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WEEKLY NEWS | 17 APRIL 2023 | 194 


JC Global is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) since 1996 specialising in cross-border money transfer, domestic money transfer and money-changing services.  It has 8 branches conveniently located in shopping malls and MRT stations across Singapore.  JC Global has been a trading partner with CYS since 2010.

Feature News
CYS Hosts Lunch for JC Global

Last Monday, CYS hosted a lunch for JC Global founder Mr. Colin Chan and his son Mr. Sean Chan, JC Global Business Development & Marketing Manager, at CYS in-house café...

Economy News
Bank of Canada seen on hold even as economy accelerates

TORONTO, April 9 (Reuters) - The Bank of Canada is expected to take in stride surprising recent economic strength and leave interest rates unchanged at its meeting on Wednesday, pinning its hopes on activity cooling as higher borrowing costs sink in, analysts said.

      Last month, the Bank of Canada became the first major global central bank to pause its rate-hiking campaign, after lifting its benchmark rate to a 15-year high of 4.50%. It said no further tightening would be needed if the economy slows, or even moves into a slight recession, as it expects.

While inflation has cooled in recent months, other economic indicators are pointing to an economy that is picking up pace from a sluggish fourth quarter.


Preliminary data last week showed..

Money News
Dollar gains on Fed rate hike bets, yen dips on Ueda comments

NEW YORK (Reuters) - The dollar firmed on Monday after Friday’s solid jobs report boosted expectations for a U.S. interest rate hike in May, while the yen weakened as new Bank of Japan Governor Kazuo Ueda signaled no hurry to dial back its massive stimulus.

U.S. employers hired at a strong pace in March, adding 236,000 jobs that pushed unemployment down to 3.5%, signaling labor market resilience that will keep the Federal Reserve on track to raise rates again next month...

China’s financial sector rocked by expansion of anti-corruption drive

Compliance News

China’s financial sector is reeling from a series of new corruption probes and a surge in surprise audits of venture funds, as President Xi Jinping sharpens his focus on an industry he sees as failing to serve the broader economy.


With Beijing’s graft- busting Central Commission for Discipline Inspection warning against...

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EMQ Business Development Manager Mr. Luke Wang paid a visit to CYS last Friday and had a lunch in CYS in-house café with some of our senior officers before heading back to his Head Office in Taipei.   EMQ is one of CYS payment servicing providers providing us broad-based settlement…

Feature News
EMQ visits CYS

Last week's CYS Easter Eggs Competition was a resounding success, with many impressive and creative design entries submitted by talented staff members. There were two surprises on that day, first there was no third prize winner simply because it was a tie for the second prize.  The winners for the second prizes

Feature News
Easter Egg Competition Winners

were Chief of Staff Ms. Jesline Ng and Office Facility Management Manger Ms. Sarah Tham for their... 

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