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.
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.
Speaking at a public lecture on 7 November at SMU, Nobel-winning economist Paul Krugman said that President Obama needs to stand firm on the looming "fiscal cliff" issue of the United States. Scheduled to take effect in January, the cliff is a package of tax increases and spending cuts that will reduce the country's huge fiscal deficit but which would also suck billions of dollars out of the world's biggest economy.
Citing the data of the latest Singapore Index of Inflation Expections released by SMU, which showed that Singapore consumers are expecting a higher rate of inflation compared to a quarter ago, the editor noted a few Government initiatives implemented to curb inflation, such as MAS' policy of appreciating the Singapore dollar, encouraging firms to increase productivity, and giving financial assistance to the low-income group. The editor felt that besides relying on the usual currency appreciating policies, the relevant authorities should also take another look at the causes of the inflation.
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”.
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