Daily Archives: October 22, 2018

22Oct

Singapore CPF conspire drives Asia in Global Pension Index

SINGAPORE’S Central Provident Fund (CPF) annuity framework is best in Asia again because of proceeded with changes, yet more should be possible to enhance its standing, such as raising the age at which individuals can get to their investment funds, as per Mercer’s Global Pension Index.

Singapore scored a B review, moving to 70.4 of every 2018 from 69.4 of every 2017 – which itself was a change from the 67.0 out of 2016 – because of enhancements in the maintainability sub-file. In the sub-records, the Republic scored a C+ for sufficiency, B for supportability and A for respectability.

Singapore’s general B review – imparted to countries including Finland, Australia and Norway – is characterized as “a framework that has a sound structure, with numerous great highlights, however has a few zones for development that separates it from an A-review framework”.

“Having a standout amongst the most created annuity conspires in Asia, Singapore has kept on making enhancements through the CPF by giving greater adaptability to its individuals,” said Mercer’s executive of vital research, development markets, Garry Hawker.

Notwithstanding, he included that the general list an incentive for Singapore’s CPF could be additionally enhanced by “diminishing the hindrances to setting up assessment affirmed gather corporate retirement designs; opening CPF to non-lasting occupants; and expanding the age at which CPF individuals can get to their reserve funds that are put aside for retirement”

A typical quality crosswise over outcomes from every one of the 34 nations reviewed was the growing pressure among ampleness and supportability.

David Knox, the examination’s creator and senior accomplice at Mercer Australia, said the regular beginning spot to having a world class annuity framework is guaranteeing the “right harmony among ampleness and manageability”.

“It’s a test that policymakers are pondering,” said Dr Knox. “For instance, a framework giving exceptionally liberal advantages in the here and now is probably not going to be feasible, though a framework that is practical over numerous years could be giving extremely unassuming advantages. The inquiry is – what’s a suitable exchange off?” he said.

Singapore Fintech Festival draws $8.54b ventures for ASEAN endeavors

Speculation allotments were amassed in fintech, human services, medicinal innovation, and ICT areas.

The Singapore Fintech Festival recorded 380 members in the occasion’s arrangement making stage where financial specialists demonstrated their goals to contribute up to a sum of $8.54b (US$6.2b) for ASEAN undertakings by 2019, the Monetary Authority of Singapore (MAS) uncovered.

Financial specialists likewise reserved an extra $8.26b (US$6b) over the resulting two years.

Another stage that clergymen and matches ASEAN undertakings with worldwide private value and funding firms, Meet ASEAN’s Talents and Champions (MATCH) or, in other words EY empowered in excess of 17,000 matches between the 380 taking an interest financial specialists and 840 ventures.

“The enthusiasm of the worldwide venture network in our district is promising,” MAS overseeing chief Jacqueline Loh said. “MATCH shows an awesome chance to guarantee that private capital is sent towards the advancement of promising ASEAN undertakings.”

In view of the result, taking an interest financial specialists demonstrated the most enthusiasm for new businesses and development organize ventures, with around 60% of the proposed ASEAN speculation allotment for the following year moved in FinTech, social insurance, and restorative innovation, and in addition the data and correspondences innovation segments.

The matchmaking exercise for endeavors and speculators was led from May to September 2018.

22Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices settled a touch lower on Friday on profit-taking from recent gains, but a weaker dollar and geopolitical worries still helped bullion coast to a third weekly gain. Based on current sentiment, market bulls appeared on track with their aim to take out the $1,250 resistance by next week, traders said. In Friday’s trade, the the dollar index fell 0.3%, helping gold run up initially as a contrarian bet.
  • Canadian government funding for Arcelor Mittal is the first of a series of steps the country will take to support the steel industry amid a tariff fight with the U.S., Canada’s industry minister says. Navdeep Bains announced on Friday funding of up to C$49.9 million ($38 million), a mix of grants and loans, as part of a C$205 million modernization project at the Hamilton, Ontario plant of the Luxembourg-based steelmaker’s Canadian unit, Arcelor Mittal Dofasco.
  • The conflicting themes were on display as Brent, the global benchmark for oil, posted a drop of nearly 1% on the week, while WTI had a weekly loss of 3%. Some think WTI will return to its recent perch above $70 per barrel and dismiss this week’s tumble as aberration, or simply profit-taking, ahead of the expiry of its front-month November contract on Monday. “Despite the weakness into contract expiration, nothing has changed,” said Phil Flynn, an analyst at Chicago’s Price Futures Group, who’s typically bullish on oil. He referred to an earlier 3% selloff in WTI on Aug. 15, which he said was ahead of contract expiration as well.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China’s new home prices increased at a firm pace in September, supported by gains in smaller cities and showing the market remained resilient despite pressures from softer investment, a slowing economy and government curbs on the sector. Average new home prices in China’s 70 major cities rose 0.9 percent in September from a month earlier, Reuters calculated from official data published on Saturday, slower than the previous month’s reading of 1.4 percent, which was the fastest growth in two years.
  • Moody’s on Friday cut Italy’s sovereign debt rating to one notch above junk status because of concerns over government budget plans, but in a move that could calm investor anxiety, it said the outlook was stable. Moody’s lowered the rating to “Baa3” from a previous “Baa2” just five months after warning of a possible downgrade for the eurozone’s third-largest economy.
  •  When is a currency manipulator not a currency manipulator? When it’s your friend. That’s the best conclusion to draw from the U.S. Treasury Department’s latest report on the macroeconomic and foreign-exchange policies of major trading partners, handed up to Congress Wednesday. Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!

COMEX GOLD SIGNAL

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