Business English Lesson – Advanced Level''''s archiveSingapore Banking pptx

Business English Lesson – Advanced Level's archive
Singapore Banking
1. Mahesh Kini of HSBC says that a stable government is
committed to Singapore's multi growth by focusing
on various sectors.

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2. Singapore's 2006 budget outlines many for
businesses operating in Singapore in the financial and
related sectors.

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3. In the is the Integrated Resorts project, a large
entertainment complex featuring casinos, amusement
parks, hotels, and convention centres, which is due to
open in 2010.

ballpark
blueprint
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pipeline
4. Such large government-backed initiatives and the drive
to create a new tourism hub in Singapore well for
the large tourism industry, which saw nine million tourists
arrive on Singapore's shores in the past year.

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5. The MAS, in a step to liberalise commercial banking in
Singapore, has provided qualifying full bank status to
some foreign banks to provide a full of financial
services to individuals and corporates and issued
wholesale bank status to a number of foreign banks to
serve commercial customers.

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6. Singapore is also seeing a trend to establish global
treasury centres; Singapore's infrastructure, political
stability and favourable time zone, located centrally in the
Asia-Pacific region, have greatly benefited multinational
corporations in supporting a global cash

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7. Another growing trend is for companies to their
supply chain and cash management to attain greater
efficiencies.

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8. Singapore's finance industry has fully Internet
technology and is capitalising on this phenomenon to the
fullest extent as a relatively inexpensive distribution and
delivery medium to grow market share and improve
profitability.

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9. Besides online banking services, these banks as well as
other companies that act as intermediaries and ,
have developed business-to-business, business-to-
consumers, and even person-to-person transaction
service initiatives.

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10. Singapore has one of the highest Internet rates
worldwide and all major banks provide Internet banking
platforms and many also provide host-to-host capabilities
to link up to companies' back-office operations for file
transfers.

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