New Scoring System for Employment Pass Applicants from September 2023 From September 2023, Employment Pass (EP) applicants in Singapore will have a new scoring system in place. Any foreign professionals who want to live and work in Singapore will soon need to undergo and pass the new evaluation process. The process is point-based and will…
Singapore Reopens Borders and Welcomes Travellers The extensive vaccination campaign to fight COVID-19 has proven to be quite a success. Following the succession of the campaign, travel tourism in Singapore is already in the talks and is about to be announced soon. This means good news for business travellers and tourists, who can start packing…
Can’t Hire A Foreigner? Then Outsource It with 3E Accounting Should you hire a foreigner or outsource your company needs? That is the dilemma many investors in Singapore struggle with. Industries That Struggle With Finding Local Talent Construction is one of the biggest industries in Singapore that struggle to find local talent. It is…
Guide on How to Reduce Company Tax in Singapore Making a profit is the number one thing on every investor’s mind when they start a company. The second is how to reduce company tax. Taxes in Singapore Singapore has one of the lowest corporate tax rates on chargeable income in the world. This has…
Experts Believe Wage Growth in Singapore Will Continue, But With A Catch Experts are optimistic that wage growth will continue in Singapore. However, it will have to catch up on inflation. Supported by Global Economic Recovery The news of the continuing wage growth is good indeed. Experts believe that continuing wage increases will be…
The 3 Global Leaders of Digital Transformation: Electronics, Pharmaceutical, and Semiconductor Industries Three industries are leading the charge when it comes to global digital transformation. They are electronics, pharmaceutical, and semiconductors. These three industries are at the forefront because they are early adopters of advanced manufacturing concepts, technologies, and applications. This was one of the…
Is Hiring or Outsourcing HR Better for Startups and SMEs? The one question that many startups and SMEs struggle with is whether they should be hiring or outsourcing their HR requirements. When you’re a new business that hasn’t turned a profit yet, should you really be spending on outsourcing services? Especially when you have a…
Big Data in Accounting and How It Impacts Companies Big data in accounting represents an opportunity for accounting firms to expand and provide new services. In this article, we see what big data is, and how it can be beneficial for you. What Is Big Data? Big Data is defined as massive sets of…
Dear Valued Customers, Welcome to our first letter for the year 2022! On behalf of everyone at 3E Accounting, we wish you and your families a very Happy New Year. We’re very pleased to start 2022 on such a positive note with several highlights to share that have been happening across Singapore, Malaysia, and Hong…
Singapore’s Economy Still Records an Increase of 7.2% in 2021 Amid Pandemic In the face of the COVID-19 epidemic, Singapore’s economy increased 7.2 percent in 2021. This increase shows that the economy is returning from a recession in 2020. Singapore’s economy dropped by 5.4 percent in 2020, marking the country’s first annual contraction since 2001…
Migrate to Singapore with Ease Thanks to 3E Accounting Have you considered the possibility of migrating to Singapore? Immigration is easy with the help of 3E Accounting. This guide explains how. Why Migrate to Singapore? Singapore is a growing nation and for decades, it has always been a well-known business hub. Many people have…
Importance of Data Protection in Singapore: Rules and Implications The importance of data protection cannot be stressed enough. It is crucial that all businesses understand why protecting your data matters and the impact it could have if you don’t take it seriously. A Personal Data Breach and How It Happens A personal data breach…