Definition of “business trust”
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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
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- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $48,000 was imposed on Koh Wei Ming @ Muhammad Amin Koh (trading as Mobile Chat) for using his customers’ personal data to register for additional prepaid SIM cards without their consent. The additional SIM cards were then sold to anonymous and unauthorised purchasers who subsequently used them to send specified messages to individuals who were registered with the Do Not Call Register. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPC 11
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $48,000 was imposed on Koh Wei Ming @ Muhammad Amin Koh (trading as Mobile Chat) for using his customers’ personal data to register for additional prepaid SIM cards without their consent. The additional SIM cards were then sold to anonymous and unauthorised purchasers who subsequently used them to send specified messages to individuals who were registered with the Do Not Call Register. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPC 11
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $48,000 was imposed on Koh Wei Ming @ Muhammad Amin Koh (trading as Mobile Chat) for using his customers’ personal data to register for additional prepaid SIM cards without their consent. The additional SIM cards were then sold to anonymous and unauthorised purchasers who subsequently used them to send specified messages to individuals who were registered with the Do Not Call Register. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPC 11
- MAS
- Notices
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- Requirements for life insurers to manufacture and offer direct purchase insurance (DPI). This notice applies to all direct life insurers, except those that are classified as life insurers with defined market segments in MAS' Financial Institution Directory . It sets out: When a life insurer should manufacture and offer a direct purchase insurance (DPI). The requirements for naming, pricing, re-pricing and the necessary product features. Amendment Notes 19 Mar 2021 Notice 321 (Amendments) 2021, takes
- MAS
- Speeches
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- "Post-Crisis Asia:Challenges and Opportunities Challenges and Opportunities" Date: 27 October 1999 Pre-crisis Asia: A Mirage? 1 The Asian crisis swept through the regional economies like a huge tidal wave. The euphoria from more than a decade of boom in East Asian economies was abruptly punctured. Overnight, headlines switched from the "Asian century" to the "Asian disease". Some analysts questioned if the earlier prosperity had been real, or just a bubble. Others attributed the crisis to fatal
- MAS
- Speeches
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- Speech By Mr Lim Hng Kiang, Deputy Chairman MAS, Minister For Health and Second Minister for Finance, at the Association of Banks in Singapore AGM Dinner on 25 Jun 2002 Introduction 1 The last five years have been challenging ones for our banking sector. Whether facing the direct impact of the Asian financial crisis or the aftershocks of the South American and Russian financial crises, it is clear that financial services is a global industry. Singapore emerged relatively unscathed but the lesson
- MAS
- Speeches
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- 1 Good morning everyone. First, let me take this opportunity to wish everyone a Happy New Year! Let me also thank the Asia Securities Industry & Financial Markets Association (ASIFMA) and the Association of Banks in Singapore (ABS) for organising this webinar and inviting me to speak on the important issue of Singapore’s interest rate benchmark transition. 2 In the next 20 mins or so, I will do a brief recap of the key objectives and milestones that we had set out last year. I will then
- MAS
- Speeches
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- Fellow ASEAN Finance Ministers, Mr Joaquim Levy, Managing Director and Chief Financial Officer of the World Bank Group, Distinguished Guests, Ladies and Gentlemen Introduction 1 A very warm welcome to all our overseas guests. Thank you for joining us at this 8th World Bank-Singapore Infrastructure Finance Summit. Strong growth backdrop enables ASEAN to focus on resilience and innovation 2 We gather at a time of optimism for ASEAN. a. By IMF’s estimates, collectively, ASEAN grew at an impressive
- MAS
- Speeches
Last revised date:
- Mr Peter Seah, Chairman, DBS Group Holdings, Mr Piyush Gupta, CEO, DBS Group Holdings, Ladies and Gentlemen, Introduction 1. Good morning to everyone. Thank you for inviting me to join you today. My heartiest congratulations to DBS on your 50th anniversary and for being the only Asian bank to win two awards on this very special occasion – the best digital bank and the best SME bank. This is something which I think all DBS staff would be very proud of and all of us are very proud of. 2. In
- MAS
- Speeches
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- Opportunities in a New Asia: China,India and ASEAN In-Between 1 Let me bid you a warm welcome to Singapore. I hope that your stay here will not only be intellectually stimulating and professionally beneficial but also enjoyable and memorable. 2 The IMF and World Bank meetings were last held in Asia in September 1997. A few months before the meetings in Hong Kong, the Asian Financial Crisis had started to erupt. The crisis swept across the region, causing immeasurable damage. Pundits declared