Report on Wage Practices 2016 Release by MOM 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…
Deadline for Share Warrant Holders SINGAPORE: The Ministry of Finance recently issued a statement reminding all bearers of share warrants to surrender the warrants for cancellation and have their names entered in the register of members of the issuing companies before 1 July 2017. The ministry cautioned that outstanding warrants that are not surrendered by…
Top Spot as the Maritime Capital of the World Singapore does it again Singapore has successfully retained the top spot as the maritime capital of the world for the third year running. According to the third edition of Menon’s Leading Maritime Capitals of the World Report, Singapore was ranked tops in the following three…
Public Holidays in Singapore for 2018 The Ministry of Manpower Singapore has released the dates of the upcoming 2018 public holidays happening in Singapore. These dates may be modified if official changes are announced. These announcements are very handy to give way for initial planning and schedules of family trips and business vacations. In a…
Companies Act Amended to Enhance Transparency in Singapore as a Global Hub for Businesses The Companies Act was amended in Singapore with the aim to ensure that corporate regulatory regimes continue to remain robust. The changes were also done with the aim to support Singapore’s growth as a global hub for businesses and investors. To…
Best Place for Start-up Talents SINGAPORE: The Republic scored another feather in it’s cap when it recently surpassed the famed Sillicon Valley to become the best place in the world for start-ups to hire talent. Based on a global survey of 10,000 start-up founders spanning across more than a hundred cities, Singapore ranked number one…