Germany to chase tax dodgers in Singapore
The Local- 6 Oct 12 German Finance Minister Wolfgang Schäuble is planning a deal with the Singapore government to provide information on wealthy Germans hording money in the Asian haven. Schäuble wants to kick-start negotiations on an agreement during his trip to Singapore next week, the Bild newspaper reported Saturday,...
Taiwan company sues DBS over losses
Taipei Times- Oct 06, 2012 GIO Optoelectronics Corp (啟耀), a Taiwanese maker of LED lights and fluorescent tubes, said it has sued DBS Group Holdings Ltd over losses in foreign exchange trading last year. GIO filed a civil lawsuit to the Taipei District Court seeking an initial NT$50 million (US$1.7 million) in damages,...
Singapore insurer fined for giving unqualified advice
International Adviser- OCT 4 2012 A large general insurer in Singapore has been fined by the local regulatory authority for allowing unqualified staff to sell insurance products to the public. The Monetary Authority of Singapore said between January 2005 and June 2011 NTUC Income Insurance Co-operative failed to ensure that...
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