The Limited company (Ltd.) is the most popular entity type to register in Singapore under the Singapore Companies Act. Key Feature of a limited company: A limited company’s liabilities are limited by the amount of share capital and the liabilities of the owners are limited to the share capital subscribed by them. A limited company … Continue reading The Advantages of Setting of Limited Company in Singapore
Monthly Archives: August 2019
Anti-Money Laundering/Countering the Financing of Terrorism in Singapore
As an international financial centre and transport hub, Singapore supports global efforts to combat money laundering, terrorism financing and proliferation financing. Thus, since November of 2014, financial institutions operating in Singapore are required to put in place robust controls to detect and deter the flow of illicit funds through Singapore’s financial system. Included within this, … Continue reading Anti-Money Laundering/Countering the Financing of Terrorism in Singapore
2019’s Best Airlines in the World
The moment has arrived and Skytrax has released this year’s list of best airlines in the world for 2019. Skytrax ranks airlines based on more than 21 million survey responses from airline passengers. This year, no US-based airlines made the top 20. The list goes as follows: Rank: Airline: Photo Source Description: 1 Qatar Airways … Continue reading 2019’s Best Airlines in the World
Singapore mobile wallet start-up YouTrip just sealed S$34.9 million in pre-Series A funding
YouTrip, a Singapore-based financial technology start-up and creator of Singapore’s first multi-currency mobile wallet, amassed a record S$34.9 million in pre-series A funding in less than a year since its founding. The company announced this in a statement that the multi-million dollar funding round raised is the largest for a fintech start-up in Southeast Asia. … Continue reading Singapore mobile wallet start-up YouTrip just sealed S$34.9 million in pre-Series A funding
Singapore’s Gender Wage Gap
Singapore ranks as one of the leading countries in the world in terms of closing the gender wage gap. However, the data released by the Ministry of Manpower revealed that the gender income gap in Singapore has not improved in any way in the last 10 years. In the World Economic Forum’s annual global gender … Continue reading Singapore’s Gender Wage Gap
Aircraft company Volocopter is bringing to Singapore its first-ever air taxi ‘vertiport’ by end 2019
Recent breakthroughs in technology and transportation will soon allow Singaporeans to experience a taste of the future. Various international companies such as Boeing, Uber, and Airbus, have been developing several prototypes for eVTOL (electric vertical take-off and landing) services with the hopes of easing traffic and pollution in densely populated cities. However, the first company … Continue reading Aircraft company Volocopter is bringing to Singapore its first-ever air taxi ‘vertiport’ by end 2019
Panasonic ‘suspends transactions’ with Huawei after US ban
Japan’s Panasonic has taken the side of the US and halted business with Huawei in compliance with US restrictions. The ban applies to goods having 25% or more of US-originated materials, Panasonic stated in its reports. Huawei was put on the US’ list of companies that American firms cannot trade with unless they have a … Continue reading Panasonic ‘suspends transactions’ with Huawei after US ban
The Forbes Billionaires: 22 Singaporeans on the List
A total of 22 Singaporeans were among those named the “richest people in the world” by business magazine Forbes on March 5th 2019. The business magazine noted that Asia Pacific is the region with the most billionaires accounting for 767 of the total lists with an estimated net worth of US$2.5 trillion. The richest person … Continue reading The Forbes Billionaires: 22 Singaporeans on the List