Monthly archive

Underscoring the importance of the internal audit function, the Securities Investors Association of Singapore (SIAS) yesterday entered into a tripartite relationship with the Institute of Internal Auditors Singapore (IIAS) and SMU to launch an Internal Audit Excellence Award (IAEA), as a new category of its SIAS Annual Investors' Choice Awards.

At an event at SMU, Dr Tony Tan warned of the danger of closing the doors of our higher education to foreigners as this will impede collaborated research and affect the international standing of our universities.

Dr Tony Tan, speaking at the Sim Kee Boon Institute for Financial Economics Public Lecture Series, pointed out the dangers of a Singaporeans Only policy against a Singaporeans First policy.

Nobel-Prize winning economist Paul Krugman spoke to the media at the sidelines of the SMU Sim Kee Boon Institute public lecture. He advised re-elected President Barack Obama to “hang tough” when facing the January fiscal cliff deadline, where US$600 billion in higher taxes and reduced spending automatically becomes enacted as law. Prof Krugman also said that a Republican Congress and Democratic Party-controlled Senate would unlikely be able to arrive at a compromise on the fiscal cliff and other new major legislation.

Speaking at the [SMU] Sim Kee Boon Institute for Financial Economics public lecture on 7 November, Nobel Prize-winning Economist Professor Paul Krugman commented that the current financial crisis has its roots both in the banking sector and in the massive level of household debt. However, he said that although the United States has in place some of the tools needed to avert another financial crisis, more has to be done.

Nobel-Prize winning economist Paul Krugman was the speaker at the SMU Sim Kee Boon Institute for Financial Economics public lecture on Wednesday titled “Global Economic Outlook: Preventing the Next Crisis”. At the lecture, Prof Krugman highlighted the need for governments to adopt a more comprehensive financial reform. At a separate press conference, Prof Krugman commented on the developments of the US economy, as well as Barack Obama’s re-election into the White House.

Speaking at the SMU Sim Kee Boon Institute for Financial Economics public lecture entitled "Global Economic Outlook: Preventing the Next Crisis", Nobel-Prize winning economist Paul Krugman said that he expected the housing market problems in the US to be a trigger for another round of economic crisis. He also predicted that re-elected President Barrack Obama would take America out of the crisis, although there is still a need for him to implement financial reform.

SMU Sim Kee Boon Institute for Financial Economics (SKBI) released findings of the latest Singapore Index of Inflation Expectations (SInDEx) report it compiled, which indicated that Singapore consumers expect a higher rate of inflation than a quarter ago. SKBI Programme Director Aurobindo Ghosh said, “the rollout of expansionary monetary policies might have created a perception that ‘smart money’ will start flowing to financially and economically sound markets in Asia like Singapore”. He added that an expected influx of capital flows into Singapore may have led to the increase in both medium and long-term inflation expectations “particularly through the real estate sector”.

Singapore consumers are expecting a higher rate of inflation, as they perceive low interest rates and excess liquidity for the foreseeable future. The latest Singapore Index of Inflation Expectations, compiled by the SMU Sim Kee Boon Institute for Financial Economics and sponsored by MasterCard, shows that consumers polled in September expect overall inflation for the year ahead of 4.57 per cent. This is higher than their one-year inflation expectation of 4.45 per cent in June.

SMU Sim Kee Boon Institute for Financial Economics released findings of the latest Singapore Index of Inflation Expectations report which showed that Singapore households are expecting inflation to rise due to perceived low interest rate and excess liquidity in the future.