Corporate Registers Bill: Amendments passed to combat money laundering, terrorism financing

In Parliament on Jan 10, laws were amended to combat money laundering and terrorism financing. Firms are now required to keep a public register of nominee shareholders. This will provide more transparency, as a nominee shareholder typically acts on the instructions of the nominator. Local companies will need to update the register within seven days of being informed by the nominee shareholder, while foreign companies will have to do it in 30 days. Second Minister for Finance Indranee Rajah said this is unlikely to increase compliance costs.

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Singapore’s reinsurance industry: Opportunities for risk financing in climate change, digitalisation

Insurance could play a key role in supporting risk financing needs in Asia. Singapore said the industry is primed to provide support in areas like climate change and digitalisation. The remarks by Finance Minister Lawrence Wong came at the Singapore Reinsurance Conference. He said the industry can tap on technology to price risks more accurately.

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Downtown Line moving to new rail financing framework

The Downtown Line will transition to a new rail financing framework from January, which will see the Government cushioning losses suffered. This will reduce commercial volatility for operator SBS Transit, which is seeing falling ridership amid the COVID-19 pandemic.

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Greenberg Traurig Advises Penn Florida Companies on $335 Million Financing for Via Mizner

Global law firm Greenberg Traurig, P.A. represented Penn-Florida Companies in connection with a $335 million refinancing package to complete the development of Via Mizner, a luxury mixed-use project in downtown Boca Raton. This transaction is considered one of the largest real estate financings in Palm Beach County so far this year.

(PRWeb November 03, 2021)

Read the full story at https://www.prweb.com/releases/greenberg_traurig_advises_penn_florida_companies_on_335_million_financing_for_via_mizner/prweb18310473.htm

John Walsh: ‘Dirty Laundries’ likely financing Brian’s run

Former ‘America’s Most Wanted’ host discusses the Gabby Petito homicide case on ‘The Story’ #FoxNews
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Energetic Insurance Closes Series A Round Led By Schneider Electric Ventures With Participation From MS&AD Ventures to Transform Commercial Financing for Renewables

Energetic Insurance has now provided its first-of-its-kind credit insurance policy which covers payment default risk on commercial and utility-scale renewable energy projects to more than 160 projects totaling $70 million in insurance limit. On top of this commercial traction, they announced a $7 million Series A investment round led by Schneider Electric Ventures with participation from new investors MS&AD Ventures, MCJ Collective and Atlantic Global Risk which brings their total funding to $12 million.

(PRWeb October 08, 2021)

Read the full story at https://www.prweb.com/releases/energetic_insurance_closes_series_a_round_led_by_schneider_electric_ventures_with_participation_from_ms_ad_ventures_to_transform_commercial_financing_for_renewables/prweb18251204.htm

TMC Financing Helped the Owners of TownePlace Suites Natomas Navigate Challenging Environment to Finance New, 119-room Hotel Near Sacramento International Airport

Financing for the hotel industry is tricky, but financing for TownePlace Suites by Marriott Sacramento was a “doozy” according to Bruce Whitaker, Senior Vice President, TMC Financing. “SBA 504 enables a lot of upward mobility, especially among minorities,” said Fagundo. “I’m a first-generation Cuban. My parents worked very hard, so I got a good head start, but I would not have been able to do this project if it weren’t for the 504 program.”

(PRWeb October 06, 2021)

Read the full story at https://www.prweb.com/releases/tmc_financing_helped_the_owners_of_towneplace_suites_natomas_navigate_challenging_environment_to_finance_new_119_room_hotel_near_sacramento_international_airport/prweb18245088.htm