From 21 January 2019: BizFile+ and iShop Transactions Now Have More e-Payment Options As of 21 January 2019, customers now have more e-Payment options if they transact with ACRA. This initiative is in line with Singapore’s Smart Nation drive. Customers now have the option of paying for their transactions on BizFile+ and iShop via PayPal,…
Singapore Factory Output Raised by Surprising 7.6% in November November saw a surprising surge of 7.6% by Singapore’s factory output, despite the slowdown in the manufacturing sector. However, analysts say that this trend is unlikely to continue. Some analysts are predicting that 2019 will be worse for the manufacturing sector. Singapore’s factory output performance surprised…
Recommendations for Basic Wage Increase and Mandatory Bonus Landscape Maintenance for Workers Accepted by Singapore’s Government Singapore’s government has accepted the recommendations which have been put forth about basic wage increases and a mandatory bonus landscape for maintenance workers. These recommendations were made by the Tripartite Cluster for Landscape Industry (TCL) and will be in…
Foreign-Born Children Aged 12 and Below Must Undergo New Vaccination from 1 Feb 2019 The Ministry of Manpower (MOM) Singapore will be implementing a new requirement for all foreign-born children. Beginning 1 February 2019, all foreign-born children aged 12-years and below must be vaccinated for diphtheria and measles with the Health Promotion Board (HPB) before…
Income Median’s Up in Singapore As More Older and Younger Workers Employed Singapore has experienced an increase of 4.8% in median income levels of the local full-time working group of individuals. Incomes of local workers were on the rise as of June this year as the country’s economy grows stronger. The 4.8% increase in income…
If Not Reporting Suspicious Transactions, You Could Be Facing Higher Fines Failure to report suspicious transactions and terrorism financing will be dealt with harsher penalties, as laws are being updated and enforcement increased in Singapore in a bid to fight against these crimes. Changes to the legislation were passed in Parliament and will affect the…
Digital Payment Service Providers to Be Streamlined in Singapore Singapore is moving to streamline all digital payment service providers who currently fall outside the regulatory schemes. These providers are set to be licensed under a new regime, under the new proposed Payment Services Bill. In a bid to safeguard consumers’ money, boost cyber-security measures and…
Singapore Workers Enjoy Greater Protection, Thanks to Employment Act Changes Singapore’s labor workforce will enjoy greater protection, thanks to the latest changes and major transformation to the Employment Act. The changes will now entitle Singapore’s labor force to new rights, which include mandatory annual leave of seven to 14 days, paid sick leave and protection…
