Singapore's Job Support in the Time of COVID-19

The Jobs Support Scheme has been introduced in Singapore to encourage employers to retain their employees in response to the economic challenges brought on by the COVID-19 pandemic.

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COVID-19 Support Package for Singapore Financial and FinTech Sectors

The Monetary Authority of Singapore announced a support package for the financial and FinTech sectors to deal with the immediate challenges brought by the Coronavirus Disease 2019 (COVID-19) pandemic and to prepare for recovery and future growth. The initiatives address manpower costs, operational costs and access to business opportunities.

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New Law Provides Temporary Relief for Inability to Perform Contracts Due to COVID-19

The COVID-19 (Temporary Measures) Act became law on 7 April 2020. Bill in Parliament on the second week of April. The Act offers temporary relief to businesses and individuals who are unable to perform their contracts because of the COVID-19 pandemic. The Act also provides temporary measures for certain matters related to bankruptcy, in-person business meetings, court proceedings, property tax relief and movement of individuals.

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At a Glance: Singapore's Key Measures in Response to the COVID-19 Pandemic

Singapore has announced a range of programmes and measures in response to the Coronavirus Disease 2019 (COVID-19) pandemic. This article summarises the key announcements as of 7 April 2020.

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Trust company penalised S$400,000 for AML/CFT failures

On 19 March 2020, the Monetary Authority of Singapore imposed a composition penalty of S$400,000 on a trust company for non-compliance with anti-money laundering and countering the financing of terrorism requirements under the Monetary Authority of Singapore Act.

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