Foreign Domestic Worker (FDW) Levy Concessions Extended in Singapore Concessions to Be Extended From 1 September 2019 The Foreign Domestic Worker (FDW) levy concession will be extended in Singapore beginning 1 September 2019. The extension will include extended family members or friends of those under the FDW employer. However, those who need caregiver assistance…
WIC 2019 Bill to Provide Better Workplace Injury Coverage Employees to Get Wider Coverage and Higher Pay-Outs for Workplace Injuries Singapore’s Ministry of Manpower (MOM) introduced a new Work Injury Compensation Bill (WIC) 2019 to provide better coverage for Singapore employees. The changes introduced by WIC 2019 Bill are meant to improve the system…
Taxes in Singapore at $52.4 billion For FY 2018/19 IRAS Pulls in $52.4 Billion in Taxes, a 4.4% Increase From Last Year It’s a good FY 2018/19 in Singapore, as taxman pulls in $52.4 billion in Singapore taxes amid healthy economic expansion. The Inland Revenue Authority of Singapore (IRAS)’s annual report said this year’s…
CareShield Life Long-Term Disability Insurance Approved Long-term Disability Insurance Soon Compulsory in Singapore In a move to bridge the gap between healthcare and ageing, long-term disability insurance CareShield Life will be compulsory. Singaporeans born in 1980 onwards will be eligible for CareShield Life, which will provide the severely disabled with the basic care they…
Monetary Authority of Singapore (MAS) Outlines Eligibility Criteria For Digital Bank License Application The Monetary Authority of Singapore (MAS) announced that the application for new digital bank licenses from non-bank players is now opened. The regulator is expected to award up to five digital bank licences by mid-2020 and the successful applicants are expected to…
Both Employees and Employers Can Look Forward to All-inclusive Insurance Coverage at the Workplace Injuries while working can be prevented with better safety practice. Accidents will always happen, and injured employees should receive compensation from their employers. Some organisation are efficient at providing benefit to injured employees. Some organisation may lack the appropriate knowledge in…
Intellectual Property Initiatives Launched in Singapore Singapore Firms to Receive Support for Patents, Trademarks and Brands Singapore moves one step closer to becoming a trusted global intellectual property (IP) hub with the launch of new intellectual property initiatives. The Intellectual Property Office of Singapore (IPOS) announced a series of new initiatives to support the…
Trusted Data Sharing Framework Announced in Singapore New Guidelines for Trusted Data Sharing Among Businesses Singapore has announced the first comprehensive Trusted Data Sharing Framework to help facilitate data sharing between organisations. The framework was developed by the Infocomm Media Development Authority (IMDA) and the Personal Data Protection Commission (PDPC). It established a set…
New Accreditation Programmes Will Help Boost Consumer Trust in Businesses How can a consumer trust a brand to deliver top-quality standard products? Most renowned brands put their products and services through rigorous tests and certification. Hence, accreditation helps both brands and consumers by ensuring that products and services in the market meet the required quality…
Launched of IPOS Entity to Help Drive Business Growth New One-stop IPOS Centre for Even Greater Business Convenience Singapore is moving towards becoming a trusted Intellectual Property (IP) hub. The launch of its new IPOS entity is a step in that direction. IPOS International is the new entity of Intellectual Property Office of Singapore…