About Removal of Directors According to what it says in the Companies Act, the removal of directors depends on the ordinary resolution of shareholders. The term “directors” in this context refers to the directors of the company. This happens when the company constitution does not have other provisions. The shareholders must give a 14-day written…
ACCA Accounting and Business Magazine Features 3E Accounting’s Management 3E Accounting’s management was featured in the Association of Chartered Certified Accountants’ (ACCA) Accounting and Business (AB) Magazine. Management shared 3E Accounting’s decision to expand into Hong Kong and highlighted the importance of investing in technology and talent to support business continuity in the new business…
Responsible Retrenchment is Key to Providing Mental Support to the Chosen Ones Ever since the world caught the pandemic Covid19, all sorts of businesses are affected. Although some company may be at the end of a supply chain, just a fall in demand at any tier of the chain can have high consequences. Thus, most…
Innovative Approach to Medical Cost & Technology – 3E Accounting Covid-19 has given new meaning to the axiom of “Health is Wealth”. One of the key pillars of the Singapore healthcare system would be Medishield Life. Medishield Life is a key clog in the machinery which made Singapore work and where serious illness doesn’t bankrupt…
Strengthening Data Protection Standards in Singapore Strengthening Singapore’s data protection standards with mandatory notification and stiffer penalties for data breaches. Minister for Communications and Information Mr S. Iswaran recently presented a proposed amendment to the Personal Data Protection Act. The Personal Data Protection (Amendment) Bill is amongst four Bills that were introduced in Parliament recently.…
Safeguarding Digital Sphere in Singapore Businesses can now stay safe online with the Safer Cyberspace Master Plan 2020, which utilizes Artificial Intelligence towards safeguarding Singapore’s digital sphere. Singapore recently revealed the Safer Cyberspace Master Plan 2020, at the partially virtual opening of the Fifth Annual Singapore International Cyber Week. It was unveiled by Deputy Prime…
Singapore Jumpstarts Local Tourism with $100 SingapoRediscovers Vouchers The tourism industry in many countries – including Singapore, has been adversely affected by the closure of borders to prevent further spread of COVID-19. Amid global travel restrictions, Singapore’s government formulated a creative method to jumpstart local tourism with $100 SingapoRediscovers Vouchers. This initiative will help to…
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.…