singapore - General & Misc - News

Appeal in Scammer's Case leads to new Sentencing Structure

A Taiwanese man convicted over his role as a runner in a cash laundering scam was sentenced to 51/2 years in jail on appeal, in a case that produced a sentencing framework for such offences in future.
Date: 11 December 2018; Type: Legal News; Source: Singapore Law Watch

Woman's Appeal over $25m Assets rejected

The top court dismissed a woman's appeal against a High Court decision which found she had tricked her husband into signing a deed of trust that would have left him a pauper and their infant son a millionaire.
Date: 03 December 2018; Type: Legal News; Source: Singapore Law Watch

Financial Industry shares Good Data Analytics use Cases to Fight Financial Crime

SINGAPORE, Nov 29 - The Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Industry Partnership (ACIP) launched a paper today to encourage greater adoption of Data Analytics (DA) solutions by financial institutions.
Date: 29 November 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

Singapore hosts 44th ASEAN Ports Association Meeting

The Maritime and Port Authority of Singapore (MPA) have hosted the 44th ASEAN Ports Association (APA) Meeting on 27 and 28 November 2018. The annual meeting was officially opened by the Chairman of MPA, Mr. Niam Chiang Meng, at the Conrad Centennial Hotel this morning.
Date: 27 November 2018; Type: Industry Updates; Source: Maritime and Port Authority

Court extends Hyflux Debt Moratorium to end of April 2019

Hyflux has convinced a Singapore High Court to extend its debt moratorium by four-and-a-half months to April 30 next year, despite arguments from some bank creditors that the insolvent firm should be kept on a tighter leash.
Date: 27 November 2018; Type: Legal News; Source: Singapore Law Watch

Goodluck Garden gets Court's nod for Sale despite Missteps by Committee, Advisers

The High Court granted a sale order to Goodluck Garden on Monday, making it the latest property to have its collective sale resolved by the courts, though the court also found several missteps in the sale process.
Date: 27 November 2018; Type: Legal News; Source: Singapore Law Watch

Bilateral Investment Treaty between Singapore and Kazakhstan to promote Stronger Economic Ties

Singapore and Kazakhstan strengthened economic ties with the exchange of a Bilateral Investment Treaty (BIT) today. The agreement was exchanged by Senior Minister of State for Trade and Industry Dr. Koh Poh Koon and Kazakhstan Minister for Investment and Development Zhenis Kassymbek, in the presence of Prime Minister Lee Hsien L ...
Date: 21 November 2018; Type: Legal News; Source: Ministry of Trade and Industry

MoneySense launches New Initiatives to improve Singaporeans' Financial Health

SINGAPORE, Nov 17 - Singaporeans will be able to take better charge of their financial well-being through new initiatives rolled out today by MoneySense, Singapore’s national financial education programme.
Date: 17 November 2018; Type: Legal News; Source: Monetary Authority of Singapore

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership enters into Force in December

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will enter into force on 30 December 2018, following the ratification by six Parties - Mexico, Japan, Singapore, New Zealand, Canada, and Australia. Vietnam is the seventh country to ratify the CPTPP.
Date: 20 November 2018; Type: Industry Updates; Source: Ministry of Trade and Industry

SCDF to get More Powers to identify Patients, carry out Job

Under changes proposed by the Civil Defence and Other Matters Bill, officers can obtain the fingerprints or personal information of an unconscious person in a medical emergency.
Date: 21 November 2018; Type: Legal News; Source: Singapore Law Watch

Lawyers from China on month-long attachment in Singapore

Lawyers from some top firms in China yesterday started a month-long attachment in Singapore for the first time to better understand the business prospects that each country offers.
Date: 20 November 2018; Type: Industry Updates; Source: Singapore Law Watch

Duplicate of MOM Website

The Ministry of Manpower has warned that there is a fake MOM website phishing for personal info - http://momgovsg.co.in. They have also urged people to use only the official MOM website at https://www.mom.gov.sg for all info and transactions on MOM matters.
Date: 05 November 2018; Type: Legal News; Source: Ministry of Manpower

Bank Indonesia and Monetary Authority of Singapore establish US$10 Billion Bilateral Financial Arrangement

Singapore, Nov 5 - Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have established a bilateral financial arrangement of USD 10 billion equivalent. The arrangement will enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability.  
Date: 05 November 2018; Type: Legal News; Source: Monetary Authority of Singapore

Inaugural Singapore-Chongqing Financial Summit unlocks Opportunities for Regional Financial and Infrastructure Connectivity

Chongqing, Nov 2  - More than 500 government officials, financial sector professionals and corporate leaders from China and Southeast Asia attended the inaugural China (Chongqing)-Singapore Connectivity Initiative Financial Summit (Summit) in Chongqing, China, today. The Summit presented collaboration opportunities on cross-border financial an ...
Date: 02 November 2018; Type: Industry Updates; Source: Monetary Authority of Singapore

Public Consultation on proposed 'Transformation' of the Civil Justice System

The Ministry of Law ('MinLaw') has invited views and comments on the recommendations made by the Civil Justice Review Committee (the 'CJRC') and the Civil Justice Commission (the 'CJC') to address 'the need to continue reviewing and improving the system to ensure that the costs and time needed to resolve a civil disput ...
Date: 02 November 2018; Type: Industry Updates; Source: Law Society of Singapore

MHA reviewing Exemption of Food Products containing Alcohol

The Liquor Control (Supply and Consumption) Act (LCA) was implemented in 2015 to restrict the sale of liquor at retail outlets and consumption of liquor in public places.
Date: 25 October 2018; Type: Legal News; Source: Ministry of Home Affairs

SIAC Signs Memorandum of Understanding with the Peking University Law School

The Singapore International Arbitration Centre (SIAC) has announced that it has entered into a Memorandum of Understanding (MOU) with the Peking University Law School (PKU LAW).
Date: 15 October 2018; Type: Industry Updates; Source: Singapore International Arbitration Centre

Singapore and Indonesia sign Bilateral Investment Treaty to promote Stronger Economic Ties

Singapore and Indonesia signed an Agreement on the Promotion and Protection of Investments, also known as the Bilateral Investment Treaty (BIT), at the Singapore-Indonesia Leaders’ Retreat in Bali, Indonesia, today. Minister for Trade and Industry Chan Chun Sing, who is attending the Leaders’ Retreat as part of the Singapore delegation, ...
Date: 11 October 2018; Type: Industry Updates; Source: Ministry of Trade and Industry

Community Mediation Centre achieves International Accreditation

The Community Mediation Centre (CMC) received international accreditation for its community mediation service and training, as it turns 20 this year. At its annual Mediators’ Appointment Ceremony and Appreciation Dinner, Senior Minister of State (SMS) for Law and Health Edwin Tong, thanked the CMC’s volunteer mediators for their contrib ...
Date: 05 October 2018; Type: Legal News; Source: Ministry of Law

Singapore Courts grant Disposal Orders for 1MDB Related Funds

SINGAPORE, Sept 10 (Bernama) - The Singapore State Courts have granted disposal orders in respect of monies that had been unlawfully misappropriated from the 1MDB and/or SRC International Sdn Bhd Group of Companies.
Date: 10 September 2018; Type: Legal News; Source: Bernama

INDUSTRY UPDATES

House Panel to probe 'Budget Anomalies' in January

MANILA, Dec 13 (PNA) - The House of Representatives rules committee will start its investigation on the alleged “budget anomalies and questionable allocations” by the Department of Budget and Management (DBM) on January 3, Majority Leader Rolando Andaya Jr. announced on Thursday.

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ASEAN launches Safe Migration Campaign

Jakarta, Dec 12 (ANTARA News) - The Association of Southeast Asian Nations (ASEAN) has launched a safe migration campaign to increase public awareness of the advantages of employing migrant workers.

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Nation celebrates Universal Declaration of Human Rights

Government agencies and diplomatic and international organisation representatives gathered in Vientiane to mark the 70th anniversary of the Universal Declaration of Human Rights and its lasting impact, which was supported by the United Nations, European Union and Australia.

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INDUSTRY UPDATES

SC welcomes Malaysia's Improved Ranking in Corporate Governance

KUALA LUMPUR, Dec 13 (Bernama) - The Securities Commission Malaysia (SC) is encouraged by the recognition of Malaysia's initiatives to improve corporate governance, which was a result of the collective effort by various stakeholders.

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INDUSTRY UPDATES

MyCC to identify Anti-Competitive Elements in Eggs Market

KUALA LUMPUR, Dec 13 (Bernama) - The Malaysia Competition Commission (MyCC) is working closely with the Ministry of Domestic Trade and Consumer Affairs (MDTCA) to identify any anti-competitive elements that may occur in the domestic market for chicken eggs.

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MITI, MIDA, Intel hold IoT Forum to review Progress

KUALA LUMPUR, Dec 12 (Bernama) - The Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA) and Intel Malaysia conducted the Internet of Things (IoT) Malaysia Forum 2018 yesterday to review IoT’s progress since its introduction five years ago.

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Unions request Government to set Workers’ Minimum Wage

Unions have asked the government to set the minimum wage for the construction and service sectors and to solve the five other major problems facing them, a statement released on International Human Rights Day on Monday said.

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Dewan Rakyat adjourns, Reform Agenda implemented - Speaker

KUALA LUMPUR, Dec 11 (Bernama) - The reform agenda of the Parliament was implemented at the second meeting of the first term of the 14th Parliament which came to a close today after sitting for 30 days since Oct 15.

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Court proposes Mediation in Theresa Kok's Suit against Jamal

KUALA LUMPUR, Dec 11 (Bernama) - The High Court today proposed that Primary Industries Minister Teresa Kok who filed a libel suit against Datuk Seri Jamal Md Yunos over alleged misuse of Yayasan Warisan Anak Selangor (Yawas) funds, resolve the case via mediation.

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Vietnam, Laos boost Judicial Cooperation

Hanoi, Dec 10 (VNA) - Vietnamese Minister of Justice Le Thanh Long and his Lao counterpart Xaysi Santivong agreed to work closely together to launch a bilateral cooperation programme for 2019, during their talks in Hanoi on December 10.

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Nation marks Constitution Day

BANGKOK, 10th December 2018 (NNT) - Today marks National Constitution Day, observing the importance of the administrative document and celebrating its 20 incarnations throughout the democratic history of Thailand.

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Court has Final Say on Trillanes' Travel Abroad: DOJ

MANILA, Dec 10 (PNA) - Justice Secretary Menardo Guevarra on Monday said the Bureau of Immigration (BI) will not prevent Senator Antonio Trillanes IV from traveling abroad if no travel ban is handed down by the courts against him.

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Government concerned about Readiness of SMEs to adopt Industry 4.0

KUALA LUMPUR, Dec 10 (Bernama) - The Government is concerned about the readiness of local industries, particularly Small and Medium Enterprises (SMEs), to adopt Industry 4.0.

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Memorandum of Understanding between Bank Negara Malaysia and Dubai Financial Services Authority

On 28 November 2018, Bank Negara Malaysia (BNM) and Dubai Financial Services Authority (DFSA) had signed a Memorandum of Understanding (MoU) on supervisory cooperation for effective supervision of banking and insurance/ takaful/ reinsurance institutions operating in both countries.

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DFA holds first ever Gender and Development Assembly

MAKATI, Dec 6- As part of the Department of Foreign Affairs’ (DFA) programs to continually mainstreaming gender and development (GAD) policies in its programs and activities, it hosted the agency’s first ever Gender and Development (GAD) Assembly at the Makati Diamond Residences on 06 to 08 November 2018.

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Vietnam, Cambodia PMs attend Business Forum

Vietnam and Cambodia could make their two-way trade value at US$7-8 billion by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said.

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Cambodia, Laos set to boost Bilateral Trade

Cambodia and Laos have pledged to boost trade and investment across their border, while trade volume between the two countries last year was just over $27 million, according to the Cambodian Ministry of Commerce.

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INDUSTRY UPDATES

Revenue Department says it does not collect Higher Tax from Online Merchants

BANGKOK, Dec 8 (NNT) - The Revenue Department has insisted that the Revenue Code Amendment Act draft is not intended to make online merchants pay more tax but to analyze the behavior of taxpayers.

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