Monday 29 August 2011
Federal Reserve Chairman Ben Bernanke held off from offering more stimulus to help economic growth
The gold on the COMEX rose 2.5% to USD 1,841.50 an ounce before trading up USD 19.20, or 1.1% at USD 1,816.50. Silver also rose 0.5% to USD 41.20 an ounce.
Gold has fallen as much as 11% from its all-time high of USD 1,917.90 on Aug 23 as equities rebounded.
Bernanke said in a speech at Jackson Hole, Wyoming, on August 26 that the central bank still has tools to stimulate the economy, without providing details or signalling when or whether policy makers might deploy them.
Japan's finance minister to be new PM.
Noda appears to be a safe pair of hands to lead the world's third-biggest economy but there are serious doubts whether he will have sufficient support to tackle Japan's myriad economic woes, lift it out of decades of stagnation and cope with a nuclear crisis.
The 54-year-old Noda, who defeated Trade Minister Banri Kaieda in a run-off vote in the ruling party, must deal with a resurgent yen that threatens exports, forge a new energy policy while ending the worst nuclear crisis since Chernobyl, and find funds to rebuild from the March 11 tsunami at a time when huge public debt has already triggered a credit downgrade.
"Noda has inherited all the same problems -- a divided parliament, a divided party, a strong yen, a Tohoku (northeastern Japan) desperate for progress on reconstruction and an early end to the nuclear crisis," said Jeffrey Kingston, director of Asian Studies at Temple University's Japan campus.
NSE to launch Global Indices S&P 500, Dow Jones futures from 29 Aug
 |
| Dow jones |
index are being introduced and listed on an exchange outside of their home country, the US.
In order to encourage active participation in the futures and options (F&O) contracts, NSE has decided that it would not levy any transaction charges on the trades done in the
contracts from the date of commencement till 29 February, 2012.
The new contracts will include futures on both the DJIA and the S&P 500 and options on the S&P 500, it added.NSE would launch four quarterly futures contracts on S&P 500 and DJIA expiring in March, June, September and December.
The expiry date for these contracts will be the third Friday of the respective contract month.
“We are proud and happy that we have been able to provide these unique products on an Indian trading platform. We have been continuously trying to bring new products and asset classes, to meet investor needs.
“Derivative contracts on these global indices will provide Indian investors easy access to US markets in Indian market hours, without taking any currency risk,” NSE Managing Director and Chief Executive Ravi Narain said.
The rupee denominated derivative contracts on S&P and the DJIA introduced by NSE would provide Indian investors with easier access to gain exposure to the US equity market.
All the members of the equity derivatives segment of NSE shall be able to trade this product for themselves and their clients, through their existing trading, clearing and risk management infrastructure, with no additional investment.
The settlement guarantee currently available in the F&O segment shall be automatically extended to these products as well.In late June, NSE said it has got market regulator Sebi’s approval to launch derivative contracts on these two US indices. Sebi had released the regulatory framework for such
products in January.
This Week Is Likely To Provide More disagreeable situation
While what Bernanke might promise in his speech was getting all the attention, still more individual reports this week for July and August indicated the very weak economy of the first half slowed still further in July and August.
This week’s reports were that the Chicago Fed’s National Business Activity Index remained negative in July. And its 3-month moving average improved only very slightly to minus –0.3 from minus –0.5, remaining just fractionally above the minus –0.7 that has marked the beginning of all the recessions since 1970.
New home sales fell again in July, for the 3rd straight month, and June’s sales were revised down to a decline of 2.9% instead of the previous report of a decline of 1%.
Durable Goods Orders rose 4% in July versus the consensus forecast for a rise of 2%. But the important number economists were looking for was orders excluding aircraft and defense orders, in other words spending in the general economy. The consensus forecast was for a rise of 0.5% in orders excluding aircraft and defense. It was thought that anything less than that would point to a further loss of economic momentum having taken place in July even before the debt-ceiling debacle and stock market sell-off cratered consumer and business confidence further in August. And this week’s report was that excluding aircraft and defense orders, durable goods orders actually fell by 1.5% in July.
New unemployment claims rose by 5,000 last week to 417,000, and the previous week’s claims were revised up to 412,000 from the originally reported 408,000. The four-week moving average rose by 4,000 to 407,500.
Yesterday, GDP growth for the 2nd quarter was revised down to just 1.0% from the dismal 1.3% initially reported.
And it was reported that the Thomson Reuters/University of Michigan’s Consumer Sentiment Index fell to 55.7 in August, from 63.7 in July (and from 76 in June), not good news for consumer and business spending going forward.
But next week will be an even more important week for data, including from the housing industry and the jobs situation, areas we haven’t had data from for several weeks.
The reports will include Pending Home Sales, the Case/Shiller Home Price Index, Consumer Income and Spending, the ADP Jobs Report for August, the Chicago PMI Index, the ISM Mfg Index, Factory Orders, Construction Spending, Productivity, Auto Sales, and culminating with the Labor Department’s Employment Report for August on Friday.
Sunday 28 August 2011
World Economic Growth for Q2 downgraded
The economy got a downgrade for the second quarter but it was in line with expectations. The Commerce Department’s second estimate for second quarter GDP growth was nudged down to a modest gain of 1.0 percent annualized, compared to the initial estimate of 1.3 percent and to first quarter growth of 0.4 percent. Analysts had projected a revision to 1.1 percent annualized.
The downward revision to GDP primarily reflected downward revisions to private inventory investment and to exports. These were partly offset by upward revisions to nonresidential fixed investment and to personal consumption expenditures.Final sales of domestic product were revised to an annualized 1.2 percent from the initial estimate of 1.1 percent. Final sales to domestic purchasers were revised up to 1.1 percent from the original estimate of 0.5 percent annualized.
Economy-wide inflation was revised up marginally to 2.4 percent annualized, compared to the original estimate of 2.3 percent and the first quarter rise of 2.5 percent. The consensus forecast was for 2.3 percent.While GDP growth was revised down, the more important measure of momentum—final sales—were revised up slightly but are still sluggish.
Durables orders show surprising strength:
The timing could not have been better with increased concern about the health of the manufacturing sector. A monthly surge in new orders for motor vehicles & parts, the best in eight years, headlined a strong durable goods report for July. New orders for durable goods surged 4.0 percent in the month with the motor vehicle component up 11.5 percent in what appears to be the hoped for snapback from an earlier shortage of Japanese parts. Aircraft orders, which nearly always show wide month-to-month swings, rose 43 percent and together with motor vehicles made for a 14.6 percent jump in the transportation category.
Excluding transportation, new orders rose a solid 0.7 percent following 0.6 and 0.8 percent gains in the two prior months.
However, new orders for nondefense capital goods softened with a 1.5 percent dip in July, following gains of 0.6 percent and 1.9 percent in June and May, respectively. Still, shipments of nondefense capital goods rose 0.2 percent in July, following a 1.9 percent boost in June and 1.7 percent jump in May. July’s shipments are at a strong level, indicating a healthy gain in the third quarter for business equipment, exports or both.
40% chance of Recession in us 2012
"An economy expanding at a subpar rate is less resilient in the face of adverse shocks. That is, the country's economy is a plane flying slowly and close to the ground.
The debt crisis in Europe is threatening to push the economy closer to the edge of recession.
Meanwhile, banks are not lending that much in the United States, the country still remains scarred from the debt-ceiling impasse, housing prices are sagging and more political battles will arise over fiscal spending.
Policy makers haven't prepared for this type of recovery, Reinhart says. "The risk is that the foundation for sustained expansion after that pain has not been set."
Banks across the globe have been cutting growth forecasts for this year and next, but many stop short of making outright predictions for recessions.
Economists at UBS are calling for 3.3 percent global gross domestic product growth in 2012, down from their earlier estimate of 3.8 percent, while Citigroup experts cut their forecast for next year to 3.2 percent from 3.7 percent, Citywire, a U.K. financial publishing group, reports.
"Overall GDP growth in the major advanced economies already has been below average for three quarters, and growth is likely to remain sluggish in coming quarters,"
The U.S. economy faces a risk of falling back into recession and the Federal Reserve might need to consider a new round of securities purchases to deal with it, even though it isn't in a strong position to address a slowdown, three former top officials at the central bank said.
In an exclusive interview this week with The Wall Street Journal, Donald Kohn, Vincent Reinhart and Brian Madigan--the last three directors of the Fed's powerful monetary affairs division--put the risk of a new economic contraction at between 20% and 40%. Madigan and Kohn said the Fed should consider a third round of bond purchases only if inflation slows from recent elevated levels and if the economy continues to underperform. But they cautioned a new purchase program, dubbed QE3 for a third round of quantitative easing, wouldn't represent a cure-all.
Madigan, who advises Barclays Capital and teaches at Georgetown University after retiring from the central bank a year ago, said the Fed's $600 billion bond purchases that ended in June had a "relatively modest" positive effect on the economy. "Purchases of that order of magnitude could be helpful at the margin," he said in his first public interview since leaving the key position at the Fed.
Kohn was the most optimistic, saying the odds of a new recession following the severe downturn of 2008 and 2009 stood around 20%. Kohn, the Fed's No. 2 official until September 2010, said he still believes the economic slowdown in the first half was mainly due to temporary factors such as high food and gasoline prices and the impact of Japan's earthquake on the global supply chain. But even he is starting to lose faith in the idea that temporary factors are behind it.
Fears that a new recession may be around the corner are hitting global financial markets. U.S. consumers cut spending in June at the fastest pace in nearly two years, raising concerns that the economy is stalling largely because of underlying weakness following the financial crisis, not one-off factors. Economists have started to downgrade their forecasts for faster growth in the second half, after gross domestic product rose by less than 1% in the first six months of the year.
Kohn said the Fed still has some options to support the economy, but "they're kind of limited." He said he expects the central bank, which holds a policy meeting Aug. 9, to wait and see whether the recovery is really losing steam before taking any action. If that is the case--and inflation is coming down-- then he would give "very serious consideration" to a new round of bond purchases, he said.
The ex-officials all cautioned a new purchase program wouldn't represent a cure-all, "but in those circumstances, I think it's up to the central bank to do what it can to help around the edges," said Kohn, now a scholar at the Brookings Institution.
The bond purchases can help the economy by keeping borrowing rates, which are tied to U.S. Treasurys, low and by driving investors to riskier assets such as stocks. But the purchases have been attacked by Republicans at home and foreign government officials for fear they will spark runaway inflation and could lead the U.S. dollar to lose too much value.
Fed Chairman Ben Bernanke told Congress last month that he is prepared to act if economic weakness persists. But he also has signaled that, in order to buy more bonds, the Fed must see a risk of deflation. Though there have been hints that consumer prices are cooling off, many measures of inflation remain above the Fed's informal target of close to 2.0%.
The U.S. government's jobs report for July, to be released Friday, is expected to show the unemployment rate to have remained at a lofty 9.2%. Total nonfarm payrolls are forecast to have increased by only 75,000 last month, with continued layoffs seen in state and local governments.
While relieved that a government default was avoided, the former Fed officials were critical of a deal approved by Congress on Tuesday that allows the government to borrow more now in exchange for budget-deficit cuts of as much as $2.4 trillion over the next decade.
Reinhart, who said he gives Congress "a very low grade" like most Americans, believes the odds of a credit downgrade by rating companies haven't changed following the debt deal. Standard & Poor's was looking for 10-year budget cuts of $4.0 trillion to confirm the U.S.'s top-notch AAA rating.
Jan Lokpal Draft &Government’s Draft
Scam master due to Coalition Dharma and they can't help to get Lokpal due to which their PM has to
reply for scam issues.Government always claimed that PM is free from every scam issue so why they fear to have Lokpal draft which gives power to Lokpal & accountability to PM.We need a Law under which all Scam Master can be booked & answerable to people of India.It's very much clear from government stand on Lokpal that they are fighting against people on India on Lokpal.
reply for scam issues.Government always claimed that PM is free from every scam issue so why they fear to have Lokpal draft which gives power to Lokpal & accountability to PM.We need a Law under which all Scam Master can be booked & answerable to people of India.It's very much clear from government stand on Lokpal that they are fighting against people on India on Lokpal.
| Jan Lokpal Draft | Government’s Draft |
| Lokpal should have power to investigate allegations of corruption against PM | PM kept out of Lokpal’s purview Special safeguards provided against frivolous & mischievous complaints |
| Lokpal should have power to investigate Judiciary kept out of Lokpal’s purview. | Special safeguards provided against frivolous & mischievous complaints allegations of corruption against Judiciary. |
Jan Lokpal VS Govt. Lokpal
Provides illegitimate protection to the corrupt officials?
If a citizen complains against a govt officer’s corruption to Lokpal…
•Govt officer can file a Cross Complaint directly to the Special Court without Preliminary Enquiry that whether complain was frivolous
•Govt officer given free advocate while the Citizen has to defend himself
•If complain proved frivolous citizen gets minimum 2 years jail
•If corruption of Govt officer proved – gets minimum 6 months jail.[Section 50,51 of Govt Bill]
Pro-accused investigation process?
After preliminary enquiry, accused given a hearing before filing an FIR to explain why an FIR should not be registered against him.
After completion of investigations, presented evidence & again given a hearing to explain why a case should not be filed in the court
During investigations, if investigations are to be started against any new persons, they too would be presented with evidence against them & given hearing Increased risk to whistleblowers
Nowhere else in the world is Criminal Jurisprudence like this!.[Section 23, 24 of Govt Bill]
If a citizen complains against a govt officer’s corruption to Lokpal…
•Govt officer can file a Cross Complaint directly to the Special Court without Preliminary Enquiry that whether complain was frivolous
•Govt officer given free advocate while the Citizen has to defend himself
•If complain proved frivolous citizen gets minimum 2 years jail
•If corruption of Govt officer proved – gets minimum 6 months jail.[Section 50,51 of Govt Bill]
Pro-accused investigation process?
After preliminary enquiry, accused given a hearing before filing an FIR to explain why an FIR should not be registered against him.
After completion of investigations, presented evidence & again given a hearing to explain why a case should not be filed in the court
During investigations, if investigations are to be started against any new persons, they too would be presented with evidence against them & given hearing Increased risk to whistleblowers
Nowhere else in the world is Criminal Jurisprudence like this!.[Section 23, 24 of Govt Bill]
Anna Hazare breaks fast after 12 Days relived.
The 74-year-old Gandhian accepted a glass of tender coconut water mixed with honey from a Dalit and a Muslim girl -- Simran and Ikrah -- at 10:20 am on the dais at the Ramlila Ground ending over 288 hours of fast that began on August 16.
After a brief address, Hazare was driven straight to Medanta Medicity run by eminent cardiologist Dr Naresh Trehan who was attending to him along with his team during his entire period of fast. Hazare will stay in the hospital for two-three days.
"I have only suspended my agitation. I will not rest until all the changes that I look to are achieved," he said to a thunderous applause from thousands of his supporters waving tricolour and shouting slogans like 'Anna Hazare Zindabad'.
Flanked by his team members, including Shanti Bhushan, Prashant Bhushan, Arvind Kejriwal, Kiran Bedi and Manish Sisodia, Hazare said what has been achieved in Parliament yesterday is a victory of the people of India, democracy and those assembled in Ramlila Ground.
Maintaining that People's Parliament is bigger than "Parliament in Delhi", Hazare said that is why the Parliament had to listen to people's Parliament.
"This movement has created a faith that the country can be rid of corruption and we can go ahead with implementing laws and the Constitution made by Dr. B.R. Ambedkar," he said.
Referring to Parliament's decision to refer three of his demands - Citizen's charter, inclusion of lower bureaucracy and creation of Lokayuktas through Lokpal bill - for Standing Committee's consideration, he said, the country can be proud of this moment. Thirteen days of agitation has yielded fruits, he said.
Friday 26 August 2011
FD Rate around the world
Time Deposit Rates around the World
Time Deposit Rates around the World
| Term Deposit | Account Details | Type | Currency | APR* | |
|---|---|---|---|---|---|
HSBC Vietnam 1 Year Time Deposit | These interest rates are applicable for a 12 month / 1 year term and require minimum deposit of VND10,000,000. The rate varies according to the following amounts deposited below with Interest received monthly. < VND1bio 13.17% >= VND1bio and < VND2bio 13.17% >= VND2bio and < VND3bio 13.17% >= VND3bio 13.17% | time | VND | 13.17% | Aug, 2011 |
Garanti 1 Year Time Deposit | Interest rate applies for a 12 month / 1 year deposit for a balance ranging between 500 to 100.000,00 TL for the 'TL E-Time Deposit Account' | time | TRY | 9.50% | Aug, 2011 |
Ziraat Bankasi Time Deposit | - Rates are applicable for deposits of 5 000- 20 000* TL for 12 months. | time | TRY | 7.50% | Aug, 2011 |
HSBC Turkey 1 Year Time Deposit | The Interest rate for this YTL/TRY deposit applies for a 12 month / 1 year term ranging from 365-385 days. | time | TRY | 7.50% | Aug, 2011 |
National Bank of Egypt Time Deposit | Rate is for the period is applicable for greater then one year and less than two year. | time | EGP | 6.50% | Aug, 2011 |
Mandiri Time deposit | Rate applies for 12 months for a Mandiri Rupiah deposit between >=100Jt - <500Jt | time | IDR | 6.00% | Aug, 2011 |
BNI Term Deposit | Rate applies for 12 months for a BNI Bank Negara Indonesia Rupiah deposit <100 Juta | time | IDR | 6,00% | Aug, 2011 |
Citibank Indonesia 1 Year Time Deposit | The interest for this time deposit is for a 1 year / 12 month term with interest is paid monthly. The currency used is the Indonesian rupiah and the interest rate varies with deposit amounts:less than 50 Mio - 3.20% greater then or equal to 50 Mio - 3.44% greater then or equal 100 Mio - 3.44% greater then or equal 200 Mio - 4.89% greater then or equal 500 Mio - 5.13% greater then or equal 1 Bio - 5.37% | time | IDR | 5.37% | Aug, 2011 |
Banco Estado 1 Year Time Deposit | The interest rate for this deposit account product 'Servicio Telefónico' is for 360 days or approximately 12 months / 1 year and requires a minimum deposit if $ 5,000 Peso | time | CLP | 5.28% | Aug, 2011 |
HSBC Indonesia 1 Year Time Deposit | Rates for indonesian Rupiah for 12 months/1 year will vary by amount including: < 50,000,000 4.25% 50,000,000 - 99,999,999 4.50% 100,000,000 - 249,999,999 4.75% >= 250,000,000 5.00% | time | IDR | 5.00% | Aug, 2011 |
Kyongnam Bank Time deposit | Rate is applicable for a 1 year term for the 'e-Money Deposit' account type. | time | KRW | 4.30% | Aug, 2011 |
Allied Bank 1 Year Term deposit | Interest Rate is determined by the amount deposited over a 12 month/1 year period. Account requires initial deposit of 1,000 Peso. 10,000 - 99,999.99 1.625% 100,000 -299,999.99 2.125% 300,000 - 499,999.99 2.250% 500,000 - 999,999.99 2.375% 1MM - 4.99MM 3.125% 5MM - 9.99MM 3.250% 10MM AND ABOVE 3.625% | time | PHP | 3.625% | Aug, 2011 |
Bank of China 1 Year Time Deposit | eligibility - Singapore citizen, permanent resident, foreigner who holds employment pass, work permit or student pass with valid ID and passport. This Rate is for a 12 month deposit. | time | RMB | 3.50% | Aug, 2011 |
Industrial Bank 1 Year Time Deposit | Rates are applicable for this RMB Deposit for 1 year. | time | RMB | 3.50% | Aug, 2011 |
ICBC 1 Year Time Deposit | The annual interest rate applicable is for a 12 month / 1 year term | time | RMB | 3.50% | Aug, 2011 |
China Construction Bank 1 Year Time Deposit | The deposit interest rate % applicable is for a 12 month / 1 year term. | time | RMB | 3.50% | Aug, 2011 |
AgBank 1 Year Time Deposit | Interest Rate applicable for this Agricultural Bank of China RMB time deposit account is for a 12 month / 1 year period of time. | time | RMB | 3.50% | Aug, 2011 |
HSBC China CNY 1 Year Time Deposit | The Renminbi time deposit rate percentage is for a 12 month / 1 year timeframe and is the percentage per annum before tax. For this interest rate the minimum requirement balance for personal banking customers is RMB50 | time | CNY | 3.500% | Aug, 2011 |
UnionBank 1 Year Time Deposit | Interest Rate % is applicable for 12 months for the following amounts amounts deposited 50,000.00-299,999.99 2.650% 300,000.00-999,999.99 2.750% 1,000,000.00-1,999,999.99 2.850% 2,000,000.00-2,999,999.99 2.950% 3000,000.00-4,999,999.99 3.050% 5,000,000 and over 3.250% | time | PHP | 3.250% | Aug, 2011 |
Bank of Communications 1 Year Time Deposit | This deposit interest rate is for a 12 month / 1 year term. | time | RMB | 3.25% | Jun, 2011 |
HSBC Malaysia 1 Year Time Deposit | The interest rate is for a 12 month / 1 year term with the Minimum deposit amount for deposits of 12 months and above - RM1,000. | time | MYR | 3.15% | Aug, 2011 |
Citibank Malaysia 1 Year Time Deposit | The interest rate for this time deposit is for a 12 month / 1 year period. | time | MYR | 3.15% | Aug, 2011 |
PNB 1 Year Time Deposit | The interest rate applies to Peso time deposits that range 181 - 360 day. The rates vary according to the amount deposited below:Peso Balances 10,000-49,999 1.875% 50,000-249,999 2.00% 250,000-499,999 2.625% 500,000-999,999 2.750% 1,000,000-4,999,999 2.875% 5,000,000 and greater 3.00% | time | PHP | 3.00% | Aug, 2011 |
HSBC Korea 1 Year Time Deposit | Interest rate is for a 1 year / 12 month deposit with a minimum of 1 million won | time | KRW | 2.67% | Aug, 2011 |
ING DiBa Time Deposit | Rate is applicable for 12 months for the deposit amount of 50,000 | time | EUR | 2.50% | Aug, 2011 |
BPI Time Deposit | - Rate is for a 'Regular Time Deposit (Peso)' deposit of > 50K to less than 100K and for 364 days. | time | PHP | 2.25% | Aug, 2011 |
Ixe Time Deposit | Rate is applicable for the 'Plus Ixe' investment product and for balances between $ 1,000.00 and $9,999.99 and 364 days. | time | MXN | 2.00% | Feb, 2011 |
Metrobank Time Deposit | The time deposit td interest rate is a for a deposit of 50,000 to 199,999 Peso and applies for a term between 182 - 364 days. | time | PHP | 2.00% | Aug, 2011 |
Bank of Taiwan Time Deposit | Rate is applicable for the term for a year to under two years for this fixed interest rate. | time | TWD | 1.38% | Aug, 2011 |
HSBC Taiwan 1 Year Time Deposit | The interest rate applies to the 'Time Deposit-Fixed Rates' product for a 1 year / 12 month term and varies for the following TWD deposit amounts: Under 3 million - 1.32% 3 million and above - 0.55% | time | TWD | 1.32% | Aug, 2011 |
Citibank Taiwan 1 Year TWD Time Deposit | This interest rate for this fixed rate Citibank 1 Year Taiwan Dollar time deposit requires a minimum of 50,000.00 | time | TWD | 1.23% | Aug, 2011 |
Citi IPB 1 Year EUR Time Deposit | The EUR or Euro time deposit interest rate for a 12 month / 1 year period and is applicable for:Balances from 16,000 to 80,999 - 1.01% | time | EUR | 1.01% | Aug, 2011 |
National Bank of Greece Time Deposit | - Rate from the 'FLEXIBLE TIME' account and balance in Euro must be between - 50,000.01 – 150,000. - Interest on interest-earning accounts is calculated on an actual/360 day basis. | time | EUR | 1.00% | Aug, 2011 |
Standard Chartered Bank Hong Kong 1 Year Time Deposit | Interest rate is for a 1 year / 12 month term and is applicable to new fund or existing funding converted from HKD deposit deposit to foreign currency, in foreigh currency account, minimum balance is HK 100,000 equivalent. | time | HKD | 0.80% | Aug, 2011 |
UBS Switzerland 1 Year Time Deposit | Deposit requires a minimum of 5000 CHF and is applicable for a 1 year and 1 day term. | time | CHF | 0.500% | Aug, 2011 |
OCBC Time Deposit | - Rate is for deposits >$20,000 - S$50,000 and period 12 – 15 mths | time | SGD | 0.45% | Aug, 2011 |
HSBC Singapore 1 Year Time Deposit | This HSBC Singapore deposit interest rate is for a 12 month / 1 year term and require a minimum of 5,000 SGD to open a time deposit account. | time | SGD | 0.41% | Aug, 2011 |
Standard Chartered Bank Singapore 1 Year Time Deposit | This Standard Chartered deposit interest rate is for a 12 month / 1 year term and requires a minimum of 5000 SGD. | time | SGD | 0.35% | Aug, 2011 |
Citibank Singapore 1 Year Time Deposit | Interest rate for this time deposit is for a 12 month / 1 year term period and requires a minimum 10,000 SGD | time | SGD | 0.25% | Aug, 2011 |
ICBC Macau 1 Year Time Deposit | Interest Rate is for a 1 year / 12 month term and requires a minimum initial deposit of MOP/HKD 10,000 | time | MOP | 0.25% | Aug, 2011 |
Hang Seng Bank 1 Year Time Deposit | Rate is applicable for the 'e-deposit' product from 10,000 to 99,999 HKD for a 1 year / 12 month period. | time | HKD | 0.20% | Aug, 2011 |
Credit Suisse Time Deposit | - Rate is for deposits of from CHF 50,000.00 and for 12 months. | time | CHF | 0.17% | Aug, 2011 |
Citibank Japan Time Deposit | Rate is applicable for the 'Oguchi Teiki' deposit account over a 1 year term and the Minimum deposit amount for Oguchi Teiki is 10,000,000 Yen. | time | JPY | 0.050% | Aug, 2011 |
Bank of East Asia 1 Year Time Deposit | Minimum deposit of 30,000 to 399,999 HKD for this interest rate for a 12 month / 1 year term. | time | HKD | 0.05% | Aug, 2011 |
Citi IPB 1 Year USD Time Deposit | This USD interest rate for this time deposit is for a 12 month / 1 year timeframe and is applicable for: Balances of 20,000 to 99,999 | time | USD | 0.04% | Aug, 2011 |
SMBC Time Deposit | Rate is applicable for the 'Regularly scheduled super-large' Yen deposit for the prime rate of less than 300 million yen and for a 1 year period. | time | JPY | 0.030% | Aug, 2011 |
MUFG Time Deposit | Rate is applicable for more than one year less than two years for this yen date specified deposit | time | JPY | 0.02% | Aug, 2011 |
Income Tax Act
I | |
II | |
III | |
IV | |
V | |
VI | |
VI-A | |
VI-B | |
VII | |
VIII | |
IX | |
X | |
XI | |
XII | |
XII-A | |
XII-B | |
XII-C | |
XII-D | |
XII-E | |
XII-F | |
XII-G | |
XII-H | |
XIII | |
XIV | |
XIV-A | |
XIV-B | |
XV | |
XVI | |
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XIX | |
XIX-A | |
XIX-B | |
XX | |
XX-A | |
XX-B | |
XX-C | |
XXI | |
XXII | |
XXII-A | |
XXII-B | |
XXIII |
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