Micro News

On the 1st of November 2017, Mick Davies, 57, a Singapore citizen and business tycoon once ranked by Forbes as the richest men in China was arrested for entering Singapore using a forged Hong Kong passport as he felt that he was “suddenly in fear for his life". After being in China for 3 months from…


A spokesperson has released a statement Hellenic Banks mentioning that current regulatory requirements for banks within in the EU are excessively harsh; which discourages investment into the local economy and the consolidation of the banking sector in Cyprus. Mr Ioannis Matsis is the banks’ Executive…


This week, the Cyprus Minister of Justice together with the Supreme Court made plans to establish a new commercial court as part of a scheme to modernise the legal and justice system in Cyprus.  In a published statement, the Minister stated the court would have precedence over contract claims or business…


According to the Inland Revenue Authority of Singapore (IRAS), for the second consecutive year there were a record number of filled tax returns – 96%. Almost all returns were filed electronically (97%). The number of declarations filling through various gadgets, smartphones and tablets also increased.…


The President of Cyprus assured Russian businesses that they could count on support in the face of adversity by the Cypriot Government. In addition, the President is ready to start taking real actions: in particular, to the signing by the parties of an agreement on avoidance of double taxation with respect…


As Greek newspaper Kathimerini reported, the Frankfurt court rejected the requests of special administrator of the Cyprus branch of Tanzania’s FBME Bank Ltd, Chris Iacovides, additional to the information on the closed accounts of the FBME Bank’s account owners. In response, Iacovides said he is the…


Last Thursday, MasterCard announced the beginning of issuing new generation cards. This time, the new Bank cards will combine chip and fingerprint technology. It is necessary to confirm the identity of the cardholder when using  it in stores. This should provide protection from fraud, because only the…


US President will cut taxes

US Banks and insurance companies asked US President Donald Trump to cut the tax rates of certain levies. Companies in the US have reported having to pay too high taxes in the post-crisis period. Donald trump turned to the US Treasury on the revision of the tax burden for US residents; he then vowed to…



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