30 September 14 | The Business Times by ANDREA SOH
SINGAPORE Exchange will start trading of its gold futures in two weeks.The contract will be launched on Oct 13, amid stiff competition in the region. SGX had said in June that the contract could start trading as early as September.CME Group, the largest futures operator globally, will be launching a physically deliverable gold futures contract in Hong Kong in the fourth quarter of this year,...
29 September 14 | The Straits Times by MOK FEI FEI
AN OCBC Bank mobile app launched six months ago has attracted several thousand new customers.
The app lets people apply for the 360 Account using just their mobile phone or tablet, cutting out the need to visit a branch.
Since the app's April launch, around 8,000 people have used it to open an account - about 15 per cent of the bank's 60,000 new 360 Accounts over the same six-month period.
26 September 14 | The Straits Times by MOK FEI FEI
TENS of thousands of investors could benefit from new rules that have cut the cost of investing Central Provident Fund (CPF) money in approved funds.
The CPF Board said yesterday that it will place a lower cap on the total expense ratio for unit trusts and investment-linked insurance products under the CPF Investment Scheme (CPFIS).
Reductions of between 0.2 and 0.3 percentage point will be...