Firms in Singapore Are Being Incentivised to Hire Locally in the Next Few Months The Singapore government is offering a job growth incentive in a bid to urge companies to hire more locals within the next few months. Any company that hires more locals will receive help. The Government will pay for up to half…
New Lodging Requirements as of 30 July 2020 Companies in Singapore will have a new responsibility in addition to the requirement of keeping a Register of Registrable Controllers (RORC). They must now lodge the RORC information with ACRA’s central RORC too. ACRA (Accounting and Corporate Regulatory Authority) needs this to be done by 29 September…
Opening a Bank Account is as Easy as Scanning Your Face Facial scans will be the new way of opening a bank account in Singapore. This service will be known as the SingPass Face Verification. It is a new safe and secure online banking way that was launched on 30 July 2020. It was launched…
Greater Security Measures in Place Ensure the Safety of Singaporeans When Transacting Online Singapore’s national authentication system is about to be improved as the planned SingPass upgrade is set to ensure greater online security. Developed by GovTech, the movie is already in place to find a contractor. GovTech is sourcing a suitable candidate who can…
1.9 Million Workers Will Be Aided With 4 Billion Dollars Through the Jobs Support Scheme (JSS) From 29th July The Job Support Scheme (JSS) was designed and launched by Unity Budget to save jobs and help businesses pay wages of roughly 1.9 million workers. The initiative was created to aid struggling businesses to retain their…
Understanding the Latest Buzzword: Travel Bubble Travel bubble, travel corridor, corona corridor are the latest positive buzzwords during this troubling time of the pandemic. But what are they, and why should we be excited about it? What is a Travel Bubble? More and more countries are adopting the travel bubble. Although we’re in the…
COVID-19 Report Card to Assess Pandemic Readiness Experts have created a report card to measure the readiness of a country in handling outbreaks. The COVID-19 Report Card will have several indicators to evaluate the countries’ preparedness in combating a pandemic. Inaccuracy of GHSI Pandemic preparedness has not equated to effective pandemic management. Assessments such…
Fair Hiring to Be Strengthened Within the Nation Starting 1 October 2020, Singapore employment agencies will have new licensing conditions. This is a bid by the Ministry of Manpower (MOM) to strengthen fair hiring. MOM intends to work alongside progressive employment agencies (EAs). Together, they will help secure traineeship and job packages for Singaporeans. This…
Singapore Continues to Remains the World’s Most Competitive Economy The 2020 edition of IMD’s World Competitiveness ranking has been released and Singapore continues to remain the world’s most competitive economy for the second year in a row. The ranking analyses a total of 63 economies on their ability to generate prosperity and has been published…
Singapore’s Phase 2 Reopening – More Shops and Activities Permitted 19 June More Outlets and Social Gatherings of Up to 5 People Allowed From 19 June Onwards Singapore’s Phase 2 reopening will see more retail outlets and dining in at F&B’s allowed from 19 June onwards. Activities That Will Be Resuming Permitted activities…