Total Debt Servicing Ratio(TDSR) Rules Tweaked for Refinancing of Existing Home Loans

Total debt servicing ratio rules tweaked for refinancing of existing home loans

Total Debt Servicing Ratio(TDSR) Rules Tweaked for Refinancing of Existing Home Loans Existing home owners looking to refinance their home loans will enjoy more flexibility with relation to the Total Debt Servicing Ratio (TDSR), the Monetary Authority of Singapore said on Thursday (Sept 1) The move will allow property owners to take advantage of current…

New Conditions for Factory-Converted Dormitories From 1 January 2017 by MOM

New Conditions for Factory-Converted Dormitories from 1 January 2017

New Conditions for Factory-Converted Dormitories From 1 January 2017 by MOM All operators of Factory-Converted Dormitories (FCDs) must meet four new conditions imposed by the Ministry of Manpower (MOM) when seeking approvals or renewals to use their industrial premises to house foreign workers, from 1 January 2017. This follows MOM’s call earlier this month to…

Ministry of Manpower (MOM) Dismantles Syndicate Involved in the Illegal Importation of Labour

MOM dismantles syndicate involved in the illegal importation of labour

Ministry of Manpower (MOM) Dismantles Syndicate Involved in the Illegal Importation of Labour The Ministry of Manpower (MOM) mounted an island-wide enforcement operation from 26 to 27 July 2016 against a syndicate involved in bringing in foreign workers for illegal employment. The operation lasting more than 48 hours took place at several locations including offices,…

3E Accounting Newsletter

E-Newsletter August 2016

Dear Reader, Welcome to our E-Newsletter August 2016 In this issue of our newsletter, we are glad that we are in time to share with you our yet another big milestone.  We would like to humbly announce to you that we have recently completed our networking partnership agreements with a handful of new reputable global…

Important Information on Filing of XBRL Financial Statements with ACRA

Important Information on Filing of XBRL Financial Statements with ACRA

Important Details of Information on Filing of XBRL Financial Statements with ACRA XBRL Filing Errors: Requirement to Ensure Accuracy and Completeness of XBRL Financial Statements Filed with ACRA Companies filing XBRL financial statements with ACRA are reminded to ensure that the information filed is accurate and complete. This requirement, as detailed in Practice Direction 1…

ASC issued FRS 116 Leases

ASC issued FRS 116 Leases

ASC issued FRS 116 Leases and invites comments on ED/2016/1 ASC has issued FRS 116 Leases. ASC invites comments on Exposure Draft ED/2016/1 Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11) – Comments by 26 Aug 2016. Please visit Financial Reporting Standards for the FRS…