Singapore’s Fund Transfer Service PayNow Will Soon to Be Rolled Out to Government Agencies Singapore is marching forward with its Smart Nation initiatives, its latest move involving PayNow. This service will bridge the final gap in e-payments. All government agencies will soon have access to PayNow, including statutory boards. Making payments from fines to school…
Singapore’s Padang to Become National Monument Along with Elgin, Anderson and Cavenagh Bridges The Padang, along with nearby Elgin, Anderson and Cavenagh bridges in Singapore will soon be recognised as national monuments. Padang is the de facto town square, home of Singapore’s National Day Parade this year. As the de facto town square, the Padang…
Singapore Government Agrees to Annual Increment and PWM Bonus for Landscape Maintenance Sub-sector’s Employees The Singapore government has agreed to give employees in the landscape maintenance sub-sector an annual increment and bonus. This agreement comes following the addendum put for the in the Tripartite Cluster for Landscape Industry (TCL)’s report. The TCL requested that Progressive Wage…
Singapore’s Labour Commission Adopts TCC’s Progressive Wage Model (PWM) Proposals for Singapore Cleaners Singapore Commissioner for Labour adopts the Tripartite Cluster for Cleaners (TCC)’s proposal for progressive wage raises for Singapore cleaners. TCC issued a report which recommends that progressive wage models (PWM) be introduced and implemented annually. TCC, a Ministry of Manpower Singapore (MOM)…
Mandatory Registration of Drones in Singapore All drones will soon require mandatory registration in Singapore, and failure to do so may result in harsher penalties for pilots. Pilots will also be required to abide by a new licensing framework, applicable if they operate larger drones. The registration of drones is likely to take place by…
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…
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…
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…
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.…
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…