Singapore, Singapore, S’pore…
Yes, the city has been talked about in the investor community, but that region is on our radar.
Did you know that Singapore is the “Republic of Singapore”, and is a sovereign city-state as is Rome, London, and Washington DC?
Additionally, the City-State has the largest port in the region, one of the busiest in the world and some people think Singapore and Hong Kong appear to be competing for the a new global gold price benchmark (with the assistance of the most famous gold investors Mr. Jim Sinclair), see the newly announced opening of the Shanghai Gold Exchange (SGE). Those investors are hoping to see global gold price competition between London and New York on the one hand and the increasingly powerful eastern hubs of Singapore, Shanghai and Beijing on the other.
Asia is dynamic, with territorial disputes, shift of power (banking/commerce) from WEST to EAST, greatest energy consumption, and many other commercial elements that the Bankers have identified for claiming the Asia Pacific region will become the center of finance. Who would know about the global economic reset, but the central bankers themselves? When the bankers are talking about headquarters moving to the EAST then it should be taken seriously as a plan they are pursuing.
Note: George Osborne announced that the UK is to be the first Western, or non- China, state to issue a renminbi bond, fueling the speculation in the potential of the RMB to become the main global reserves currency.
The top five financial centers, according to GFCI – Global Financial Centres Index, are London, NY, Hong Kong, Singapore and Zurich.
Our Malaysia interest was kindled after the Kuala Lumpur 9/11 Tribunal.
Now, most of the Western world is interested in Malaysia most likely due to the recent Malaysia Airliner mishaps MH370 and MH017. The obvious question for criminal investigators and researchers should be was there a geopolitical connection?
We have not ruled this possibility out.
Asia’s use of the RMB and the emergence of the BRICS’ version of Society for Worldwide Interbank Financial Telecommunication (SWIFT) financial transaction system, offers a financial leadership platform not located in the WEST.
The global monetary system could effectively be “reset” in the EAST, with the BRICS and SCO nations driving the enthusiasm for it. London apparently is preparing with their recent RMB agreements with China.
Something BIG is happening and we need your help in finding what it is. Keep keen awareness on the finance ministers, G20 Summit, nations’ foreign currency reserves, BRICS, central banks, and money activities in general.
You know the Maxim “Follow the Money” in criminal investigations. ~Ron
Legal community urged to cater to needs of financial institutions
IT is very important for Singapore’s legal sector to be able to cater to the needs of banks and financial institutions as the Republic further develops as one of the top five financial centres in the world.
Law Minister K Shanmugam made this point at Friday’s launch of the National University of Singapore’s NUS Centre for Banking & Finance Law.
He said that the banking and financial sector is one of the key planks of the Singapore economy – contributing about 12 per cent of the nation’s gross domestic product and creating just under 200,000 jobs. The Republic is home to 200 banks and 700 financial institutions.
READ FULL: singaporelawwatch.sg
Sydney losing battle to become a leading financial centre
By James Eyers September 25, 2014
Sydney is failing in its quest to become a global financial centre, with a new report showing it has quickly fallen behind big Asian cities in a world ranking, raising questions about the efficacy of the federal government’s tax settings and levels of regulation.
The interim report of the financial system inquiry being chaired by David Murray said “coordination of Australia’s international financial integration could be improved”.
According to the Global Financial Centres Index, published by the Z/Yen Group this week, Sydney is ranked 23rd in a global survey of desirable global financial centres.
S’pore enhances role as top offshore renminbi centre
New yuan futures contract, supported by Bank of China, will start trading on S’pore Exchange next month
SINGAPORE — The Republic’s position as one of the major offshore renminbi (RMB) centres will receive another boost come next month as a new yuan futures contract, supported by the Bank of China (BOC), will start trading on the Singapore Exchange (SGX), amid a surge in global demand for trading and products denominated in the Chinese currency.
The RMB market here has grown strongly following the launch of RMB clearing arrangements in May last year, noted Senior Minister of State (Finance and Transport) Josephine Teo. RMB deposits in Singapore have increased from 138 billion yuan (S$28.4 billion) in June last year to 254 billion yuan (S$52.3 billion) a year later, statistics by the Monetary Authority of Singapore showed.
READ FULL: todayonline.com