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Following consultation with the Singapore Hotel Association (SHA), the Ministry of Trade and Industry (MTI) has decided on the following rates for the Formula One (F1) levy on hotel room revenues:
a. 30% of the total revenues from rooms and room packages for trackside hotels; and

b. 20% of the total revenues from rooms and room packages for all other tourist hotels[1].

An Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income between the Republic of Singapore and the Republic of Kazakhstan enters into force on 14 August 2007 following the completion of ratification formalities. The provisions of this Agreement shall cover income derived on or after 1st January 2008.

The majority owners of Horizon Towers, who face possible legal action over the failed en bloc sale, are meeting to decide if they should accede to the buyers demands to extend the deadline for the completion of the collective sale and to file a fresh application to the Strata Title Board.

Thailand's government is revising a controversial bill to tighten foreign investment rules. The draft Foreign Business Act was among the most contentious economic policies proposed by the government.

The Singapore Management University (SMU) is announcing a change of Deanship at its School of Law. Professor Michael P. Furmston will now assume the Deanship at the School of Law as Professor David N. Smith (史达伟), who was originally appointed as Dean, is unable to take up the appointment due to unanticipated personal reasons.

Organized by Harvard Law School, Yale Law School, New York Law School, Trinity University, and Nanyang Technological University in Singapore, this pioneering global conference on virtual worlds invites experts across disciplines to discuss the future of cyberspace and the impact of these new immersive, social online environments on education, law, politics and society. The hallmark of the conference is its multi-disciplinary perspective.

The Agri-Food & Veterinary Authority (AVA) has made revisions to the Animals and Birds (Dog Licensing and Control) Rules. The revised Rules will come into effect on 1 Sep 07.

The Strata Titles Board dismissed the application by the majority owners of Horizon Towers to approve the sale on "technical grounds".

Owners of five fairly small adjoining freehold residential developments in Mergui Road have banded together to sell the properties as one medium-sized lot for up to $125 million. The properties - Norfolk Court, Mergui Lodge, Northern Mansion, Mergui Court and The Mergui - are located near Rangoon Road and Moulmein Road.

Pacific Mansions and Rivershire have both failed to attract bids from buyers willing to match the prices asked by their respective owners. The two developments are in the River Valley area.

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