Singapore Government Agencies Merge for Greater Effectiveness In an effort to help companies grow and internationalise in Singapore, two government agencies – International Enterprise (IE) Singapore and SPRING will merge and form a new agency, said the Ministry of Trade and Industry (MTI). The merged agency will be set up by April next year ad…
DetailsNew MOM Employment Rules for Singapore Companies 2017 The recent announcement of MOM rules sees some new legislative changes. Among others, the increased paid paternity leave and mandatory retrenchment notification are the new changes that attract the public’s attentions. 1. Increased Paid Paternity Leave As of 1 January 2017, working fathers will be entitled…
DetailsNew Enhanced Singapore EntrePass promises numerous positive changes to help Global Entrepreneurs The Ministries of Manpower; Trade and Industry along with enterprise evaluation agency, Spring Singapore and Startup SG recently announced enhancement to the evaluation criteria to allow founders of global innovative startups to enter and establish business in Singapore during the early exploration stage.…
DetailsConsumers to Benefit Most from Amazon-Alibaba Rivalry Amazon recently launched it’s express same-day delivery services, Prime Now – allowing users in Singapore to place orders for fast delivery on a variety of items. The launch marks the e-commerce giant’s first foray into the Southeast Asian market. The items available to fast delivery include among others,…
DetailsEnhanced Directory Search Function in BizFile+ The provision of the free Business Profile is part of ACRA’s effort to help businesses reduce business costs, and to ease administrative burden, encourage timely filing and facilitate record keeping. Singapore’s Accounting and Corporate Regulatory Authority (ACRA) recently announced that it will be offering all newly registered or incorporated…
DetailsLabour Market Report 1Q 2017 The labour market situation remained mixed, with the overall and resident unemployment rate unchanged from the previous quarter, while redundancies declined. At the same time, the resident long-term unemployment rate edging up slightly compared to a year ago. Resident unemployment rate remained unchanged, while long-term unemployment rate edged up slightly…
DetailsForm C and Form C-S for YA 2017 are Now Available Form C and Form C-S for YA 2017 are Now Available. You can download at here. Need help for corporate income tax preparation? Contact our qualified tax agent today.
DetailsAlibaba launches Tmall retail site Chinese e-commerce giant Alibaba Group Holding Ltd is now targeting the sizeable 500 million population from South-East Asia, namely, Singapore, Malaysia, Hong Kong and Taiwan With product offerings, promotions and logistics, these countries are experiencing rapid growth in terms of new users. Following the launch of the new service, Tmall…
DetailsBazaar operators faces 19 charges for hiring foreigners without valid Work Passes The Ministry of Manpower (MOM) charged a 40-year-old Singaporean man, Sao Wei Loon (Sao), in the State Courts today for hiring 19 foreigners without valid work passes to work at pasar malams (night markets) in Singapore last year. If convicted, he faces a…
DetailsReport on Wage Practices 2016 release The proportion of profitable firms declined from 79% in 2015 to 76% in 2016. As the majority of firms had put in place a wage system that gave flexibility to adjust wages according to business conditions, wage increase continued to moderate. The proportion of employees who received total wage…
Details
