Micro News

Micro News

In 2008, the total amount of companies' and individuals' deposits in key international financial institutions reached a peak of USD $1.6 trillion. According to the OECD, this year there has been a significant decline in this indicator, namely by 34%. It is reported that about two-thirds of the cuts…


On April 4th, a bill regarding the creation of a partially public register of ultimate beneficial owners of companies was introduced in the Parliament of the Netherlands. The register will be a part of the trade register of the Chamber of Commerce in January 2020, after which all newly registered companies…


On May 24th, the Law Society of Singapore (LawSoc) reported that it took control of the funds of the law firm JLC Advisors in connection with the disappearance of the managing director Jeffrey Ong along with USD $33 million. This amount of money previously belonged to the engineering firm Allied Technologies. These…


On May 27th, it became known that one of the largest financial conglomerate (HSBC) intends to increase its revenues and plans a large staff reduction by the end of 2019. According to some sources, over 500 jobs are expected to cut. Such staff redundancy will affect the global banking and market sectors,…


According to the annual global competitiveness rating made by IMD World Competitiveness Centre, Singapore has overtaken other countries being the most competitive economy in the world. The return of Singapore to the first place in 2019 was due to the rapid development of technology, the availability…


On May 29th, the Central Bank of Singapore announced that it was not engaged in currency manipulations after the United States included the country to the list of trading partners. Singapore along with eight other US trading partners has been added to the list of countries whose exchange rates will…


During the last five years from 2014 to 2018, the continuous increase in the number of new companies registered was observed. The number of new applications for company registration decreased by 13.7% in the first quarter of the current year. The registering authority said that at the end of April…


According to the announcement of the Cyprus Securities and Exchange Commission (CySEC), on May 11th Demetra Investments increased its stake in Hellenic Bank from 18.42% to 21.01%. It became known that Demetra Investments bought out a share of the European Bank for Reconstruction and Development (EBRD)…



Cyprus:
+357 25 02 50 34
Singapore:
+65 315 91 676
Russia:
+7 812 458 46 22
Skype:
eltoma.0015