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POSBank
POSB Bank, often known as POSB, is a Singaporean bank offering consumer banking services and is the oldest local bank in continuous operation in Singapore. Established on 1 January 1877 as the Post Office Savings Bank,Consulton Research Bureau. (1977)The first hundred years of the Post Office Savings Bank of Singapore.Singapore: The Post Office Savings Bank, pp. 10–11. (Call No.: RSING 332.22095957 CON). Retrieved August 22, 2016. the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on 16 November 1998. Prior to its acquisition, the bank was a major public bank offering low-cost banking services to Singaporeans. DBS Bank attempts to continue this tradition by promising to keep costs low for basic savings accounts, and to exempt children, full-time students below the age of 21 years and full-time National Servicemen from bank charges. History Founded on 1 January 1877 as the Post Office Savings Bank (POSB), the bank was part of the ...
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DBS Bank
DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. It is one of the "Big Three" banks in Singapore, along with OCBC Bank and the United Overseas Bank (UOB). Listed on the Singapore Exchange, the bank was set up by the Government of Singapore on 16 July 1968 to take over the industrial financing activities from the Economic Development Board. Today, its more than 150 branches can be found throughout the country. DBS is the largest bank in Southeast Asia by assets and among the largest banks in Asia, with assets totaling about US$501 billion ( S$650 billion) as of 31 December 2019. It also holds market-dominant positions in c ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Straits Dollars
The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo. History In the early nineteenth century, the most common currency used in the East Indies was the Spanish dollar, including issues both from Spain and from the new world Spanish colonies, which for the East Indies emanated from the Philippines in the Spanish East Indies originating from Mexico and Peru as part of the Spanish colonial empire. Locally issued coinages included the Kelantan and Trengganu keping, and the Penang dollar. In 1826, the Indian rupee was made the sole official currency in the Straits Settlements, as it was administered as part of India. However, the Indian Rupee was unsuitable for trade and Spanish dollars continued to be used for trade. 1844 saw the authorization of copper coinage for the Straits Settlements using a syste ...
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Singapore Dollar
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and coins of the Singapore dollar. As of 2019, the Singapore dollar is the 13th-most traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam). Likewise, the Brunei dollar is also customarily accepted in Singapore. History The Spanish-American silver dollar brought over by the Manila galleons was in wide circulation in Asia and the Americas from the 16th to 19th centuries. From 1845 to 1939 the Straits Sett ...
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POSB Bugis MRT Station ATM
POSB may refer to any of the following: * POSB Bank POSB Bank, often known as POSB, is a Singaporean bank offering consumer banking services and is the oldest local bank in continuous operation in Singapore. Established on 1 January 1877 as the Post Office Savings Bank,Consulton Research Bureau. ... - a financial services provider in Singapore; formerly Post Office Savings Bank * People's Own Savings Bank - a savings bank in Zimbabwe; formerly Post Office Savings Bank {{Disambiguation ...
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POSB Newton Branch
POSB may refer to any of the following: * POSB Bank - a financial services provider in Singapore; formerly Post Office Savings Bank * People's Own Savings Bank People's Own Savings Bank (POSB), is a savings bank in Zimbabwe. It is one of the financial institutions, licensed and supervised by the Reserve Bank of Zimbabwe, the national banking regulator. , POSB had total assets valued at US$133.7 milli ...
- a savings bank in Zimbabwe; formerly Post Office Savings Bank {{Disambiguation ...
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Bras Basah Road
Bras Basah Road () is a one-way road in Singapore in the planning areas of Museum and Downtown Core. The road starts at the junction of Orchard Road and Handy Road, at the ERP gantry towards the Central Business District, and ends at the junction with Nicoll Highway, beyond which it becomes Raffles Boulevard. Several landmarks including Fairmont Singapore, Raffles Hotel, Singapore Art Museum, Cathedral of the Good Shepherd and the Singapore Management University are located along the road. A MRT station with the same name, Bras Basah MRT station, is on the Circle Line. Names Bras Basah ( Modern Spelling: Beras Basah) means "wet rice" in Malay – ''beras'' means harvested rice with husk removed, and ''basah'' means wet. The road is said to be so named because in the early days, a small river known as Fresh Water Stream or Sungei Bras Basah (Bras Basah River) used to exist here. The area was the gateway for boats that brought in tons of rice, and the rice may be laid on ...
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Ministry Of Information, Communications And The Arts (Singapore)
The Ministry of Communications and Information (MCI; ms, Kementerian Perhubungan dan Penerangan; zh, 通讯及新闻部; ta, தொடர்பு, தகவல் அமைச்சு) is a ministry of the Government of Singapore responsible for overseeing the development of the infocomm technology, cyber security, media sectors, as well as the government’s information and public communication policies. It is also responsible for maintaining the national library, national archives and public libraries. History On 5 June 1959, the Ministry of Culture came into being with the swearing-in and appointments of ministers of the new Government of Singapore. On 1 February 1980, the Broadcasting Division of the Ministry of Culture became a statutory board, the Singapore Broadcasting Corporation. 1985 saw the dissolution of the Ministry of Culture. Its Information Division came under the new Ministry of Communications and Information (MCI). Its arts promotion component was ...
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Statutory Boards Of The Singapore Government
The Statutory boards of the Government of Singapore are organisations that have been given autonomy to perform an operational function by legal statutes passed as Acts in parliament. The statutes define the purpose, rights and powers of the authority. They usually report to one specific ministry. This list includes both current and new statutory boards formed. Current statutory boards *Accounting and Corporate Regulatory Authority (ACRA) * Agency for Science, Technology and Research (A*STAR) * Board of Architects (BOA) *Building and Construction Authority (BCA) *Central Provident Fund Board (CPF) *Civil Aviation Authority of Singapore (CAAS) * Civil Service College (CSC) *Competition and Consumer Commission of Singapore (CCCS) * Council for Estate Agencies (CEA) * Defence Science and Technology Agency (DSTA) *Economic Development Board (EDB) *Energy Market Authority (EMA) *Enterprise Singapore (ESG) *Gambling Regulatory Authority of Singapore (GRA) * Government Technology Agency of ...
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NTUC Trade Union House
NTUC may mean: * National Trade Unions Confederation, national trade union center in Mauritius. * National Trades Union Congress, a national trade union centre in Singapore. ** NTUC Downtown East, an entertainment hub located in Pasir Ris, Singapore. ** NTUC FairPrice, a Singaporean supermarket chain. * National Trade Union Confederation (Cambodia), a trade union federation in Cambodia. * Nepal Trade Union Congress The Nepal Trade Union Congress (NTUC) a national trade union center in Nepal. Founded in 1947, it was the first and largest trade union confederation in country. The NTUC is politically linked with the Nepali Congress (NC). In 2008, the NTUC and ...
, a national trade union center in Nepal. {{disambig ...
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Goh Keng Swee
Goh Keng Swee (; 6 October 1918 – 14 May 2010), born Robert Goh Keng Swee, was a Singaporean politician who served as Deputy Prime Minister of Singapore between 1973 and 1985. Goh is widely recognised as one of the founding fathers of Singapore.. He was also one of the founders of the People's Action Party (PAP), which has governed the country continuously since independence. Goh was a prominent member of the country's first generation of political leaders after Singapore became independent in 1965. He served as Minister for Finance between 1959 and 1965, and again between 1967 and 1970, Minister for Interior and Defence between 1965 and 1967, Minister for Defence between 1970 and 1979 and Minister for Education between 1979 and 1985. As Minister for Interior and Defence, Goh's main objective was to strengthen the country's military and domestic security capabilities after the British had withdrawn its troops from the former British Crown colony, which made the newly-indep ...
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Ministry Of Finance (Singapore)
The Ministry of Finance (MOF; ms, Kementerian Kewangan; zh, 财政部; ta, நிதி அமைச்சு) is a ministry of the Government of Singapore responsible for managing the fiscal policies and the structure of the economy of Singapore. Responsibilities The authority's main regulatory statutes are Accountants Act, Accounting Standards Partnerships Act, Business Registration Act, Companies Act, Limited Partnerships Act and the Limited Liability Partnerships Act. The MOF ensures that businesses in Singapore are compatible with international standards and practices, in areas such as company law, accounting standards and corporate governance principles. Singapore Budget Every year, the MOF prepares the Singapore Budget and the Minister for Finance presents the Budget to the Parliament before the new financial year begins. The Budget includes the revised Government revenue and expenditure projections for the current financial year as well as the planned governmen ...
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