Category Archives: Uncategorized

Amidst the covid-19 pandemic and its many consequences, we are being forced to rethink a lot of what we have considered the norm. And this includes how and where we work. Working from home has taken a whole new meaning in the face of the pandemic and we are now learning that many of us … Continue reading Singaporeans should look beyond PMET jobs→

The pandemic has shook the world and its economy and has affected some areas more than others. Businesses are facing their worst fears by having to shut down, with people being restricted and with supply chain disruptions. There are pressing issues that all companies have to deal with and the tax implications of covid can … Continue reading Covid-19: Tax Challenges in Singapore→

Singapore launched a new corporate structure in January called the Variable Capital Company in its pursuit to become the leading financial centre in the region. The VCC is designed for traditional and alternative investment funds and was designed specifically to attract the funds of fund managers and family offices registered in low tax jurisdictions like … Continue reading New Corporate Structure in Singapore attract multibillion-dollar hedge funds→

Prime Minister Lee Hsien Loong and Malaysia’s Prime Minister Mr Muhyiddin Yassin have agreed to allow cross border travel for certain groups of people. They agreed to implement two measures, the first being a Reciprocal Green Lane (RGL) which is meant for people travelling for essential business and/or official purposes. This group of travellers will … Continue reading Singapore and Malaysia to facilitate cross border travel→

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→