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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- MAS
- Speeches
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- View video recording of the speech and panel discussion here . Ladies and gentlemen, good morning. I want to first thank IPS for the opportunity to share my thoughts with this large audience. I would also like to commend IPS for convening a conference on what is an important, existential topic: the implications of demographic change. I will focus my presentation on the economic implications of demographic change: what it means for economic growth and economic dynamism. The two are different. My
- MAS
- Speeches
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- 1 Madam Speaker, on behalf of the Minister-in-Charge of MAS, I beg to move, "That the Bill be now read a second time". Background 2 In the aftermath of the Global Financial Crisis, the Financial Stability Board (“FSB”), an international organization comprising policymakers and financial regulators around the world, was established to promote international financial stability. MAS as a member of the FSB has been actively involved in its development of its recommendations. 3 In 2010, the FSB
- MAS
- Speeches
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- Andrew Ng – Chairman, ASIFMA Mark Austen – CEO, ASIFMA Greg Medcraft – Chairman, Australian Securities and Investments Commission, and my fellow keynote speaker Fellow regulators and central bankers Distinguished guests Ladies and gentlemen 1 It is my pleasure to join you this afternoon at the 10th ASIFMA Annual Conference. 2 When I last spoke here two years ago, the global economy was confronted by what the IMF described as “legacies, clouds and uncertainties”, and was forecast to grow at
- PDPC
- Public Consultations
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- Name of Paper Proposed Advisory Guidelines on the Personal Data Protection Act for Selected Topics - Photography 2.2 2.3 Extracted from Proposed Advisory Guidelines Comments from Manulife (Singapore) Pte. Ltd. - - - Does a photographer need to obtain an individual’s consent to take a photograph of the individual? An image of an identifiable individual captured in a photograph is personal data about that individual. Among other obligations, the Data
- PDPC
- Commission's Decisions
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- Directions, including a financial penalty of $8,000, were imposed on Chizzle for failing to put in place reasonable security arrangements to protect the personal data of users of its mobile application in Re Chizzle Pte Ltd [2019] SGPDPC 44 . The organisation was also directed to develop an IT security policy, review and revise its developmental processes in order to adopt a data protection by design approach for future enhancements to its mobile application. An application for reconsideration was
- PDPC
- Commission's Decisions
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- Directions were imposed on Everlast Projects, Everlast Industries (S) and ELG Specialist for breaches of the PDPA. First, the organisations failed to put in place reasonable measures to protect their employees’ personal data. Second, they did not have written policies and practices necessary to ensure its compliance with the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2020] SGPDPC 20 Case No. DP-1908-B4369 In the matter of an investigation under section 50(1)
- PDPC
- Commission's Decisions
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- A financial penalty of $25,000 was imposed on Toh-Shi Printing Singapore for failing to implement proper and adequate procedural checks while processing personal data for Aviva, resulting in an unauthorised disclosure of personal data of more than 8,000 individuals. Click here to find out more. DECISION OF THE PERSONAL DATA PROTECTION COMMISSION Case Number: DP-1603-A661 AVIVA LTD (UEN No. 196900499K) TOH-SHI PRINTING SINGAPORE PTE LTD (UEN No. 198704013N) 1st Respondent 2nd
- MAS
- Economic Essays
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- This study was published as Special Feature B in the October 2019 Macroeconomic Review. Special Features 85 Special Feature B Mind the Gaps! Output Gaps for Monetary Policy and Financial Stability Assessments by Douglas Laxton1 Introduction It is critical to make a clear distinction between the concepts of output gaps that are relevant for monetary policy and those measures that are relevant for analysing financial stability. The policy relevance of this distinction
- MAS
- Economic Essays
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- This study was published as Special Feature C in the October 2019 Macroeconomic Review. 92 Macroeconomic Review, October 2019 Special Feature C Upgrading and Inflation Expectations in Singapore: A Survey Experiment by Sumit Agarwal, Yeow Hwee Chua and Changcheng Song1 Introduction the formation of Inflation expectations of households are crucial for the analysis of business cycles and formulation of monetary policy. The central questions are how expectations are formed
- MAS
- Economic Essays
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- By Tian Xie and Jun Yu This study was published as Special Feature C in the October 2020 Macroeconomic Review. 112 Macroeconomic Review | October 2020 Special Feature C Forecasting Singapore GDP Using SPF Data Tian Xie and Jun Yu1 In this Special Feature, we use econometric and machine learning (ML) methods, as well as a hybrid method, to forecast the GDP growth rate in Singapore based on the Survey of Professional Forecasters (SPF). We compare the