News

To give greater clarity to businesses, the Competition Commission of Singapore (CCS) has today published the finalised Competition Act guidelines pertaining to the section 34 prohibition, the section 47 prohibition and market definition.

Reuters reports that The Animal Concerns Research and Education Society (Acres) undercover investigation of 100 Singapore pet shops had revealed the presence of endangered species such as the Chinese stripe-necked turtle, the Chinese softshell turtle, the Australian snake-necked turtle and the pig-nosed turtle.

The Commercial Affairs Department (CAD) has completed its investigations into the affairs of Indigoz Exchange Pte Ltd ("Indigoz").

Bank Negara Malaysia announces today that the exchange rate of the ringgit with immediate effect will be allowed to operate in a managed float, with its value being determined by economic fundamentals. Bank Negara Malaysia will monitor the exchange rate against a currency basket to ensure that the exchange rate remains close to its fair value. Promoting stability of the exchange rate continues to be a primary objective of policy.

To further boost business conduciveness in Singapore's infocomm market, the Infocomm Development Authority of Singapore (IDA) has today introduced a package of enhancements to its licensing and equipment registration frameworks. The move will significantly simplify licensing and equipment registration requirements and processes which will offer infocomm licensees more convenience and cost and time savings.

Since 1 July, the Media Development Authority (MDA) has given more flexibility to publicity materials for films and videos rated NC16 and M18; and TV programmes rated 'PG' (Parental Guidance), in a move to provide more avenues for promotion of these materials. Trailers of upcoming movies rated M18 can be shown on television after 10pm. In addition, trailers of NC16 films and PG-rated TV programmes can also be shown any time of the day, as long as the content is suitable for a general audience.

As announced by the Minister (ND) in Parliament on 19 July 2005, HDB will revise upwards the housing loan limit for HDB concessionary loans with immediate effect, in tandem with the upward adjustment of mortgage financing limit by banks and financial institutions.

As earlier announced in Parliament, Government has decided to fine-tune the RPA in three aspects:-
(a) easing of restrictions on foreign ownership of restricted residential properties;
(b) revocation of exemption for foreign companies; and
(c) revision to requirements attached to grant of Qualifying Certificates (QCs).

The Monetary Authority of Singapore (MAS) today announced that banks may grant housing loans of up to 90% of the property value.

Second Reading Speech by Deputy Prime Minister and Minister for Law, Prof S Jayakumar.

Page << | 1 | 10 | 20 | 30 | 40 | 50 | 60 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 80 | 90 | >>