Corporate cheques will continue to be processed until the end of 2026 By the end of 2026, corporate cheques will no longer be available in Singapore as the Monetary Authority of Singapore and the Association of Banks Singapore will be introducing two new e-payment solutions to replace retail and corporate cheque payments. Additionally, banks will…
Singapore continues to learn from best practices to top global public administration index Singapore was ranked first globally in the public administration index, according to the Blavatnik Index of Public Administration. The Blavatnik Index of Public Administration framework measurement measures broad areas of public administration such as national delivery, public policy, people and processes, and…
Singapore Emerges As the Leading Tech Startup Funding Hub in Southeast Singapore is poised to take its digital landscape to the next level with AI-cloud funding solutions for supportive enterprises. Led by technology leaders in the field, these solutions will give businesses the advanced tools to finally integrate artificial intelligence (AI) and cloud solutions into…
Upskill Initiatives in Singapore Designed for Carbon Services and Trading Growth Singapore has unveiled a new academy aimed at strengthening its position as a global leader in sustainability and carbon markets. The initiative will upskill approximately 300 professionals in carbon services and trading, providing specialised training in key areas critical to the sector’s growth. …
Singapore Emerges As Regional Leader in Tech Startup Funding In 9M of 2024, Singapore accounted for 62% out of 2.3 billion of the total tech startup funding, dominating Southeast Asia (SEA). Singapore supersedes Jakarta (14%), Bangkok (12%) and Taguig (3%) in the tech startup funding. The rest of the 9% are from the remaining SEA…
Anti-Money Laundering Rules in Singapore Now Have Additional Measures Singapore officials unveiled additional anti-money laundering rules pertaining to inter-agency data sharing, dormant entities and channels closure, and programs to encourage businesses to report suspected activities. After uncovering a massive money laundering network last year, authorities seized over $2.2 billion in assets and imprisoned ten foreigners.…
Singapore & Indonesia to Collaborate on Low-Carbon Power Singapore will be importing more low-carbon electricity in collaboration with Indonesia. In its effort to further strengthen the nation’s commitment to sustainable energy, Singapore has identified Indonesia as a key partner in this green goal. On Thursday, Senior Minister, Mr Teo Chee Hean, announced that Singapore will…
Singapore’s Tax Revenue Up 17% in FY23/24, Thanks to Corporate Income Tax Singapore’s tax revenue rose 17% ($80.3 billion) thanks to Corporate Income Tax (CIT) contributing 36.1% of the total revenue collected. Strong corporate earnings were a large part of this, followed by Individual Income Tax (IT). Other contributors include the Goods and Services Tax…