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Further consolidation seen for S'pore market in near term

THE Singapore equity market could continue to consolidate for another few months to a year amid a global slowdown and regulatory changes, executives of Taiwanese merchant bank China Development Financial Holding Corp (CDFH) said on Monday. But the country's strong fundamentals will pay off when the recovery arrives, they added. CDFH securities arm KGI Group is buying Singapore-based AmFraser...


Rosy mid-year picture for Maybank

MAYBANK Singapore mirrored the performance of its parent for the first half-year, delivering a pre-tax profit of $209.1 million, up 5.6 per cent. At the group level, Maybank achieved a 5.7 per cent rise in pre-tax profit to RM4.45 billion (S$1.76 billion) for the six months ended June 30, on continued growth in its international operations, particularly in Singapore, and consumer banking...


CPFIS funds post 3.73% Q2 gain

THE roughly 300 investment funds approved by the Central Provident Fund (CPF) continued to do well this year amid liquidity from central banks and low volatility. The average fund under the CPF Investment Scheme (CPFIS) posted a 3.73 per cent return in the three-month period ended June 2014.They gained 11.82 per cent for the 12-month period to June, and 16.68 per cent for the 36-month period to...


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