Micro News

Micro News

In the face of recent comments of money laundering schemes in the island, it must be noted that Cyprus has one of the most sound anti-money laundering and counter-terrorism financing regulations in the world. Cyprus complies with the US Foreign Account Tax Compliance Act (FATCA) and was among the first…


FBME: Court rejects request for rehearing

A US appeals court has rejected the application for a rehearing of their rejected appeal by the owners of Tanzania’s FBME Bank. In April, the bank and the owners of FBME disputed the court’s decision in the first instance in order to not overthrow the decision of the Finance Crime Enforcement Network…


  According to data from McKinsey & Company, there are 19 megacities that are expected to control the world in the future. Here are a few examples: First of all, according to the research, the population of London is expected to increase from 14.8 million to over 16 million by 2025.  London’s GDP is…


  Mr Sahat Wahab’s nasi padang stall at Tiong Bahru Market is one of the 80 plus stalls that does not have a mobile payment option. Moreover, only one in six stalls offer the option of mobile payment at the food centre. For example, Mr Sahat has concerns about offering a mobile payment option. He has…


The Finance Director of HSBC, Iain Mackay, has stated that the bank may move less than 1000 jobs to Paris following Brexit. According to reporters, Mackay stated "It may be less than 1000 employees, but it's up to 1000". HSBC’s investment bank in London currently employs approximiately around 5000 people. Mackay…


Last Monday, lawmakers appeared to be welcoming the idea of initiating a fund to compensate investors and depositors who lost money in the 2013 banking crisis. The lawmakers agreed to discuss the idea at the House Finance Committee, alongside Finance Minister, Harris Georgiades, this Monday the 6th …


Singapore aims to boost its current status as a foreign-exchange and wealth management centre which is part of the projected plans to design morefinancial-sector jobs and diminish the effect of quick changes in technology. On the 30th of October, the Monetary Authority of Singapore (MAS) stated that…


Singapore: Least Stressful Asian City

According to a study carried out by an European dry-cleaning and laundry service, Zipjet, Singapore is the least stressful Asian city in the world. Singapore was ranked as 42nd out of 150 cities in the study. Following this, the most stressful city in the world stands to be Baghdad in Iraq. Zipjet…


Singapore: Loopholes in gig economy

According to the consultancy firm Deacons, there are considerable loopholes in Singapore’s gig economy. Deacons believe that the loopholes are evident within employment regulation in the gig economy. Freelancers for gig companies such as Airbnb are unfortunately not protected by any employment policies.…



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