Singapore Jumpstarts Local Tourism with $100 SingapoRediscovers Vouchers The tourism industry in many countries – including Singapore, has been adversely affected by the closure of borders to prevent further spread of COVID-19. Amid global travel restrictions, Singapore’s government formulated a creative method to jumpstart local tourism with $100 SingapoRediscovers Vouchers. This initiative will help to…
Singapore’s Debt Restructure – Micro and Small Businesses The Simplified Insolvency Programme aims to streamline Singapore’s debt restructuring for micro and small businesses. The Insolvency, Restructuring and Dissolution (Amendment) Bill was recently introduced in Parliament to streamline Singapore’s debt restructuring for micro and small businesses. The amendment proposed a Simplified Insolvency Programme to enable such…
Streamlining Singapore’s International Arbitration Structure – The Amendments Amendments to the International Arbitration Act seeks to firmly entrench Singapore as the preferred location for international arbitration. The latest amendments to the International Arbitration Act have made essential changes that will further facilitate and streamline the arbitration process. According to Mr Edwin Tong, second Minister for…
General Meetings – Singapore’s Updated Checklist General meetings can now be held virtually or physically – ACRA, MAS and SGD RegCo provide clarification and guidance on the essential points of the checklist. Listed and non-listed entities now have recourse to an updated checklist on the conduct of general meetings. Of importance is that the guideline…
Adopting Digital Earlier Than the Rest Makes Singapore an Asian Digital Leader In today’s world, it is mostly occupied with digitalisation. From merely ordering food, to retaining sensitive information, we seem to rely on computer power and digitalisation to make our lives easier. Admit it, only a few of us can recall the phone numbers…
Point-to-point (P2P) Support Package (PSPP) Extended to Help Taxi, Private-hire Car Drivers and Operators Tide Covid-19 Crisis In what appears to be a balancing act between public health and economy, Singapore’s Ministry of Transport hinted on a package of measures seen to alleviate economic difficulties taxi and private hire car drivers are facing amid a…