Monthly Archives: May 2016

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What are Free Trade Agreements (FTAs)?

On May 31, 2016, Posted by , In Singapore,Singapore Tax,Tax, By ,,,,,, , With Comments Off on What are Free Trade Agreements (FTAs)?

What are Free Trade Agreements (FTAs)? FTAs are treaties between two or more economies to bring closer economic integration by reducing or removing trade barriers, encouraging and promoting businesses to trade regionally and internationally. FTAs can potentially reduce one of the cost components – import duties, which could make your exports…

More firms allowed on New Third Board

On May 29, 2016, Posted by , In China,China Companies,China Corporates, By ,,,,,, , With Comments Off on More firms allowed on New Third Board

The China Securities Regulatory Commission (CSRC) said on Friday, 27th May 2016, that it will resume listings of financial institutions, including private equity, on its Over-The-Counter (OTC) New Third Board – The NEEQ market. The regulator suspended the fundraising of financial institutions on the NEEQ market in January, on concerns of fund misuse such…

Apple Pay comes to Singapore

On May 28, 2016, Posted by , In Singapore,Tech,USA, With Comments Off on Apple Pay comes to Singapore

Apple fans in Singapore have waited long for this. The mobile payment service is now available to customers of five major banks in Singapore, including OCBC, Standard Chartered and DBS, which translates to the largest market share in credit and debit cards in the country. Apple Pay allows users to…

A Reminder on Anti-Money Laundering and Countering of Financing Terrorism

The Monetary Authority of Singapore (MAS) announced on Tuesday, May 24 that it has ordered the closure of BSI Bank in Singapore over serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff. BSI Bank has also been fined…

We are moving..

On May 24, 2016, Posted by , In Uncategorized, With Comments Off on We are moving..

Dear Valued Clients, Partners and Associates, We would like to inform you that our business address will be changed to “30 Raffles Place, Level 17 Chevron House, Singapore 048622” with effect from 1st June 2016. As always, we will continue to serve you with the same dedication and quality. It…

Singapore signed MOU with the Eurasian Economic Commission (EEC)

On May 20, 2016, Posted by , In Singapore, By ,,,, , With Comments Off on Singapore signed MOU with the Eurasian Economic Commission (EEC)

On Wednesday, Singapore signed a memorandum of understanding with the Eurasian Economic Commission (EEC) in a move aimed at bolstering economic ties and closer collaboration in areas such as customs administration and information technology. ECC is the executive regulatory body of the Eurasian Economic Union, which comprises Russia, Armenia, Belarus, Kazakhstan…

Migrate to Australia? Check the new 2016-17 Skilled Occupations List (SOL)

On May 19, 2016, Posted by , In Australia,Immigration,PR, With Comments Off on Migrate to Australia? Check the new 2016-17 Skilled Occupations List (SOL)

The Australian federal government has released its updated Skilled Occupation List (SOL) for the year 2016-17, which will come into effect on July 1, 2016. As with previous years, some of the roles have been trimmed and others have been added after the review of the skilled occupations list to…

Boosting China’s Overseas M&A Push by Simpler Merger Code

On May 19, 2016, Posted by , In China,China Companies,China Corporates,Compliance,Consulting,Legal, By ,,,,,,, , With Comments Off on Boosting China’s Overseas M&A Push by Simpler Merger Code

Simpler Merger Code Proposed China is planning to remove the need for State Council approval for large, sensitive outbound deals and to allow Chinese companies to vie for the same target, that is likely to further boost record overseas acquisitions by Chinese companies. The draft rules aimed at speeding up…

What does the new SEC rules mean for Crowdfunding in the States?

On May 15, 2016, Posted by , In Compliance,Legal,startups,Tech,USA, By ,,,,,,,,, , With Comments Off on What does the new SEC rules mean for Crowdfunding in the States?

New Crowdfunding Rules New crowdfunding rules taking effect on Monday will let anyone invest in startups, where startups raising money through online crowdfunding portals will be able to sell shares to people regardless of their wealth or income so long as the founders have submitted annual financial reports to the Securities and Exchange Commission…

New FinTech Bridge between UK and Singapore

On May 14, 2016, Posted by , In Compliance,Legal,Singapore,startups,Tech,UK, By ,,,,,,,,,,,, , With Comments Off on New FinTech Bridge between UK and Singapore

New FinTech bridge between UK FinTech firms and Singaporean FinTech companies Singaporean officials and FinTech companies gathered with UK FinTech companies on 11th May 2016 to celebrate the launch of the UK’s first ever FinTech Bridge, which included the signing of a regulatory cooperation agreement between the Financial Conduct Authority…