News

Singapore Employment Market Showing Healthy Indicators Again (MOM)

Earlier this month, the legislative body for labour forces in Singapore, the Ministry of Manpower (MOM) released positive statistical data regarding the Singapore employment markets growth last year and the reported increasing employment of local employees specifically.


Cyprus Misses Deadline to Retain Halloumi Cheese Trademark

After several appeals back and forth, the Cyprus government have lost the trademark for halloumi cheese after it had earlier been revoked by the UK’s Intellectual Property Office.


EC to Establish New Data Exchange for Citizenship-by-Investment Schemes

The European Commission’s enquiries into citizenship-by-investment programmes are still on-going, as new agreements seem closer to establishing an automatic exchange of applicant data between European Members into practice.


The Cayman Islands has recently introduced new legislation from January 1st 2019 requiring certain legal entities to demonstrate adequate economic substance regarding taxation in the Cayman Islands. Any company registered in the Cayman Islands going forward must adhere to the new guidelines which have been implemented as a result of OECD guidance and concerns from the EU Code of Conduct Group (COCG).


Singapore & UK Announce their Partnership for the Future

This week, Singapore and the UK broadcasted the launch the creation of a future alliance to strengthen and develop relations between the two influential jurisdictions in Europe & Asia respectively.


How Google Avoided EUR €20 Billion in Taxation Using Irish Loophole

According to documents filed at the Dutch Chamber of Commerce, Googles Dutch subsidiary Google Netherlands Holdings reportedly moved almost EUR €20 billion to Bermuda in 2017, as part of a legal loophole known as the Double Irish, Dutch Sandwich a scheme that allows companies to reduce their foreign taxes by a substantial amount.


Could Asia Take Over US as Worlds Largest Economy in 2019?

As 2019 opens its doors, economists are predicting a not too distant shift in world powers due to new dynamics in Northern Asia that could bring substantial consequences to the worlds most dominant economies.


Cyprus Climbs in 2018 Global Prosperity Index

Legatum Institute from the UK have released their 2018 global prosperity index and this year and ranked Cyprus in 28th place out of 150 other countries, climbing from 29th spot for last year in terms of overall prosperity, a general test for residents’ welfare and living standards.


Hong Kong Launch First Online Trading Platform Using Blockchain Technology

A new blockchain-based trade finance platform called eTradeConnect has been established by the Hong Kong Monetary Authority in order to improve trading efficiency and increase security when using e-bills online. The platform has been developed by an assembly of 12 major banks in a project that started last year after several test-periods were trialed.