Kaisa bondholders reject Chinese developer’s debt swap proposal
HONG KONG (BLOOMBERG) – Kaisa Group Holdings failed to win approval from bondholders for a debt swap designed to avert default. The firm had sought to exchange its US$400 million […]
Man allegedly cut printouts of currency notes as part of purported counterfeit conspiracy
SINGAPORE – A man who allegedly cut printouts of currency notes, as part of a purported conspiracy to counterfeit such notes, was charged in court on Wednesday (July 7). Mahadi […]
Singaporeans encouraged to give e-hongbao this Chinese New Year as safer, environmentally friendlier option
SINGAPORE – With Chinese New Year around the corner, the “hongbao” – or red packets – traditionally exchanged during this period are on the minds of many Singaporeans. While hongbao are […]
MAS will take action if CoAssets unit has breached regulations
The Monetary Authority of Singapore (MAS) will review and take necessary action if CoAssets’ licensed subsidiary – now known as CA Funding – has breached regulations. As a matter of […]
MAS to stop issuing $1,000 notes over money laundering, terrorism financing concerns
SINGAPORE – The Monetary Authority of Singapore (MAS) will stop issuing the $1,000 note from January next year to minimise the money laundering and terrorism financing risks associated with such a […]