Daily Archives: 2016-07-26

Oil falls to three-month lows

By Margaret Yang, CMC Markets  A mixed opening on Monday set a cautious tone, as traders tend to take less risk ahead of BOJ and FOMC meetings, which take place at the end of this week. The market has put high expectations on the BOJ to carry out a massive stimulus package to boost the economy after Shinzo Abe’s victory …

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Singapore to enhance money laundering controls amid 1MDB-linked probe

Singapore’s central bank said it will enhance controls against money laundering and take swift action against banks, after the findings that financial institutions in the city-state handled money flows linked to Malaysian state fund, 1MDB. Mr Ravi Menon, managing director of the Monetary Authority of Singapore, said at its annual news conference on Monday, “There is no doubt that the …

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Asean can no longer sidestep its rights obligations

By Seree Nonthasoot In 2007, the 10 members of the Association of the Southeast Asian Nations celebrated the adoption of the Asean Charter that for the first time in the region’s history includes human rights as one of its principles and objectives. The charter seeks to implement a human rights agenda through a human rights body that was finally set up …

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Pilot system to use Mastercards for bus and train rides to start this year

The agreement between the Land and Transport Authority and Mastercard have been signed by both parties for the new system called the Account-Based Ticketing System which will allow commuters to tap their registered credit and debit cards for the payment of their bus and train journeys. This new system is said to eliminate the need for a separate transit card …

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LTA steps up action against evasion of toll payment and fees at Woodlands

Land Transport Authority LTA issued a press release on Monday (July 25) and stated that it had stepped up measures against evasion of payment of Vehicle Entry Permit (VEP) fees, fixed Electronic Road Pricing (ERP) fees and toll charges over the last few months. LTA estimated that during March to May this year, it had lost it revenue for about …

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