About the Financial Reporting Duties It is important to have quality financial information to create strong and successful markets. The different sectors want reliable and timely financial reports to picture the business accurately. The reports they ask for could be for generating value or understanding what the risks are. Over the years, businesses have begun…
About Removal of Directors According to what it says in the Companies Act, the removal of directors depends on the ordinary resolution of shareholders. The term “directors” in this context refers to the directors of the company. This happens when the company constitution does not have other provisions. The shareholders must give a 14-day written…
Innovative Approach to Medical Cost & Technology – 3E Accounting Covid-19 has given new meaning to the axiom of “Health is Wealth”. One of the key pillars of the Singapore healthcare system would be Medishield Life. Medishield Life is a key clog in the machinery which made Singapore work and where serious illness doesn’t bankrupt…
What to Know About the Singapore Budget for HR Department The Singapore budget for HR department was announced to the public in February 2019. It is considering the elections that happened in early 2020. Most of the initiatives are in favour of enabling a business continuity despite the epidemic and recession. Singapore has enhanced its…
Things You Should Know When Creating a Job Ad in Singapore Once you are finished setting up a company in Singapore, it is an important milestone to hire employees and make sure they are the right ones. That is deciding on who to welcome in your company involves serious decision making. When you are looking…
You Must Build Employee Productivity It is important to build employee productivity in every workplace, no matter what industry you are a part of. Recognizing the hard work of your employees can have a good impact on your company’s return on investment. In fact, the majority of workers work harder when their efforts are rewarded.…
The MOM Guidelines During COVID-19 Outbreak The Ministry of Manpower (MOM) together with the Singapore National Employers Federation and the National Trades Union Congress made an advisory on how they must handle the movement of employees during the COVID-19 outbreak. Singapore’s tripartite partners have acknowledged that employers have begun implementing measures to save on costs.…
Knowing the Wage Credit Scheme Updates 2019 in Singapore Singapore is known around the world for its efficiency and excellent employment system that lets employers take advantage of the Wage Credit Scheme (WCS). The Ministry of Finance and IRAS said that employers will receive over S$600 million in payouts. The Inland Revenue Authority of Singapore…
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