Singapore’s Debt Restructure – Micro and Small Businesses The Simplified Insolvency Programme aims to streamline Singapore’s debt restructuring for micro and small businesses. The Insolvency, Restructuring and Dissolution (Amendment) Bill was recently introduced in Parliament to streamline Singapore’s debt restructuring for micro and small businesses. The amendment proposed a Simplified Insolvency Programme to enable such…
What to Know About the Singapore Budget for HR Department The Singapore budget for HR department was announced to the public in February 2019. It is considering the elections that happened in early 2020. Most of the initiatives are in favour of enabling a business continuity despite the epidemic and recession. Singapore has enhanced its…
Things You Should Know When Creating a Job Ad in Singapore Once you are finished setting up a company in Singapore, it is an important milestone to hire employees and make sure they are the right ones. That is deciding on who to welcome in your company involves serious decision making. When you are looking…
You Must Build Employee Productivity It is important to build employee productivity in every workplace, no matter what industry you are a part of. Recognizing the hard work of your employees can have a good impact on your company’s return on investment. In fact, the majority of workers work harder when their efforts are rewarded.…
The MOM Guidelines During COVID-19 Outbreak The Ministry of Manpower (MOM) together with the Singapore National Employers Federation and the National Trades Union Congress made an advisory on how they must handle the movement of employees during the COVID-19 outbreak. Singapore’s tripartite partners have acknowledged that employers have begun implementing measures to save on costs.…
Knowing the Wage Credit Scheme Updates 2019 in Singapore Singapore is known around the world for its efficiency and excellent employment system that lets employers take advantage of the Wage Credit Scheme (WCS). The Ministry of Finance and IRAS said that employers will receive over S$600 million in payouts. The Inland Revenue Authority of Singapore…