Asia
labuan fsa revokes ec trust labuan licence
The Labuan Financial Services Authority has revoked the trust company licence of EC Trust (Labuan) Bhd, effective today, according to a statement on the Labuan FSA’s website.
Credit Suisse fined HK$16m by SFC
Credit Suisse Securities has been fined more than HK$1.6m by the Securities and Futures Commission in Hong Kong.
asia and middle east links fuel cross border
Strengthening ties between Asia and the Middle East, particularly within the Islamic finance sector, have been highlighted in a speech by one of Singapore’s senior politicians.
Singapore life industry to revise sales
From 1 July, Singapore's life insurance industry will adopt a new, lower set of investment returns in the materials its representatives use to sell Singapore-dollar denominated participating (“par”) policies, in response to "the current low interest rate environment".
southern malaysian state to impose
A government official in the southern Malaysian state of Johor has said higher tax rates may be imposed on some 130,000 foreigners who own property there, the Malaysian Star reported yesterday.