Om Mani Padme Hum
- wong chee tat :)
Monday, March 30, 2015
Singapore Savings Bonds for Individual Investors
Singapore Savings Bonds for Individual Investors
Singapore, 30 March 2015…The Monetary Authority of Singapore (MAS) today provided more information on the features of Singapore Savings Bonds. This followed Senior Minister of State Mrs Josephine Teo’s announcement that the Government and MAS would introduce the Savings Bonds programme to provide individual investors with a long-term savings option that offers safe returns . This will expand the range of simple, low-cost investment options available to individual investors to help them meet their long-term financial goals and retirement needs.
2 Singapore Savings Bonds are backed by the Singapore Government, with features that make them accessible and suitable to individual investors:
i. Principal guaranteed: Investors will always get their investment amount back in full. In other words, they will not suffer any capital losses.
ii. Term of ten years: This allows individuals to save for the long term and receive higher long-term interest rates (which comprise what investors call “term-premium”).
iii. Step-up interest: Investors will earn interest that is linked to long-term Singapore Government Securities (SGS) rates. Unlike SGS that pay the same coupon each year, Savings Bonds will pay coupons that “step-up” or increase over time. As a result, the average interest rate is higher the longer the Savings Bonds are held.
iv. Monthly issuance: This makes Savings Bonds accessible on a regular basis.
v. Flexible redemption: Bond-holders can choose to get their money back in any given month, with no penalty. This means that individual investors do not have to decide upfront how long they wish to invest.
vi. Small minimum investment amount: A minimum of $500, and in subsequent multiples of $500 up to a limit to be announced later. A limit will help to maximise participation and to ensure a broad reach.
vii. Only individuals can apply for and hold Savings Bonds.
3 A factsheet summarising the features of the Savings Bonds is available in the Annex.
4 MAS expects to launch the Savings Bonds programme in the second half of 2015. MAS will provide information on how to apply for Savings Bonds closer to the launch date.
- wong chee tat :)
Singapore, 30 March 2015…The Monetary Authority of Singapore (MAS) today provided more information on the features of Singapore Savings Bonds. This followed Senior Minister of State Mrs Josephine Teo’s announcement that the Government and MAS would introduce the Savings Bonds programme to provide individual investors with a long-term savings option that offers safe returns . This will expand the range of simple, low-cost investment options available to individual investors to help them meet their long-term financial goals and retirement needs.
2 Singapore Savings Bonds are backed by the Singapore Government, with features that make them accessible and suitable to individual investors:
i. Principal guaranteed: Investors will always get their investment amount back in full. In other words, they will not suffer any capital losses.
ii. Term of ten years: This allows individuals to save for the long term and receive higher long-term interest rates (which comprise what investors call “term-premium”).
iii. Step-up interest: Investors will earn interest that is linked to long-term Singapore Government Securities (SGS) rates. Unlike SGS that pay the same coupon each year, Savings Bonds will pay coupons that “step-up” or increase over time. As a result, the average interest rate is higher the longer the Savings Bonds are held.
iv. Monthly issuance: This makes Savings Bonds accessible on a regular basis.
v. Flexible redemption: Bond-holders can choose to get their money back in any given month, with no penalty. This means that individual investors do not have to decide upfront how long they wish to invest.
vi. Small minimum investment amount: A minimum of $500, and in subsequent multiples of $500 up to a limit to be announced later. A limit will help to maximise participation and to ensure a broad reach.
vii. Only individuals can apply for and hold Savings Bonds.
3 A factsheet summarising the features of the Savings Bonds is available in the Annex.
4 MAS expects to launch the Savings Bonds programme in the second half of 2015. MAS will provide information on how to apply for Savings Bonds closer to the launch date.
- wong chee tat :)
Details on savings bonds for individual investors released
Details on savings bonds for individual investors released
POSTED: 30 Mar 2015 16:00
UPDATED: 30 Mar 2015 16:05
The Singapore Savings Bonds programme will be launched in the second half of this year, and investors can put in a minimum sum of S$500, says the Monetary Authority of Singapore.
SINGAPORE: More details have been released on the proposed Singapore Savings Bonds for individual investors.
In a news release on Monday (Mar 30), the Monetary Authority of Singapore (MAS) said the Savings Bonds programme - which will only be available for individuals - will be launched in the second half of this year.
Investors can put in a minimum of S$500, and in subsequent multiples of S$500, for 10 years. There will be a limit to the total investment amount so that it can maximise participation and to ensure a broad reach, said MAS.
Investors can opt for a monthly issuance of their money, and they can choose to withdraw all of their money any time, with no penalty. This means investors need not have to decide upfront on how long they wish to invest.
Those in the Savings Bonds programme will earn interest that is linked to long-term Singapore Government Securities rates. The Savings Bonds’ interest rates will increase over time. This means the average interest rate will be higher the longer the Savings Bonds are held.
Furthermore, the Savings Bonds programme is principal-guaranteed, which means investors will always get their investment amount back in full.
The MAS said it will provide information on how to apply for the Savings Bonds programme closer to the launch date.
- CNA/xq
- wong chee tat :)
POSTED: 30 Mar 2015 16:00
UPDATED: 30 Mar 2015 16:05
The Singapore Savings Bonds programme will be launched in the second half of this year, and investors can put in a minimum sum of S$500, says the Monetary Authority of Singapore.
SINGAPORE: More details have been released on the proposed Singapore Savings Bonds for individual investors.
In a news release on Monday (Mar 30), the Monetary Authority of Singapore (MAS) said the Savings Bonds programme - which will only be available for individuals - will be launched in the second half of this year.
Investors can put in a minimum of S$500, and in subsequent multiples of S$500, for 10 years. There will be a limit to the total investment amount so that it can maximise participation and to ensure a broad reach, said MAS.
Investors can opt for a monthly issuance of their money, and they can choose to withdraw all of their money any time, with no penalty. This means investors need not have to decide upfront on how long they wish to invest.
Those in the Savings Bonds programme will earn interest that is linked to long-term Singapore Government Securities rates. The Savings Bonds’ interest rates will increase over time. This means the average interest rate will be higher the longer the Savings Bonds are held.
Furthermore, the Savings Bonds programme is principal-guaranteed, which means investors will always get their investment amount back in full.
The MAS said it will provide information on how to apply for the Savings Bonds programme closer to the launch date.
- CNA/xq
- wong chee tat :)
Revised Subletting Policy for HDB Industrial Properties
Revised Subletting Policy for HDB Industrial Properties
Date issued : 30 Mar 2015
From 1 Jun 2015, new and existing tenants of HDB industrial properties will not be allowed to sublet their industrial properties. Tenants with existing approved subletting arrangements will be allowed to renew their subletting agreements up to 31 Dec 2017, to give them time to make business adjustments. The revised subletting policy will better support industrialists in operating their core businesses, and enable more productive use of scarce industrial land in Singapore.
Revised Subletting Policy
2HDB manages close to 12,000 industrial properties island-wide, including workshops, warehouses and factories. Majority (about 98%) are rented out on 1-, 2- or 3-year term tenancies. Currently, tenants of HDB industrial properties are allowed to sublet up to 50% of their factory floor space. About 380 tenants, or approximately 3% of the total number of tenants, are currently subletting space in their industrial properties.
3The main purpose of HDB’s industrial space is to support industrialists in operating their core businesses. To better achieve this intent, HDB will be revising its subletting policy for industrial properties. From 1 Jun 2015, all new and existing tenants will not be allowed to sublet their industrial properties. This revision also seeks to promote more responsible and productive use of scarce industrial land, by encouraging tenants to rent only the amount of space that they need. This change will also align HDB’s subletting policy for industrial properties with that of other government agencies such as JTC Corporation.
4To ease the transition, tenants with existing approved subletting agreements may renew their subletting agreements up to 31 Dec 2017. Thereafter, they will not be allowed to sublet their properties. Tenants with excess space are encouraged to right-size their factories to smaller units, and can renew their tenancy with HDB for a lower quantum at the end of their current term.
5Tenants who are currently subletting their premises to their wholly-owned subsidiaries or related companies will not be affected by this policy revision, and may continue their subletting arrangement.
“Related companies” refers to: a. Subtenant is wholly-owned by the tenant or vice versa; b. Percentage shareholding relationship (not including common individual directors and shareholders) between the tenant and the subtenant is at least 51%; or c. Tenant and subtenant are 100% owned by the same parent company.
6HDB industrial tenants can call 1800-866-3077 for further enquiries on the revised policy.
- wong chee tat :)
Date issued : 30 Mar 2015
From 1 Jun 2015, new and existing tenants of HDB industrial properties will not be allowed to sublet their industrial properties. Tenants with existing approved subletting arrangements will be allowed to renew their subletting agreements up to 31 Dec 2017, to give them time to make business adjustments. The revised subletting policy will better support industrialists in operating their core businesses, and enable more productive use of scarce industrial land in Singapore.
Revised Subletting Policy
2HDB manages close to 12,000 industrial properties island-wide, including workshops, warehouses and factories. Majority (about 98%) are rented out on 1-, 2- or 3-year term tenancies. Currently, tenants of HDB industrial properties are allowed to sublet up to 50% of their factory floor space. About 380 tenants, or approximately 3% of the total number of tenants, are currently subletting space in their industrial properties.
3The main purpose of HDB’s industrial space is to support industrialists in operating their core businesses. To better achieve this intent, HDB will be revising its subletting policy for industrial properties. From 1 Jun 2015, all new and existing tenants will not be allowed to sublet their industrial properties. This revision also seeks to promote more responsible and productive use of scarce industrial land, by encouraging tenants to rent only the amount of space that they need. This change will also align HDB’s subletting policy for industrial properties with that of other government agencies such as JTC Corporation.
4To ease the transition, tenants with existing approved subletting agreements may renew their subletting agreements up to 31 Dec 2017. Thereafter, they will not be allowed to sublet their properties. Tenants with excess space are encouraged to right-size their factories to smaller units, and can renew their tenancy with HDB for a lower quantum at the end of their current term.
5Tenants who are currently subletting their premises to their wholly-owned subsidiaries or related companies will not be affected by this policy revision, and may continue their subletting arrangement.
“Related companies” refers to: a. Subtenant is wholly-owned by the tenant or vice versa; b. Percentage shareholding relationship (not including common individual directors and shareholders) between the tenant and the subtenant is at least 51%; or c. Tenant and subtenant are 100% owned by the same parent company.
6HDB industrial tenants can call 1800-866-3077 for further enquiries on the revised policy.
- wong chee tat :)
Subscribe to:
Posts (Atom)