PR-inside.com, 1 Dec 2008
Singapore 30 November, 2008 - Many of the world's rich are abandoning traditional tax havens for Singapore with funds from China, Indonesia and India dominating the bulk of the city-state's private banking business, Zetland Fiduciary Group says in a recent report.
Singapore's private banking assets under management have grown over the past few years by an average of 20 percent per annum to reach an estimated US$200 billion, according to the Monetary Authority of Singapore.
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