session for staff 




WHO Two new hotels, Ramada Singapore and Days Hotel Singapore at Zhongshan Park, managed by Wyndham Hotel Group, have successfully tapped local talent, which makes up 70 per cent of their current staff strength of 219. Both properties offer a total of 800 rooms.




WHAT For new talent entering the workforce, they have a choice to be enrolled in the hotels’ Master of Experience (ME) Leap! Programme. All staff or associates, known as MEs, will be trained and assessed on the fundamentals of front office management and FB operations, progressing to undertake advanced tasks in the roles of their choice. They will also be tasked to role-shadow a member of the senior management team and understudy an area of business management.



Meanwhile, mature and experienced candidates are targeted via a non-discriminatory application and interview process where many personal factors including gender, race and age of the candidates are deliberately left unknown until an official job offer is made.



Once onboard, staff are retained via various talent management initiatives. For instance, non-management associates are enrolled in a gain-sharing scheme where productivity gains from the team will be translated into monetary rewards. A series of competency tests will then qualify associates to move up to a supervisory role and receive a skills-based increment.



Employees are also offered perks such as a five-day work week, flexi-work hours to commence work between 07.30 and 09.30 and end work between 17.00 and 19.00, as well as telecommuting for project-based work, even for employees in operating departments such as rooms and FB. 




WHY Candice Lim, director of human resources for Ramada and Days Hotels Singapore at Zhongshan Park, said: “We are definitely committed to hiring locals as they are well acquainted with the local market and have greater adaptability and understanding of the local environment.” 



She said university graduates were attracted to the comprehensive training and development road map as they had the unique opportunity to work in two hotels and be cross-trained in different areas across all facets of hotel operations.



As for the non-discriminatory job application process, Lim said: “It allows us to be very objective in our assessment of candidates and to base our selection processes strictly on their credentials.



“By putting forward a clear focus on the type of talent we are looking for, regardless of their age, gender and race, we are able to build a positive environment in recognising exceptional performance.” 



Emphasising the importance of investing in HR, Lim said: “Being in the people business, our associates are our most valuable assets.”




TARGET Both hotels are looking to recruit another 100 staff members across all levels and functions for both hotels, including various managerial positions. 




Attracting and retaining homegrown talent, Days Hotel Singapore at Zhongshan ...

The need for speed

Governments are realising that investments into high-speed train networks must be made



 f5ddb malaysiasingapore%281%29 More cyber extortion cases in Singapore last year


Malaysia-Singapore
S Puvaneswary



What

Linking Kuala Lumpur and Singapore, the high-speed rail link will reduce travel time to 90 minutes, compared with the current six hours or so by regular train. This is targeted to be operational in 2020.



Given that the technology employed will be different from existing rail services, there will be an independent railway alignment with new stations in Kuala Lumpur, Negeri Sembilan, Malacca and Johor before connecting to Singapore, said Malaysia’s Land Public Transport Commission CEO, Mohd Nur Ismal Mohamed Kamal.




He added: “The project is still in very early stages, and a Joint Ministerial Committee between Malaysia and Singapore has been tasked to work on the details of the project.”



After the announcement was made in February, there have been opinions on whether Malaysia would be better served by an interstate rail link, as well as whether the country would be sending more tourists to Singapore at its own expense.


Who it will benefit

World Avenues Malaysia executive director, Ally Bhoonee, said that the service would be ideal for programmes that include Singapore. “Currently it is difficult to get seats for large groups on a single flight on the Kuala Lumpur-Singapore route. The group usually has to be divided,” he explained.



Diethelm Travel Malaysia managing director, Manfred Kurz, said: “Tourists in Singapore can use the rail service to extend their stay in Malaysia and opt for round trips and beach holidays.”



Tina Travel Agencies managing director, Adam Kamal, added: “The new service will provide an opportunity for us to target travellers with transit time in Singapore exceeding 18 hours, as it will give them a chance to visit Malaysia.”



Who it will challenge

Malaysia’s TA Securities Holdings research analyst, Wendy Thiam, said that the impact on air travel would depend largely on how the rail tickets were priced.



A source from AirAsia was unfazed, pointing out that passengers from Singapore were using Kuala Lumpur as a transit point to connect to the rest of its network.



Tina Travel Agencies’ Kamal also felt many would still prefer coach services as they “provide door-to-door transfers from hotels in Singapore to hotels in Malaysia”.




9e87a thailand More cyber extortion cases in Singapore last year
Thailand
Greg Lowe



What

Thailand’s parliament approved in March the first reading of the 2.2 trillion baht (US$74.3 billion) infrastructure bill, which has earmarked more than 780 billion baht for high-speed rail along four routes.



The southern Bangkok-Hua Hin and eastern Bangkok-Rayong routes are due to be completed by the end of 2018, while northern Bangkok-Chiang Mai and Bangkok-Nakhon Ratchasima in the lower north-east are scheduled for completion by the end of 2020.  



Later phases are planned to extend the network to Nong Khai, which borders Laos in the north-east; Trat, which lies close to Cambodia in the east; and Padang Besar in the south at the Malaysian border.



While the opposition Democrat party has tried to obstruct the infrastructure bill, both the bill and the budget for high-speed rail developments are expected to be passed by parliament later this month.




Who it will benefit

The plans have been received positively by the industry despite any turbulence the new services may cause for existing transport operators.

Travel time from Bangkok to Chiang Mai will be slashed from more than eight hours to four, for example.



Suparerk Surangura, managing director of Trans Asia Express and former president of the Association of Thai Travel Agents, said: “The network will also open up north-east Thailand, which is mostly a rural area where attractions are quite spread out, so high-speed rail will make travel times shorter.”



Travel to and from neighbouring South-east Asia as well as China (by way of Laos) will also be made easier.



Who it will challenge

Coaches must adapt from transporting travellers around the country to opening up access from new train stations to surrounding hotels and attractions, said Suparerk.



A spokesperson from Thai AirAsia said: “There will still be demand to fly as long as fares remain competitive and flight frequencies to the destinations allow for flexible and convenient travel. In Europe, low-cost carriers are actually cheaper than high-speed trains, and there is still demand to fly despite the excellent infrastructure.”



e48f1 chinahk More cyber extortion cases in Singapore last year
Hong Kong-China
Prudence Lui



What

The construction of Hong Kong’s 26km section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) running from West Kowloon to the boundary of Hong Kong and Shenzhen started in January 2010. Set to complete in 2015, the XRL will connect with the 16,000km National High-speed Railway Network (HSR).



With maximum operating speeds at 200km per hour, estimated journey times between Hong Kong and Futian in Shenzhen will be 14 minutes; 23 minutes between Hong Kong and Shenzhen North; and 48 minutes between Hong Kong and Guangzhou South.



MTR Corporation faces different challenges for a project of this scale. Besides the comprehensive planning required for resource allocation and coordination with different contractors, it also has to factor in the needs of the community by minimising the environmental and traffic impact to the neighbourhood.



Who it will benefit

FIT travel into China will grow even more, according to Ng Hi-on, director of China Travel Service (CTS) International Science-Technology and Culture Exchange. He explained: “Fewer Hong Kong people are joining group tours to visit China due to the improvement of transportation. In fact, CTS has rolled out high-speed rail packages with hotels and attractions. Popular routes are Xiaoguan in Guangdong and Wuhan after high-speed rail services were launched.



“The high-speed train crash in Wenzhou in 2011 dampened the desire to travel as people worried about safety. But now consumer confidence is building up gradually.”



Similarly, Vigor Tours general manager, Edward Chan, predicted that more Hong Kongers would opt to travel by rail to China.



Who it will challenge

Despite the industry predictions of air traffic loss, a Cathay Pacific spokesman said: “The Cathay Pacific Group has a fundamental advantage as a hub carrier. Passengers from (other) countries will likely prefer an aircraft-aircraft transfer at Hong Kong to reach their secondary destination in the mainland rather than an aircraft-HSR transfer at a mainland gateway point.” She added that there were also good intermodal opportunities for flights from Hong Kong to feed passengers into the HSR network at points on the mainland.



e48f1 india More cyber extortion cases in Singapore last year
India
Shekhar Niyogi


What


Government subsidiary High Speed Rail Corporation of India was incorporated on July 25, 2012 after the decision was taken to start high-speed train operations.



In order to achieve speeds of 250-350km per hour (trains now run at a maximum speed of 120km per hour), new tracks will have to be laid. Six potential lines were identified, but only three are likely to take off due to the high cost.



In February, the Ministry of Railways and the Société Nationale des Chemins de Fer Français – the French national railways – announced that they would cooperate on the Mumbai-Ahmedabad High-Speed Rail project. If successful, it will cut travel time from eight hours to two.



Meanwhile, the other routes being considered include Delhi-Agra-Lucknow-Varanasi-Patna and Howrah (Kolkata)-Haldia.



However, roping in financial partners will be challenging. No date has been set for completion although the plans come under the Railway Vision 2020 programme.



Who it will benefit

Debjit Dutta, director, Impression Tourism Services, said the high-speed rail link between business cities would not only help corporate travellers but leisure tourists who did not like long waits for transit flights after landing in New Delhi and Mumbai.



“A fast-train connection to their final destination will save one night’s hotel stay each way,” he said.



Sanjay Kumar Jain, group general manager, Indian Railway Catering and Tourism Corporation, said: “High-speed trains will help cater to the business travel segment effectively. An increase in tourist traffic on such trains will be the icing on the cake.”



Who it will challenge

Jaal Shah, director of B2B global reservation system RezLive.com, said: “High-speed trains in the Ahmedabad-Mumbai sector will surely impact the low-cost carriers as most people will prefer trains, especially if the comfort level is on par or better. Hotel room nights will also suffer as many people will be able to finish their business during the day

and return by night.”



The need for speed

Investment Professionals Assess Future of Finance at CFA Institute Annual Conference

NEW YORK–(BUSINESS WIRE)–


Investment professionals from around the world will converge at Marina

Bay Sands in Singapore next week for the 66th

CFA Institute Annual Conference
,to

explore the challenges facing the industry and examine ways to help

shape the future of finance. On May 19-22, more than 1,200 award-winning

academics, economists, and business leaders will share ideas, expand

their professional competence, and join CFA Institute in its efforts to

restore trust in finance and raise standards in ethics, education and

professional excellence. This year marks the first time the event will

be hosted in the Asia Pacific region.



CFA Institute President and CEO John Rogers, CFA, will open the

conference this Monday at 9 a.m. SGT, with an address to the

global investment profession. The address will focus on how to

shape a more trustworthy financial industry that better serves society,

and a call for reform in six critical areas of finance: putting

investors first, financial knowledge, retirement security, transparency

and fairness, regulation and enforcement, and safeguarding the system.

To watch the live video of the speech, visit the Annual

Conference live stream
.



The conference will feature more than 35 scheduled presentations and

panels with 48 speakers, including Ng Kok Song, adviser and chair

of global investments, Government of Singapore Investment Corporation; George

Friedman,
CEO and founder, Stratfor; Dambisa Moyo,

international economist, author and investment strategist; and Michael

Woodford,
former president and CEO, Olympus Corporation.



Follow the conference via social media and live stream video throughout

the conference:



1. Watch live video stream – Visit http://annual.cfainstitute.org

to participate or the Annual

Conference live stream
to access any one of these free video feeds:




  • Monday, 9-9:20 a.m. SGT — “The Future of Finance Starts With You”
    John

    Rogers, CFA, president and CEO, CFA Institute




  • Monday, 9:35-10:35 a.m. SGT – “The Roaring Dragon: Global

    Investment Implications of a Rising China”

    Ng Kok Song,

    adviser and chair of Global Investments, Government of Singapore

    Investment Corporation; Jonathan Anderson, president of Emerging

    Advisors Group; John Wong, professorial fellow and academic advisor at

    East Asian Institute, National University of Singapore; and Wu

    Shangzhi, chairman and managing partner of CDH Investments




  • Tuesday, 10:30-11:20 a.m. SGT – “The Great Convergence: Asia, the

    West, and the Logic of One World”

    Kishore Mahbubani, dean and

    professor in the Practice of Public Policy, Lee Kuan Yew School of

    Public Policy, National University of Singapore




  • Wednesday, 11:30 a.m.-12:30 p.m. SGT – “Geography’s Role in Shaping

    History, Politics, Economics, and Societal Imperatives”

    George

    Friedman, CEO and founder, Stratfor



2. Check out the conference blog – Live blogging

from the conference begins on Sunday and posts will cover nearly all

conference topics. Follow the blog at http://annual.cfainstitute.org/blog/.



3. Follow conference social media – Visit the conference social

media page
to get a live pulse of the events in Singapore, from

Twitter, Facebook, Sina Weibo, Google+ and LinkedIn. Follow

conference-related tweets using the #CFA13 hash tag.



Asset Manager Code of Professional Conduct Workshop Examines

Ethical Conduct



Investment managers will gather this Sunday from 12:30-1:30 p.m. SGT for

the “Ethical

Conduct in Practice: The CFA Institute Asset Manager Code of

Professional Conduct
” panel discussion. The event will examine how

investment managers can commit to ethical principles that put client

interests first by adopting the Asset Manager Code of Professional

Conduct. The session will be led by Michael G. Trotsky, CFA, executive

director and chief investment officer of the Massachusetts Pension

Reserves Investment Management Board; Lim Liying, CFA, chief investment

officer of Singapore Labour Foundation; and Mohammed Shoaib, CFA, chief

executive of Al Meezan Investment Management Ltd.



‘Challenging Industry Norms’ Panel Weighs Future of Finance



The conference will feature the “Challenging

Industry Norms: The Future of Finance
” panel discussion on Wednesday

from 9-10:10 a.m. SGT. Chaired by John Rogers, CFA, president and CEO of

CFA Institute, Mark P. Delaney, CFA, chief investment officer and deputy

CEO of AustralianSuper; Fred Hu, chairman of Primavera Capital Group;

and Aaron Low, CFA, principal of Lumen Advisors, LLC, the panel will

discuss ways to shape a more trustworthy, forward-thinking financial

industry that better serves society.



EDITOR’S NOTES:



Media RSVP: Credentialed journalists may register now for one of

a limited number of press passes. Please contact betty.wong@cfainstitute.org

to register and learn more about live, phone or video interviews with

conference speakers, attendees, sponsors, and CFA Institute leaders.



Full Program: A detailed program and agenda is available here.



About CFA Institute



CFA Institute is the global association of investment professionals that

sets the standard for professional excellence and credentials. The

organization is a champion for ethical behavior in investment markets

and a respected source of knowledge in the global financial community.

The end goal: to create an environment where investors’ interests come

first, markets function at their best, and economies grow. CFA Institute

has more than 116,000 members in 137 countries and territories,

including 108,000 CFA charterholders, and 138 member societies. For more

information, visit www.cfainstitute.org.


 More cyber extortion cases in Singapore last year




Investment Professionals Assess Future of Finance at CFA Institute Annual Conference

Wednesday 15 May 2013

Jessica Alba is to host the Social Star Awards in Singapore.

Jessica – who presenting experience after fronting the 2006 MTV Movie Awards – said: “I’m thrilled to be co-hosting the first-ever Social Star Awards and look forward to seeing everyone in Singapore to celebrate these social media superstars.”

Paul Morrison and Drew Thomson – joint CEOs of Starcount, who are organising the event – said: “To have Jessica Alba presenting the Social Star Awards is an honour, which reflects the stature of our inaugural event and ensures that it will truly be a Hollywood A-list experience.


“All eyes will be on Singapore for this premiere of the Social Star Awards, and we’re looking forward to welcoming Jessica to curate an evening of global acceptances and incredible social moments, which will see the Social Star Awards take its place at the top table of global awards events.”


The ceremony has 12 awards up for grabs for stars from across a range of categories – including music, TV, film and sport – and will feature performances from the likes of Aerosmith, Cee Lo Green, PSY and Carly Rae Jepsen.


Also on the agenda are performances from some of the biggest stars on YouTube who have gone viral globally as a result of being viewed, shared and written about on Twitter.


The Social Star Awards will take place on May 23 and will be live streamed on YouTube.





Jessica Alba is to host the Social Star Awards in Singapore.

Singapore Cycling wants Tampines Bike Park to remain open for training


Singapore Cycling Federation has appealed to the authorities to allow the Tampines Bike Park to continue operations until the 2015 SEA Games, so that local athletes can train.





Singapore Cycling Federation has appealed to the authorities to allow the Tampines Bike Park to continue operations until the 2015 SEA Games.











  • bb44b 1384193120001 2384232281001 vs 51939e61e4b0870b96659ebf 1592194047001 Taichungs first 5 star hotel offers luxury deals




SINGAPORE: Singapore Cycling Federation has appealed to the authorities to allow the Tampines Bike Park to continue operations until the 2015 SEA Games, so that local athletes can train.


Last week, Channel NewsAsia reported that the facility will close down soon, to make way for redevelopment.


The Asian Cycling Confederation BMX Championships will be held in Singapore this weekend.


Some 50 riders from nine countries will be at the Tampines Bike Park competing for honours.


Among them are Singapore’s Nur Nasthasia Nadiah and Muhammad Sallehin.


Medal prospect Nadiah has a liking for the park, as she had competed there during the 2010 Youth Olympic Games.


“It was quite heartbreaking for me because this is the only training ground that I have for racing. But I do have doubts about them promising a new track,” she said.


Singapore Cycling Federation feels the Tampines facility should be made available for a few more years.


Mr Suhaimi Sadi, president of Singapore Cycling Federation, said: “We are talking with SSC about the possibility of retaining this place and, of course SSC will talk to other agencies pertaining to this training ground. We would love to see that because at least there is a legacy from 2010 Youth Olympics, this year the Asian Confederations Championships and two years later, the Singapore SEA Games. It will be a great exposure for Tampines Bike Park.”


Organisers of the Asian BMX championship said staging the event at the park will raise the sport’s profile and garner more fans.




Singapore Cycling wants Tampines Bike Park to remain open for training

Singapore joins effort against tax evasion - The Business Times

THE global clampdown on cross-border tax evasion has moved up a notch, with key financial centres in Europe pressed of late to lift the veil on banking secrecy and Singapore’s announcement this week of new curbs to combat the tax offences.


Austria – the last country holding out on the European Union’s proposed rules on bank information sharing – is now said to be leaning towards compliance, after Luxembourg – its longtime ally – caved in recently and pledged to join the automatic data exchange from 2015. Automatic exchange of information on taxpayers and depositors would better allow tax authorities to spot tax evasion or illicit money flows – and with government coffers in the red across the continent, EU finance ministers would want to claw back every cent that is properly theirs. The EU wants now to bring the region’s money havens in line too, and is pushing for Switzerland, Liechtenstein, San Marino, Andorra and Monaco to – in the name of fighting fraud – surrender bank data and ditch their enshrined secrecy. The Swiss government has – so far – given a guarded response.


Singapore, with healthy surpluses, shares similar concerns about the need for greater transparency in the financial sector, particularly to ensure that what is parked at or flows through the banks here are not undeclared assets or ill-gotten funds. It has come up with a no-holds-barred four-pronged approach to combat financial fraud. First, it will extend information exchange on tax details under a global standard to all existing tax agreement partners without having to renegotiate the tax pacts. Singapore will also sign up to an international multilateral treaty on cooperation in tax matters. With these two measures, the number of countries with which Singapore can exchange information will more than double to 83, from 41. Another significant move will see the taxman no longer having to seek a court order to obtain bank and trust information when requested by other countries. As well, Singapore will sign a deal with the United States to enable financial institutions here to comply with a new US law, the Foreign Account Tax Compliance Act (FATCA).


The new measures have been hailed by the Organisation of Economic Cooperation and Development as “very significant”, and roundly lauded by industry players. While strict banking confidentiality laws may earlier have helped build up Singapore’s credentials as a wealth management centre, and indeed may have been a bastion of many a tax haven elsewhere, today’s new normal global finance, with vast flows of cross-border funds, demands greater, not less, openness in well-regulated regimes. Far from deterring investors, the new measures will add to Singapore’s reputation as a clean and efficient financial centre with the highest standards of integrity. And for FATCA-bound banks, a Singapore-US government deal will lower compliance costs as well.



Singapore joins effort against tax evasion - The Business Times