Singapore’s Banking Liberalisation Progress Enters a New Chapter With Digital Financial Servicing Singapore’s visionary outlook will open doors to digital banking to help serve new segments of entrepreneurship and customer-oriented needs. Nations worldwide are working towards enhancing consumer needs in every aspect of their lives, even in this digital age. Living in a Digital…
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The Monetary Authority of Singapore (MAS) Updates Its E-payments Guidelines Based on Customer Feedback Customers of financial institution can continue setting a threshold of e-payment notifications even when the guidelines take effect end of June 2019. Customers of financial institutions and banks are advised to receive an alert whenever the customer makes an electronic payment…
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Foreign Workers Still Prefer Working in Singapore and Were in General Happy and Satisfied With the Working Conditions They Had Singapore continues to rank favourably among foreign workers as among the best places to work and live. Thanks in large part to the government’s consistent efforts at fostering ideal working condition in Singapore to attract…
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Revised Operating Hours of Certain Offices Under MOM From 3 June Onwards Singapore’s Ministry of Manpower (“MOM”) has announced that certain offices under MOM will change the operating hours from 3 June onwards. Both Hall C of the MOM Service Centre and the Employment Pass Service Centre are the offices with the newly revised operating…
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Rules on CPF and HDB Housing Loan Changed – Less Rigidness to Buy a Home for Life While Preserving the Retirement Competence Singaporeans whom intend to buy a home as a long term investment, the guidelines on CPF usage and HDB housing loans have been altered to provide more flexibility whilst protecting their retirement acceptability.…
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Singaporean Government Accepted National Wages Council (NWC) Guidelines for 2019/2020 With Open Arms In a recent press release on 30 May 2019, the Singaporean government has welcomed and accepted the National Wages Council (NWC) Guidelines for 2019/2020. The National Wages Council (“NWC”), convened in April and May 2019, has formulated structured wage guidelines for the…
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Have You Filed Your Corporate Tax for Season 2019? It’s corporate tax season again in Singapore. Companies can begin filing their Year of Assessment (YA)’s for 2019 as corporate tax filing season is now open. Companies can submit their YA e-File’s via their CorpPass at Inland Revenue Authority (IRAS)’s myTax Portal. If your company has…
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Entrepreneurs Need ACRA’s Essentials of Starting a Business (ESB) to Build, Start and Maintain a Successful Business in Singapore If you’re an aspiring entrepreneur eager to make your breakthrough success, the Essentials of Starting a Business (ESB) online course is what you need. Provided online for free, the Accounting and Corporate Regulatory Authority (ACRA) Singapore…
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Permanent Residency (PR) in Singapore Should Keep Families Together The permanent residency offered in a country is usually to retain talent, yet it can also be critical to ensure a future for a family unit. Often foreigners that live and work in another country would require work permit or visas to be renewed after a…
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Jobs in Singapore for Foreigners Been Significantly Impacted in Recent Years by Tighter Regulations Landing good jobs for foreigners in Singapore is becoming increasingly more difficult, thanks to the tighter guidelines enforced to protect the locals. Despite its small size, Singapore has always had ambitious drive when it comes to economic growth. For years, it…
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Children Deserve to Be Children, to Live, Learn and Play Comfortably, Safely and Most Importantly, Happily Singapore is recently ranked as the best country for children to survive, live, learn, play and grow to become well-rounded adults, beating European countries. For years, European countries have dominated the spot for being the best place for children…
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Singapore Tops Competitive Economy Ranking – Jumping from Third Place Last Year to First Singapore emerged top in the competitive economy ranking, two weeks after another report on quality of life showed that the country had improved its ranking. Singapore has emerged as the world’s most competitive economy, jumping from third place last year to first. The Lion…
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