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Bank Negara Malaysia today announces that the locally-incorporated foreign banking institutions (LIFBs) operating in Malaysia will be allowed to establish up to four additional branches within a period of one year with effect from 1 January 2006. This operational flexibility represents the first of a phased approach of branching liberalisation, in line with the broad strategies outlined in the Financial Sector Masterplan.

The Ministry of Health has moved to make charities under its watch more transparent and accountable by asking them to disclose key information.

The Competition Commission of Singapore (CCS) has today, completed its issuance of all the guidelines of the Competition Act 2004 (‘Act’) in relation to the prohibitions which will commence on 1 January 2006.

The Ministry of Manpower has introduced a new piece of subsidiary legislation under the Employment Agency Act, namely the Employment Agencies (Composition of Offences) Rules 2005, and amended the Employment Agency Rules with the Employment Agency (Amendment) Rules 2005.

The Monetary Authority of Singapore has issued Guidelines and Notices under the Trust Companies Act which comes into force on 1 February 2006.

An Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income was signed today between the Republic of Singapore and the Republic of the Fiji Islands.

In Singapore's first case involving shape marks, Justice Andrew Phang in the case of Nation Fittings (M) Sdn Bhd v Oystertec Plc, [2005] SGHC 225 decided that trade marks registered prior to 15 January 1999 as two-dimensional marks cannot be treated as three-dimensional shape marks under the Singapore Trademarks Act.

Singapore, 16 December 2005... The Monetary Authority of Singapore (MAS) has released a consultation paper on draft recommendations to enhance the Policy Owners' Protection Fund (PPF) Scheme.

Asean member countries are expected to establish a legal framework to expedite implementation of the Asean Single Window (ASW), a customs initiative to ensure faster clearance of goods and services.

myGovernment is the single gateway to information and services provided by Malaysian Government agencies on the Internet. The myGovernment initiative was undertaken by Malaysian Administrative Modernisation and Management Planning Unit (MAMPU). MAMPU is a central agency under the Prime Minister Department entrusted with the task of introducing administrative reforms in the public sector to upgrade the quality, efficiency, effectiveness and integrity of Malaysian public service in accordance with national goals.

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