singapore - Contracts & Commercial - News

Srilanka-Singapore Free Trade Agreement enters into force on 1 May

The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) has been ratified and will enter into force on 1 May 2018.
Date: 20 April 2018; Type: Legal News; Source: Ministry of Trade and Industry

CCS approves JDE Asia's Proposed Acquisition of OldTown

SINGAPORE, Jan 30 (Bernama) - The Competition Commission of Singapore (CCS) has cleared the proposed acquisition by Jacobs Douwe Egberts Holdings Asia NL B.V. (JDE Asia) of the entire issued and outstanding share capital of OldTown Bhd.
Date: 30 January 2018; Type: Legal News; Source: Bernama

Singapore and Australia ratify upgraded Free Trade Agreement

December 1: Singapore and Australia marked a milestone in bilateral economic relations with the ratification of the upgraded Singapore-Australia Free Trade Agreement (SAFTA) today.
Date: 01 December 2017; Type: Legal News; Source: Ministry of Trade and Industry

Singapore prohibits all Commercial Trades with North Korea

SINGAPORE, Nov 16 (Bernama) - Singapore has prohibited all commercially traded goods, including exchanged for money or barter traded from North Korea, whether they are imported, exported, transshipped or brought in transit through the republic from Nov 8.
Date: 16 November 2017; Type: Legal News; Source: Bernama

Singapore introduces Inward Re-domiciliation Regime

The Companies (Amendment) Act 2017 has introduced an inward re-domiciliation regime in Singapore, to allow foreign corporate entities to transfer their registration to Singapore (e.g. foreign corporate entities that may want to relocate their regional and worldwide headquarters to Singapore and still retain their corporate history and branding). Th ...
Date: 12 October 2017; Type: Legal News; Source: Accounting and Corporate Regulatory Authority

Four Agreements inked to lift Singapore-Hungary Economic Ties

The "modest" economic relations between Singapore and Hungary may soon see some uplift, thanks to four Memoranda of Understanding (MOUs) inked. Signed in the presence of visiting Hungarian Prime Minister Viktor Orban and Trade and Industry Minister (Trade) Lim Hng Kiang, they cover cooperation in trade, investment, technology and training and ...
Date: 28 September 2017; Type: Legal News; Source: International Enterprise

Infrastructure Protection Bill 2017 introduced

The Infrastructure Protection Bill was introduced for First Reading in Parliament today, as part of the Ministry of Home Affairs' (MHA) counter-terrorism strategy to keep Singapore safe and secure. The Bill will, amongst others, require selected new buildings in Singapore to integrate security measures within their design before they are built ...
Date: 11 September 2017; Type: Legal News; Source: Ministry of Home Affairs

Turkey, Singapore ratify Free Trade Agreement

SINGAPORE, Aug 21 (Bernama) - Turkey and Singapore marked another milestone in their bilateral economic relations with the ratification of the Turkey-Singapore Free Trade Agreement (TRSFTA) today.
Date: 21 August 2017; Type: Legal News; Source: Bernama

Commencement of Legislative Amendments relating to Debt Restructuring and Corporate Rescue in the Companies Act

The Companies (Amendment) Bill was passed in Parliament on 10 March 2017. [1]. The Bill includes amendments aimed at enhancing Singapore’s debt restructuring and corporate rescue framework.
Date: 22 May 2017; Type: Legal News; Source: Ministry of Law

First Conviction of Market Misconduct under the Joint Investigations Arrangement

Singapore, 22 March 2017 - Mr Tey Thean Yang Dennis (Tey) was today sentenced to a total of 16 weeks’ imprisonment as a result of a conviction arising from a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force. The State Courts convicted Mr Tey of offen ...
Date: 22 March 2017; Type: Legal News; Source: Monetary Authority of Singapore

Upcoming Changes to the Companies Act and Limited Liability Partnerships Act

Key amendments seek to ensure Singapore’s regulatory environment remains robust and competitive. The Companies (Amendment) Bill and LLP (Amendment) Bill has just been passed by Parliament today. These amendments aim to reduce regulatory burden on companies and limited liability partnerships (LLPs), improve the ease of doing business in S ...
Date: 12 March 2017; Type: Legal News; Source: Accounting and Corporate Regulatory Authority

Minister's Reply on Ratification of EU-Singapore Free Trade Agreement

The following is the question to and reply by the Minister for Trade and Industry (Trade) in light of the opinion issued by the Advocate General of the Court of Justice of the EU on the ratification of EU-Singapore Free Trade Agreement.
Date: 28 February 2017; Type: Legal News; Source: Ministry of Trade and Industry

MAS announces Establishment of Corporate Governance Council to review the Code of Corporate Governance

Singapore, 27 February 2017 - The Monetary Authority of Singapore (MAS) announced today that it has formed a Corporate Governance Council (Council) to review the Code of Corporate Governance (CG Code). The Council will be chaired by Mr Chew Choon Seng, former Chairman of the Singapore Exchange (SGX).
Date: 27 February 2017; Type: Legal News; Source: Monetary Authority of Singapore

INDUSTRY UPDATES

No Freeze in Intake of Foreign Workers - Ministry

KUALA LUMPUR, May 18 (Bernama) - The Human Resources Ministry has clarified that there is no freeze in the recruitment of foreign workers although many applications to bring in workers have been rejected for non-compliance with the law.

Read More

INDUSTRY UPDATES

Actions against those who tarnish Judiciary's Image, Dignity, says CJ

PUTRAJAYA, May 17 (Bernama) - Actions will be taken against those who tarnish the judiciary's image and dignity, says Chief Justice Datuk Tengku Maimun Tuan Mat.

Read More

INDUSTRY UPDATES

Right Decisions only Way for Judiciary to recover Glory - Attorney General

PUTRAJAYA, May 17 (Bernama) - Attorney-General Tommy Thomas says judges must always endeavour to make the right decisions, without fear or favour, and regardless of the personality of the party or the accused before them.

Read More

INDUSTRY UPDATES

Transport Ministry makes it More Flexible for e-hailing Drivers to obtain PSV Licence

KUALA LUMPUR, May 17 (Bernama) - The Ministry of Transport is willing to make it easier for e-hailing drivers to clock in the six hours of course time to obtain a Public Transport Vehicle (PSV) licence.

Read More

INDUSTRY UPDATES

RM1.56 Mln Fine on Poachers, highest so far for Wildlife Crimes

PUTRAJAYA, May 17 (Bernama) - The Kuala Terengganu Sessions Court's decision to fine RM1.56 million each on two Vietnamese poachers has been the highest amount so far for wildlife crimes in the country's history, said Water, Land and Natural Resources Minister Dr Xavier Jayakumar.

Read More

INDUSTRY UPDATES

Delegation of Lawmakers visit Netherlands

Hanoi, May 15 (VNA) - A delegation of the National Assembly’s Committee on Laws led by the committee’s vice chairman Pham Tri Thuc has just paid a working visit to the Netherlands.

Read More

INDUSTRY UPDATES

Adib Inquest: Lawyer grills Forensics Expert on 'Probability Report'

SHAH ALAM, May 16 (Bernama) - A lawyer questioned the ‘probability report’ of a specialist medical witness in the inquest into the death of Muhammad Adib Mohd Kassim, that injuries to the right chest of the firefighter were caused by a curb or road shoulder.

Read More

INDUSTRY UPDATES

Telecom Regulator proposes Online Sim Card Registration

The Lao Telecommunication Regulatory Authority is developing an application for use as a possible option to speed up sim card registration.

Read More

INDUSTRY UPDATES

Government agrees to appoint a Youth to represent them in the Senate

BANGI, May 15 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad announced that the government has agreed to appoint a member of the Senate from among the youths with wide expertise and knowledge in the field and issues on the development of youths.

Read More

INDUSTRY UPDATES

MoF sets up Debt Management Office

KUALA LUMPUR, May 15 (Bernama) - The Ministry of Finance has set up the Debt Management Office (DMO) to review and manage the government’s debt and liabilities.

Read More

INDUSTRY UPDATES

Additional Appellate Court would be a timely upgrade

In order to curb the increased caseload on the Court of Appeal, a new appellate court may be introduced by the Government to support it, a move that may end up in restructuring of Supreme Court.

Read More

INDUSTRY UPDATES

RoK helps Vietnam accelerate Judicial Reform

Hanoi, Apr 26 (VNA) - The Supreme People’s Court and the Korea International Cooperation Agency (KOICA) launched a project on improving trial transparency and quality at Vietnamese courts during a ceremony in Hanoi on April 26.

Read More

INDUSTRY UPDATES

DOLE announces 29 Job Fir Venues Nationwide on Labor Day

MANILA, Apr 29 (PNA) - The Department of Labor and Employment (DOLE) is inviting job seekers to a nationwide job fair on May 1.

Read More

INDUSTRY UPDATES

Universities, Industry Players to join forces for IR 4.0

GEORGE TOWN, Apr 29 (Bernama) - The joint forces of the brains in the universities and the capacity and capabilities of key industries will make a change for a better world through the Fourth Industrial Revolution (IR 4.0), said Universiti Sains Malaysia (USM) vice-chancellor Prof Dr Asma Ismail.

Read More

INDUSTRY UPDATES

BNM appoints Two External Members to Monetary Policy Committee

KUALA LUMPUR, Apr 29 (Bernama) - Bank Negara Malaysia (BNM) has reappointed Professor Dr Yeah Kim Leng and appointed Datuk Dr Gan Wee Beng as external members of its Monetary Policy Committee (MPC) effective April 1, 2019.

Read More

INDUSTRY UPDATES

Doing nothing about Disruptive Tech would be biggest Mistake: CJ

The speed at which law firms incorporating AI into their work processes poses threat to lawyers getting out of jobs, and urged the lawyers to seize the moment and be at the frontline of technological change, warning that the "biggest mistake" would be to do nothing.

Read More

INDUSTRY UPDATES

Government Agencies urged not to use Unlicensed Software

MANILA, Apr 26 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) on Friday urged government agencies to use licensed software to prevent copyright infringement in the country.

Read More

INDUSTRY UPDATES

Kula Segaran to chair ASEAN Labour Minister Special Session in Singapore

KUALA LUMPUR, Apr 28 (Bernama) - Human Resource Minister M. Kula Segaran will lead the Malaysian delegation to the Special Session of the ASEAN Labour Ministers and Singapore Conference on Future of Work which will be held in Singapore tomorrow (April 29).

Read More