Blog

Another fraud by EFG bank

(Strict actions are needed against it) In this article, we are going to talk about one of the famous banks of Europe which has deep roots all around Europe. It is considered as the most vastly spread banking network on an international level, as it has forty branches across the world. Around 3000 employees are...

Gallery & Co’s management firm ceased operations amid impact from COVID-19, supplier claims unsettled payment of S$12,000 since last year

Gallery & Co’s management firm, By AndCo Pte Ltd, has terminated its operations after more than four years of operating the museum store with the National Gallery Singapore, following the impact brought about by the coronavirus pandemic on the tourism and retail sector. By AndCo released a statement on Facebook yesterday (7 Aug) stating that the business...

Japan FSA to Ease Administrative Procedures for Foreign Entrants

ByEditors, Regulation Asia Published on 31st August 2020 The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.  Japan’s FSA (Financial Services Agency) is planning to allowing applications for approval and registration to be submitted in English, speed up the processing time and...

CSRC Grants BlackRock Approval For Fully-owned Mutual Fund Unit

ByEditors, Regulation Asia Published on 31st August 2020 The approval makes the BlackRock the first foreign financial institution to receive approval to set up a wholly-owned mutual fund unit in China.  The CSRC (China Securities Regulatory Commission) has granted approval to BlackRock allowing it to set up a wholly-owned mutual fund unit in the country. BlackRock applied for a mutual...

Trade-based Money Laundering: Avoiding Murky Waters

ByJamil Ahmed, HSBC Singapore Published on 31st August 2020 HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks. Trade and the exchange of – not just objects but ideas, philosophies, religions and ideologies – have captivated people since Marco Polo first chronicled his...

STB plans to ease travel restrictions to allow more business and leisure visitors into the country

  STB is also in talks with the government to expand green lane arrangements to a wider range of visitors  by Lia Cai 6 August 2020 in Business   4 min read Singapore plans to ease restrictions on the movement of business and leisure visitors into the country, as the nation that is heavily dependent on tourism has seen a hard...

MAS says it will continue welcome global talent to complement workforce; but employers must “hire in a responsible manner and commit to growing the local talent pool”

 by S.Ling 13 August 2020 in Business 5 min read We have to remain open and will continue to welcome global talent that complement our workforce, however employers must hire in a responsible manner and commit to growing the local talent pool, said the Monetary Authority of Singapore (MAS) on Wednesday (12 Aug). This was addressed by MAS deputy...

SPH retrenches 140 employees amid impact from COVID-19

This marks the third round of retrenchment exercise made by SPH in three years  by Aldgra F. 19 August 2020 in Business, Current Affairs 2 min read About 140 staff members of Singapore Press Holdings (SPH) for media sales division and magazines will be laid off, as part of the firm’s restructuring efforts amid the COVID-19 pandemic. SPH stated on...