Changes in SSIC code for Business Activity for some Business Entities Due to changes in the Singapore Standard Industrial Classification (SSIC) issued by the Department of Statistics, the SSIC code for the business activity of some business entities will change. SSIC 2015 incorporates recent changes in economic activities to better reflect the current structure of…
Chinese Development Assistance Council, and How it Empowers the Chinese Community In the early 1990s, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Singapore Federation of Chinese Clan Associations (SFCCA) created a non-profit organisation to uplift and support the Chinese community. Since its establishment, this organisation, the Chinese Development Assistance Council (CDAC),…
Why Do You Need to Outsource Your Company Secretarial Service in Singapore? It is a MUST for every company to appoint a company secretary within six months of incorporation. So, who can serve as your company secretary? Company secretary should be a Singaporean citizen, permanent resident or Singapore Employment Pass / EntrePass / Dependent Pass…
A Safe Environment Begins With A Clean Natural Surroundings [ngg src=”galleries” ids=”57″ display=”basic_thumbnail” show_slideshow_link=”0″] The world we live in is our responsibility. This has been drummed throughout generations, yet many more have yet to understand how it affects us, literally. As much as we can, we harness and exploit the riches of the earth to…
The Singapore Indian Development Association (SINDA) was formed in 1991 to uplift the Indian community in Singapore. With a focus on socioeconomic development, SINDA offers various programs and services to support individuals and families. One of SINDA’s key objectives is to ensure that every member of the Indian community in Singapore is given equal…
6 Things You Need To Do After Your Company Has Setup After setting up your business, what is the next step? There are 6 things you should know and need to do after your company has setup, which includes accounting and bookkeeping, prepare financial statement, report income tax, register GST, hiring of staff and business…
Why Singapore is the best place to start your business in Asia? The choice you made where to start your business is very crucial. As each country has its own sets of variables that come into play. Hence, before making any decision for setting up company Singapore, thorough consideration has to be done. If you…
Dear Reader, Welcome to our E-Newsletter November 2016 We are glad to present you our newsletter for November. What’s new and exciting this month? Ready to Support In this issue of newsletter, we are glad to share with you that we are now one step further into our expansion quest by welcoming our new network…
Managing Director Charged For Collecting Over $105,000 In Kickbacks by MOM On 11 October 2016, the Ministry of Manpower (MOM) charged Ng Boon Cheng (Ng), the Managing Director of Lian Lee Wooden Case Maker Co Pte Ltd, with 20 counts of collecting kickbacks amounting to $105,235 from 20 of his foreign workers, as a condition…
ACRA issued second report on key findings from reviews of listed companies’ financial statements Companies are responding positively to measures taken to improve quality financial reporting instituted by ACRA’s Financial Reporting Surveillance Programme (FRSP). In the second annual FRSP report issued, it was observed that companies took quick action to rectify financial reporting gaps highlighted…
Why You Should Consider Expanding to Asia? Whether you’re a US based business owner or a European entrepreneur, if you’re looking to achieve global success, then it makes sense to penetrate into newer markets and cater to target audience located internationally. Consider expanding to Asia to experience success like never before as Asia has become…
Expanding and Setting Up a Business in Indonesia to Enhance Business Growth Recognised as the land of opportunities among both local and international entrepreneurs, Indonesia is becoming one of the most sought after places among business owners to setup operations. In South East Asia, Indonesia is known for having the largest economy with roughly half…