Ministry of Manpower: Better Pay for Private Sector Employees More private sector workers in Singapore took home much better pay cheques than what they did in 2016, said the Ministry of Manpower. According to reports, their real wages saw a 3.2 per cent growth, which is the slowest since 2013 when it was at 2.9…
ACRA Make Some Changes for Better Efficiency Beginning June 1, 2018, all customers who want to visit the Accounting and Corporate Regulatory Authority’s (ACRA) service counters will be required to book an appointment. According to the ACRA website, this can be done via the e-appointment system at least 3 working days in advance. By using the e-appointment system,…
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Signed To Lower Trade Barriers Across The Region In view of increasing protectionism, ministers from 11 countries recently signed a revised Trans-Pacific Partnership. The signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which took place in Chile signals a commitment to lower barriers to…
Better Protection Under Amendments To Employment Act in Singapore The Employment Act in Singapore will soon be amended to remove the S$4,500 salary cap providing protection to about 430,000 more professionals, managers and executives (PMEs). Manpower Minister Lim Swee Say said the only exceptions are public servants, domestic workers and seafarers who are covered separately,…
Drop in Singapore’s Headline Inflation Rate The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) recently revealed that Singapore’s headline inflation rate fell to 0 per cent in January this year from 0.4 per cent in December. According to a statement, the Consumer Price Index (CPI)’s year-on-year drop to…
Accounting and Corporate Regulatory Authority (ACRA) Takes Company Director To Court For Breaches Of The Companies Act A company director was recently fined $10,000 by the State Courts for lodging false information under Section 401(2A)(b) of the Companies Act. Amiira Samsuri, whose a director of Persian Garden Restaurant Pte Ltd, had earlier authorised a bank…