MAS is extending its SGD facility to support SME lending. Singapore will target net zero emissions by or around 2050, which was previously the target for halving emissions.
February 21, 2022An umbrella VCC needs to file a single corporate income tax return, regardless of the number of sub-funds. GST and stamp duty will be applied at the sub-fund level.
August 7, 2019Transactions involving digital tokens or cryptocurrencies that function or are intended to function as a medium of exchange will be exempt from GST.
July 9, 2019Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.
January 2, 2019The central bank also agreed to allow SMEs to restructure loans and extend the deadline for banks to comply with the capital conservation buffer by one year.
November 20, 2018RBI deputy governor says that a public credit registry, with inputs from the corporate registration and GST database, will help increase access to credit in India.
August 24, 2018India’s markets regulators has slashed total expenses by 15 basis points to encourage more retail investors to buy mutual funds; also requiring increased disclosures on fund expenses.
June 7, 2018Effective 1 June, Malaysian banks will impose a zero percent GST on all banking products and services, previously subject to 6% GST.
June 4, 2018Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter 'suspicious transactions'.
January 23, 2018