Parliament Introduces Changes That Extend Labour Law to Singapore’s PMETs More of Singapore’s workers are set to benefit from protection and better working conditions under the Employment Act’s new proposed changes. The Ministry of Manpower (MOM) Singapore on Tuesday (2 Oct) tabled the Employment (Amendment) Act’s first reading in parliament.This changes will covered all Singapore’s…
Comprehensive Agreement for Double Taxation Avoidance Signed Between Singapore and Brazil On 7 May 2018, Singapore signed a comprehensive agreement with the Federative Republic of Brazil. The agreement pertained to the Avoidance of Double Taxation (DTA), and the agreement was signed between Singapore’s Minister for Foreign Affairs Dr Vivian Balakrishnan and Brazil’s Minister of Foreign…
Dear Valued Clients, Welcome to our E-Newsletter October 2018 October will mark the beginning of the final quarter of 2018. Before we move to October, let us have a quick look at Singapore’s economic performance in the past few months. Following the good performance in Q2, Singapore’s economic performance has seen strong performance in August.…
A Step By Step Guide for Foreigners to Start a Business in Singapore Starting a new business in Singapore as a foreigner is highly accessible through 100% foreign ownership, though professional guidance significantly simplifies the otherwise complex incorporation process for first-time international entrepreneurs. Six steps complete the journey. A Private Limited Company structure requires at…
Singapore Food and Beverage Service(12,000 Hawker Stalls) To Have Unified Payment System Singapore’s Nets system will be bringing cashless payments to 12,000 hawker stalls, canteens and coffee shops. In an attempt to unify what is currently a fragmented e-payment setting, Nets is the first “master acquirer” which will bring this system to the designated vendors…
NRIC Data to Get More Protection with Stricter Rules Singapore’s National Registration Identity Card (NRIC) is about to get a boost in protection from 1 September 2019. New laws in rules in place are set to make it harder to make copies of the NRIC, collect, use or disclose it. These rules are set to…
Dear Valued Clients, Welcome to our E-Newsletter September 2018 I hope this email finds you well! Singaporean economic’s expansion pace is expected to moderate in 2H18 due to the weakening global growth outlook, as well as increased trade tension of the global economy. Having said that, Singaporean economy has seen a steady growth in the…
What Can Consumers Expect After the Formation of Malaysia SST? It was in May this year that the Ministry of Finance in Malaysia declared the abolishment of the GST or the Goods and Services Tax. The government introduced the Malaysia SST or the Sales and Services Tax in its place. The nation’s tax system underwent…
An Overview of Singapore’s Labour Market 2018 What the Second Quarter of 2018 Looks Like in Singapore’s Labour Market Singapore has always been a strong performing nation, and 2018 is no different. The second quarter of 2018’s preliminary report of the labour market should positive growth in employment, despite the fact that unemployment rates…
We Explain the Entire Process of How to Start a Company in Singapore It is a known fact that Singapore is one of the important economic powerhouses in both Asia and the world. Despite its small size, the city-state’s robust economy makes it easy for local and international businesses to make their mark. As the…
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…