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iFast Capital opening doors for investors with Malaysia's first ever multi-asset digital investment platform Published A - Kuala Lumpur, 1 April 2021 – iFAST Capital Sdn. Bhd., a wholly-owned Malaysian subsidiary of iFAST Corporation Ltd is announcing the launch of its latest stocks and exchange-traded fund (ETF) brokerage services on FSMOne in Malaysia - an online wealth management platform providing the widest range of products available to aid investors in their investment goals. In line with iFAST Capital’s commitment to provide the best of wealth management all under one platform, th...

Central Bank opens new Beneficial Ownership Register Updated / Monday, 1 Feb 2021 13:00 The new register was established by the Central Bank on foot of EU anti-money laundering and counter-terrorism directives Economics Correspondent The Central Bank has opened its Beneficial Ownership Register to make available information on the owners of certain types of investments and funds.   The Register was established on foot of EU anti-money laundering and counter-terrorism directives.  Its purpose is to deter money laundering and terrorist financing by preventing the ultimate identity owners of ...

12.5 per cent Note on CPF contributions for 55 & above: Over the next 10 years, CPF contributions for older workers will be gradually adjusted upwards to meet the full contribution rate of 37per cent (employee + employer). The CPF contribution rates will only drop after age 60. By the way, if you’re self-employed, none of the above applies to you. Any CPF contributions are voluntary EXCEPT Medisave contributions, which you’ll be prompted to pay after filing your taxes each year. Example Let’s say you are a 30-year-old earning a monthly salary of $5,000. Every month, your employee’s co...

The Securities and Futures Commission (" SFC") recently published updated FAQs in respect of the requirements applicable to a Type 1 licensed corporation or registered institution ("Type 1 custodian") that wishes to be appointed by a private open ended fund company (" OFC") as its custodian. The clarifications are helpful and further boost the attractiveness of using a private Hong Kong OFC as a hedge fund vehicle, as it is now clear that a prime broker can act as a custodian. What documents are required for the appointment of an Type 1 custodian such as a prime broker? For an application fo...

Dec 31, 2021 Tiger Brokers: $10 cash reward for new sign-ups Home-grown trading platform Tiger Brokers offers a mix of Singapore stocks, ETFs and REITs, as well as selections from popular global markets such as US, China and Australia. They also offer a mix of indices, commodities, bonds and futures, so there’s something for investors of all appetites and experience levels. Tiger Brokers sets very attractive pricing for its fees, starting at USD 1 cent per share for US stocks and ETFs, while service fees for Hong Kong, China, Australia and Singapore range from 0.06 per cent to 0.10 per cent...