News

It was reported in Singapore media that the Law Society of Singapore has come up with a proposal to tighten laws surrounding solicitors' accounts rules aimed at being fool-proof against fraud. This follows the case of David Rasif who is reported to have disappeared with over S$10 million of his clients' money.

Diplomatic Conference for the Adoption of a revised Trademark Law Treaty (TLT), which was held in Singapore from 13 March to 28 March 2006 culminated in a new Treaty on the Law of Trademarks named "The Singapore Treaty on the Law of Trademarks". The text of the treaty can be found in WIPO's website at http://www.wipo.int/treaties/en/ip/singapore/index.html.

The Monetary Authority of Singapore (MAS) today announced its response to recommendations made by the Singapore Investment Banking Association Equity Derivatives and Structured Products Taskforce.

Singaporeans will soon get to enjoy the ease and convenience of using one card to make seamless electronic payments (e-payment) for their everyday needs - from retail purchases to public transport payments.

The Singapore Workforce Development Agency (WDA) has published an Age-Friendly Employment Practices guide to encourage employers to adopt human resource practices that can help them better tap on the strengths of older workers.

Indonesia and Singapore today marked the first step in renewing investor interest and confidence in Batam and Bintan with the signing of the “Framework Agreement on Economic Cooperation in the Islands of Batam, Bintan and Karimun”.

From 26 Jun 2006 , massage establishments will see changes in the regulations under the Massage Establishment Act.

LTA.PROMPT or the "Permit for Road Occupation Management Portal" is a new internet-based service that gives applicants the ability to apply for all road permits from all necessary agencies in one application online.

The Monetary Authority of Singapore (MAS) announced today that the Payment Systems (Oversight) Act 2006 [PS(O)A] will take effect on 23 June 2006. The PS(O)A provides a comprehensive framework for MAS to oversee payment systems and stored value facilities (SVF) in Singapore. The Act was passed in Parliament on 16 January 2006.

At the opening of DM Asia, a direct marketing exhibition, the Second Minister for Trade and Industry, Lim Hng Kiang, called upon the Direct Marketing Association of Singapore to extend its code to the collection, storage and use of consumer data on the Internet to maintain the trust of consumers.

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