Singapore Government Aiming to Make the City-State a Cashless Society By 2025 The days of paying with cash are slowly fading into the sunset. Singapore, one of the most influential economic powerhouses in Asia, is moving to a cashless society. According to Ong Ye Kung, the Education minister of Singapore, who is also a board…
Singapore Food Agency to Replace AVA The Singapore Food Agency (SFA) will be formed on 1 April next year and it will take over any food-related work which is currently being conducted by the Agri-Food and Veterinary Authority of Singapore (AVA). The SFA is set to oversee matters related to food safety and security in…
Community Chest Heartstrings Walk on August 2018 3E Accounting Singapore has joined Community Chest Heartstrings Walk 2018 – August 2018. This year’s walk brings together people from all fields of the community, partners, volunteers and social service users, to signify a collective effort to build one community that shares, and a nation that cares.
Business Ideas to Start in Singapore this Year: Which Business Is Good for You? Many dream of owning and running their own business, but not everyone takes that leap of faith. This is especially because of the fear and uncertainty of not knowing which business is good to start. That, along with other factors such…
PayNow Corporate Is Finally in Singapore Businesses in Singapore will now be able to instantly receive and make payments with their Unique Entity Numbers (UEN), now that the PayNow Corporate e-payment services have finally been launched. As of 13 August 2018, PayNow Corporate is made available to all businesses, government agencies and corporate bodies whom…
Advantages of Setup of a Singapore Holding Companies for USA and Other Ventures When it comes to outbound investments, there is no other place in the world like Singapore. It is by far the most preferred jurisdiction for investors who are keen to set up a holding company in Singapore or companies in Singapore. …
Foreigners in Singapore Can Now Use CorpPass Through the CorpPass 2FA Application Here is good news for foreigners currently residing in Singapore. Even if you don’t have a SingPass, you will now be able to access and use CorpPass through the CorpPass 2FA mobile application. Owned by the Ministry of Finance and managed by the…
Rule Changes Make It Easier for Singapore SMEs to Bid on Public Projects Small business in Singapore may soon be able to start bidding for government projects with the new changes to the rules in place which make it much easier for small and medium enterprises (SMEs) to get in on the bidding game. SMEs…
All Singapore Business Will Be Required to Have CorpPass from 1 September 2018 Dear Valued Clients, Greetings from the team at 3E Accounting! Beginning 1 September 2018, it will now be mandatory for all business in Singapore to transact online using a CorpPass Account. The Singapore government announced last year that CorpPass will be the only acceptable…
Dear Valued Clients, Welcome to our E-Newsletter August 2018 Another month passed and we are in the third quarter of 2018. Let me walk you through of Singaporean economy as influenced by continuous challenges and global trade tensions. A Quick Look at Singaporean Economy Performance in Second Quarter Singaporean economy recorded a 3.8% growth…
Raising Concerns: Employers in Singapore Mis-Labeling their Staff to Avoid OT Payments Employers in Singapore apparently escaped paying their employees entitlements like OT payments after they allegedly classified them as managers or executives. According to the Ministry of Manpower, there were about 50 such cases last year. Among them, 90 percent of victims had the…
GigaCover Brings the First Insurance Protection for Freelancers in Singapore Here is good news for those into freelancing. Insurance protection for freelancers has been introduced in Singapore. To help freelancers mitigate the loss of income during a period of prolonged illness, GigaCover brought the first standalone freelancer insurance product in June. With this new scheme,…