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Singapore: MAS proposes new regulation for Singapore persons performing digital token services outside Singapore

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The Monetary Authority of Singapore (MAS) proposes a new Omnibus Act1 (New Act), which will contain a new regulatory framework for Singapore digital token service providers performing digital token services outside Singapore. The new regulatory framework entails two key aspects: (a) licensing requirements; and (b) anti money laundering (AML) and countering the financing of terrorism (CFT) regulations

Malaysia: Bukit Payong Waste-to-Energy Project RFP

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The Malaysian Ministry of Housing and Local Government had on 27 July 2020 issued an announcement for the request for proposal ("RFP") for a waste-to-energy project in Bukit Payong, Johor on a public-private partnership basis ("WtE Project"). The WtE Project is one of the 6 expected waste to energy projects that the federal government of Malaysia is planning to develop by 2021.

Singapore Tightens Strategic Goods Controls

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Singapore updated its strategic goods control regime on 3 August 2020 to ensure robust administration of controls and effective risk assessments, while ensuring the facilitation of legitimate trade. Key amendments include ensuring individual and bulk permit holders have access to English translations for strategic trade records kept in other languages. For bulk permit holders, expanded document categories under recordkeeping requirements and monthly reporting will apply. A new offence has also been created for failing to amend permits in the event that information submitted under initial permit application processes subsequently change.

Singapore: High Court sets out new sentencing framework for public sector corruption involving agents

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In a recent appeal before the Honourable Chief Justice Sundaresh Menon involving two individuals who had participated in public sector corruption (Public Prosecutor v Wong Chee Meng and another appeal [2020] SGHC 144), the High Court set out a new sentencing framework for corrupt transactions which take place in relation to contracts with the Government or public bodies under s 6 read with s 7 of the Prevention of Corruption Act (Cap 241) (the PCA).

Singapore: Key amendments to the Economic Expansion Incentives (Relief from Income Tax) Act

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In brief On 15 June 2020, the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2020 came into force. Among other legislative changes, the...

Singapore: Guidance on collaboration between competitors to supply essential goods and services during the...

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The COVID-19 pandemic has disrupted the supply of essential goods and services around the world, including Singapore, and such disruptions have required competitors to temporarily collaborate to sustain or improve the supply of essential goods and services. To provide clarity on whether such collaborations will fall afoul of the Singapore Competition Act (Cap. 50B) (the “Act”), the Competition and Consumer Commission of Singapore ("CCCS") has issued the "CCCS Guidance Note on Collaborations between Competitors in Response to the COVID-19 Pandemic" ("Guidance Note").

Singapore: High Court sets out new sentencing framework for public sector corruption involving agents

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In a recent appeal before the Honourable Chief Justice Sundaresh Menon involving two individuals who had participated in public sector corruption (Public Prosecutor v Wong Chee Meng and another appeal [2020] SGHC 144), the High Court set out a new sentencing framework for corrupt transactions which take place in relation to contracts with the Government or public bodies under s 6 read with s 7 of the Prevention of Corruption Act (Cap 241) (the PCA).

Singapore: The taxation of certain payments upon termination of employment

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One of the common questions that we find employers asking is whether an ex-gratia payment made to an employee upon his or her termination will be subject to personal income tax. 

Singapore: COVID-19 – New anti-discrimination conditions for Employment Agencies

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Both employers and recruiters who place candidates with employers should note that, in the face of difficult labour market conditions arising from COVID-19 and the Circuit Breaker movement restrictions affecting the conduct of business, MOM continues policies to strengthen job opportunities for Singaporeans to ensure the foreign workforce complements, and not substitute, the local workforce. Recognising the significant role played by labour market intermediaries in fair hiring practices, MOM will impose new anti-discrimination obligations for licensed Employment Agencies (EAs) from 1 October 2020. MOM will penalise EAs which fail to uphold fair hiring, and reward those EAs which show their strong commitment to fair recruitment practices and assist employers in strengthening their Singaporean core.

Singapore: Public consultation on proposed licensing scheme for collective management organisations

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On 3 June 2020, the Ministry of Law ("MinLaw") and Intellectual Property Office of Singapore ("IPOS") launched a public consultation on "Proposed Licence Conditions and Code of Conduct for Collective Management Organisations" (the "Consultation Paper"). The proposed amendments follow from the responses received during the Copyright Collective Rights Management Ecosystem Public Consultation 2017, and forms part of the ongoing review of Singapore's copyright regime. It seeks to implement a regulatory framework for Collective Management Organisations ("CMOs"), which are currently unregulated.
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