Category Archives: Blog

Many small and medium sized enterprises (SMEs) are hit with a myriad of issues to deal with because of the pandemic. This includes rent and the bleak economic situation. Whilst some landlords are offering help to their tenants, there are others who have not. To aid these businesses, the Parliament passed a law on 5 … Continue reading Law passed to aid small and medium sized businesses→

Minister for Trade and Industry, Mr Chan Chun Sing states that Singapore is set to reopen most of its economy in June. Singapore had introduced the circuit breaker measures in early April to ease the spread of the pandemic, these measures are to be eased in three phases starting from 2 June. He confirms that … Continue reading Singapore set to reopen 80% of its economy→

Singapore and China have agreed to enable official and business travel between the two countries from this month. In a press statement, the Ministry of Foreign Affairs stated that this arrangement would be subject to Covid-19 preventive and control measures. Essential travel will be allowed between Shanghai, Tianjin, Chongqing, Guangdong, Jiangsu, Zhejiang and Singapore. The … Continue reading Essential Travel Arrangement between Singapore & China→

The outlook for Singapore in 2020 has become uncertain not least due to the COVID-19 global pandemic. Ministry of Manpower’s (MOM) key challenges are to prevent large-scale job losses, prevent a scaling back or reversal of wage increases, and prepare Singapore businesses and workers for jobs of the future when the world reopens for business … Continue reading Revised Rules for Foreign Employees→

The coronavirus pandemic is spreading globally and because of this, Singaporean owned businesses are facing a slump overseas. People are being advised to socially distance themselves and avoid gatherings, this is leading to a large dip in foot traffic for restaurants and other stores. Some other pop up stores have to be ready for most … Continue reading Covid-19: Singaporean businesses overseas facing a slump→

A total of 32 companies have returned the government payout from the Job Support Scheme as of 9 May. The $35 million collected from the returns will be used for future JSS payouts. Some of these companies have also pledged to return future JSS payouts. The Job Support Scheme was announced as part of the … Continue reading S$35 million returned from Job Support Scheme Payout→

The Singapore Government has consistently introduced new funds and grants for various groups of Singaporeans affected by the coronavirus pandemic. The temporary relief fund, the Covid-19 support grant and the courage fund are the main tiers of grants introduced. Whilst the above funds/grants assist individuals and households in these difficult times, other relief measures have … Continue reading Relief for Singaporeans amidst Covid-19→

The Chartered Secretaries Institute of Singapore had organized update sessions for the Accounting and Corporate Regulatory Authority (ACRA) to announce new initiatives such as the amendment to the Companies Act to require the particulars of nominators of nominee shareholders to be disclosed and the implementation of a centralized register of controllers. Companies registered in Singapore … Continue reading ACRA’s upcoming initiatives→

The Singapore Exchange (SGX) has announced that it will allow more companies to delay holding their AGM and financial results for two months. It was previously announced that this allowance was to be afforded only to companies which has China as its principal place of business or have significant operations there or if the company’s … Continue reading Coronavirus Outbtreak: SGX allows extended deadline for AGMs→

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