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Mr Pan’s misconduct, which led to the issuance of the prohibition order, occurred during his time as a representative of OCBC, where he was responsible for providing financial advisory services.
The suspension specifically affects Qoo10’s ability to process payments within Singapore through these covered services.
The currency's rally also reflects broader global financial dynamics. As central banks around the world, including the US Federal Reserve, adjust their policies in response to inflationary pressures and economic uncertainty, currencies like the Singapore dollar have benefited from shifts in capital flows and changes in interest rates.