News
MAS Issues Consultation Paper on Draft Deposit Insurance Regulations
Posted On Thursday, October 27, 2005
This consultation paper invites comments on the draft Deposit Insurance Regulations and Deposit Insurance (Composition of Offences) Regulations. Among other things, these Regulations set out details on (i) asset maintenance requirements; (ii) premium contributions payable by Scheme members; (iii) target size of the Deposit Insurance Fund and (iv) offences which may be compounded by MAS under the Act.
New Features In One Stop Business Portal
Posted On Tuesday, October 25, 2005
Starting from today, a new feature called the URT (which stands for Updating, Renewals and Terminations) modules is now available through the Online Business Licensing Service (OBLS) at www.business.gov.sg/licences . The URT modules allow businesses to update, renew or terminate 45 different types of licences through the OBLS. Previously, the OBLS only permitted businesses to apply for new licences.
Public Consultation on Workplace Safety and Health Regulations
Posted On Monday, October 24, 2005
The Ministry of Manpower ("MOM") has published draft regulations under the proposed Workplace Safety and Health (WSH) Act slated to be passed by Parliament before the end of 2005. MOM is seeking public feedback on the proposed regulations.
IDA Approves Revisions to SingTel's Reference Interconnection Offer (RIO)
Posted On Monday, October 24, 2005
The Infocomm Development Authority of Singapore (IDA) today has approved revisions to Singapore Telecommunications Limited's (SingTel) Reference Interconnection Offer (RIO). SingTel's RIO sets out IDA-approved prices, terms and conditions for interconnection and access to SingTel's network. The RIO provides the telecoms industry with a standard agreement to use when it wants to lease or connect1 to SingTel's network in order to provide its own services to the Singapore market.
Former Singapore Judge Mr Michael Hwang SC Sworn in as Deputy Chief Justice of the Dubai International Financial Centre Court
Posted On Sunday, October 23, 2005
HH Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Industry, UAE, swore in Mr. Michael Hwang SC as the Deputy Chief Justice of the Dubai International Financial Centre Court on October 23rd, 2005, at the Ruler's Court.
Regulatory Controls On Prepaid Sim Cards
Posted On Friday, October 21, 2005
As part of an ongoing and holistic security review by the Government to boost Singapore's security, the Ministry of Home Affairs (MHA), in collaboration with the Infocomm Development Authority of Singapore (IDA), have worked together with mobile service providers on a practical regulatory regime over prepaid SIM1 cards.
MAS Issues Revised Property Fund Guidelines
Posted On Thursday, October 20, 2005
The MAS has issued revised REIT Guidelines. A key change is the lifting of the borrowing limit to 60 percent from 35 percent, so long as the REIT obtains and discloses its credit rating.
MAS Updates List of Persons Belonging To Terrorist Organisations
Posted On Thursday, October 20, 2005
In a press release, MAS advised financial institutions to update their list of individuals and entities belonging to or associated with the Taliban and the Al-Qaida organisation (the 1267 List) as required under the Monetary Authority of Singapore (Anti-Terrorism Measures) Regulations 2002.
Google Stops Using Gmail Name in UK
Posted On Wednesday, October 19, 2005
Google stopped using the Gmail name in the United Kingdom on 19 October 2005, temporarily ending a trademark dispute. The Gmail service there is now known as Googlemail.
Lord Chancellor unveils 'Tesco Law' reforms - Says President of Law Society of England
Posted On Tuesday, October 18, 2005
The Law Society of England & Wales, in its reaction to the UK Government White Paper of 17 October 2005, welcomes plans for the implementation of the Clementi reforms to enable new forms of legal practice and external investment in law firms.
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