Singapore’s GDP contracts sharply on virus pandemic

Singapore is one of the first economies to report growth data since the virus outbreak began, and the dismal figures add to signs the world is heading for a deep, painful recession with more than three billion people now under lockdown.


Super scammers pose as authorities

One superannuation member the scammers would not have hoped to answer their unsolicited calls is Argurion Finance Group principal Chris Craggs.


MAS Releases USD Auction Details

It aims to support more stable USD funding conditions in Singapore, and facilitate USD lending to businesses in Singapore and the region.


Tax in the time of COVID-19

The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.


Holding the Line on Ultimate Beneficial Ownership

To address the challenges many jurisdictions experience in trying to ensure ownership transparency, last October the FATF released a best practice paper offering guidance on measures countries should consider to facilitate access to beneficial ownership a


MAS bans ex-insurance agents, bank staff for fraud

Chew and Yap will be imprisoned for 45 and 42 months, respectively. William Lin, former representative of OCBC Bank, was issued an eight-year prohibition order and will be jailed for 16 months for cheating a client.