Category Archives: Singapore

Four Law Firms Granted Temporary Extensions for Singapore License

Watson Farley seals new Singapore alliance 

Gibson Dunn, Jones Day, Linklaters and Sidley Austin have failed to deliver on promises; Singapore’s government has given them two more years to meet expectations.   Source: Four Law Firms Granted Temporary Extensions for Singapore License, as Performance Has ‘Fallen Short’ | International | The American Lawyer

Singapore CFOs see data security, privacy as top challenges in corporate reporting: EY poll

Singapore CFOs see data security, privacy as top challenges in corporate reporting: EY poll

Managing data security and privacy are the top challenges chief financial officers (CFOs) in Singapore say they face in corporate reporting, as developments in data handling stir uncertainty among global and Singapore CFOs alike. The global survey of more than 1,000 CFOs also found 63 per cent of Singapore finance chiefs say concerns over security […]

Singapore central bank to consult financial firms on implications of artificial intelligence and data analytics

Singapore central bank to consult financial firms on implications of artificial intelligence and data analytics

Singapore’s central bank will consult financial firms in the city state in a bid to better understand the implications of their use of artificial intelligence (AI) and data analytics, according to a report in the local press. According to The Business Times, the consultation being undertaken by the Monetary Authority of Singapore (MAS) could lead […]

Singapore urged to take lead in ethics code for arbitration

Former attorney-general V. K. Rajah wants Singapore to take the lead in forging an international ethics code for arbitration practice. He said such a move would help the country at a time when it has become the top venue in Asia for dispute resolution. He told the Singapore Institute of Arbitrators recently that Singapore has […]

Singapore Considers Limiting Use of NRIC Numbers

Singapore Considers Limiting Use of NRIC Numbers

With the aim of protecting data privacy, the government of Singapore is considering taking steps to greatly reduce the use of the National Registration Identity Card numbers for verifying consumers’ identities. The NRIC number is a unique identifier that the government assigns to each Singapore resident. It’s often used as a required document or identifier […]

Singapore offers world’s most powerful passport

Singapore offers world's most powerful passport

When it comes to global travel, not all passports are created equal. But which one rules them all? According to the Passport Index, that honor now belongs solely to Singapore thanks to a recent decision by Paraguay to remove visa requirements for passport holders of the Asian city-state. Developed by international residence and citizenship advisory […]

Monetary Authority of Singapore issues new VC fund manager rules

Monetary Authority of Singapore issues new VC fund manager rules

The Monetary Authority of Singapore (MAS) – the country’s central bank – today revealed a streamlined framework for the regulation of VC fund managers. The relaxed requirements for managing VC funds are intended to make it easier for startups to access growth capital. The revised rules largely reflect proposals put forward by MAS alongside a […]

AI Enters Singapore Law Firm

The WongPartnership is the first Singapore law firm to harness artificial intelligence and document automation. It is not only the financial sector that is facing technology challenges, the legal sector is also being infiltrated. As part of WongPartnership’s legal technology vision, the firm has deployed artificial intelligence (AI) and document automation technology to enhance and […]