ALL financial services and e-payment firms in Singapore must follow a set of cyber hygiene rules from August next year with Singapore’s central bank stepping up efforts to strengthen the sector’s defense against rising threats. The Monetary Authority of Singapore (MAS) announced the mandatory rules on Tuesday, saying the sector will be more exposed to […]
Read MoreVeerathai Santiprabhob, Governor of the Bank of Thailand (BOT), and his counterpart, Le Minh Hung, Governor of the State Bank of Vietnam (SBV) signed two Memoranda of Understanding during the bilateral meeting on 5 August 2019 in Hanoi, aiming to promote banking and financial cooperation in the following two critical areas. 1. The MOU on […]
Read MoreThe Bank of Thailand and the Thai Bankers’ Association plan to sign an agreement on five directives for responsible lending, including debt-service ratio (DSR), to take effect from next January. The guidance is aimed at keeping a lid on the country’s swelling household debt, which is a threat to financial stability. The five directives entail […]
Read MoreLocal interest in franchising has grown on the back of the rising number of international retail brands entering Myanmar. While the business can be rewarding and lucrative, it is important to have a complete understanding of the franchise concept and what you’re signing up for. Franchising is a business agreement under which a company that […]
Read MoreASIAN equities had no time to catch their breath on Monday, falling end over end in huge losses as traders anticipated more flare-ups from Washington after China’s yuan slumped to a decade low and stoked fears of rising trade-war pains and the spectre of a currency war. Investors ditched stocks and dashed instead to the […]
Read More[SINGAPORE] The Institute of Policy Studies (IPS) recommends that retirement ages be tied to a dynamic life expectancy measure. Its suggestions come ahead of planned updates from a tripartite workgroup about changing retirement and re-employment ages. The IPS said on Monday (Aug 5) that these ages should be based on health-adjusted life expectancy (Hale), which […]
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