Singapore Is Going Cashless

Singapore is Going Cashless

Singapore is Going Cashless The days of paying with cash are slowly fading into the sunset. Singapore, one of the important 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 member of the Monetary Authority of Singapore, the Singaporean…

Which Business Is Good in Singapore?

Which Business Is Good in Singapore?

Which Business Is Good in Singapore? Many dream of owning and running their own business, but not everyone takes that leap of faith because of the fear and uncertainty of not knowing which business is good to start in Singapore. That, along with other factors such as a lack of start-up funding, networking, and capacity…

Do Not Mis-Label Staff to Avoid OT Payments

Do Not Mis-Label Staff to Avoid OT Payments

Do Not Mis-Label Staff to Avoid OT Payments Employers in Singapore apparently escaped paying their employees entitlements like overtime after they allegedly classified them as managers or executives. According to the Ministry of Manpower, there were about 50 such cases last year and from these 90 per cent had evidence to back their complaints. A…

Protection for Freelancers Introduced

Protection for Freelancers Introduced

  Protection for Freelancers Introduced   Good news for those into freelancing. To help freelancers mitigate the loss of income during a period of prolonged illness, the first standalone insurance product was introduced in June. With this new insurance, from GigaCover’s Freelancer Income Protection (Flip), all self-employed person can enjoy a daily cash benefit when…