Singapore is the World’s Most Competitive Economy: World Economic Forum Global Economic Competitiveness Report For more than 40 years, the World Economic Forum has been assessing countries’ long-term competitiveness in terms of economic growth and productivity. National competitiveness, as defined by the World Economic Forum (“WEF”), is “the set of institutions, policies, and factors that…
One-Stop Filing Service to Make Things Easier for Charities One-Stop Filing Service Aims to Save Cost for Charities A new one-stop filing service will save 2,000 charities in Singapore administrative costs by filing their annual submission just once. Singapore’s Accounting and Corporate Regulatory Authority (ACRA), the Registry of Societies (ROS) and Commissioner of Charities…
Singapore and Myanmar Investment Treaty to Handle Investment Disputes A Major Economic Milestone Marks the Start of Greater Investment Opportunities New beginnings are on the horizon with the signing of a new Singapore and Myanmar investment treaty to handle investment disputes. With the signing of the new treaty, Singapore companies based in Myanmar can…
New Enhanced CPF Grant in Singapore To Provide Higher Grants and Wider Selection First-Time Flat Buyers to Enjoy More Options and Higher Grants Singaporeans buying a flat for the first-time will thrilled with the options provided in the new Enhanced CPF Grant (EHG) Singapore. Flat buyers will soon get to choose the location and…
The Simpler It is, the More People Are Using PayNow for Their Online Transactions and Fund Transfers Consumers and customers of today are accustomed to online banking, transactions and fund transfer. Hence, when the national fund transfer PayNow was launched in July 2017 in Singapore, it was a godsend. Ever since then, more PayNow users…
Monetary Authority of Singapore (MAS) Outlines Eligibility Criteria For Digital Bank License Application The Monetary Authority of Singapore (MAS) announced that the application for new digital bank licenses from non-bank players is now opened. The regulator is expected to award up to five digital bank licences by mid-2020 and the successful applicants are expected to…
Intellectual Property Initiatives Launched in Singapore Singapore Firms to Receive Support for Patents, Trademarks and Brands Singapore moves one step closer to becoming a trusted global intellectual property (IP) hub with the launch of new intellectual property initiatives. The Intellectual Property Office of Singapore (IPOS) announced a series of new initiatives to support the…
Trusted Data Sharing Framework Announced in Singapore New Guidelines for Trusted Data Sharing Among Businesses Singapore has announced the first comprehensive Trusted Data Sharing Framework to help facilitate data sharing between organisations. The framework was developed by the Infocomm Media Development Authority (IMDA) and the Personal Data Protection Commission (PDPC). It established a set…
New Accreditation Programmes Will Help Boost Consumer Trust in Businesses How can a consumer trust a brand to deliver top-quality standard products? Most renowned brands put their products and services through rigorous tests and certification. Hence, accreditation helps both brands and consumers by ensuring that products and services in the market meet the required quality…
Launched of IPOS Entity to Help Drive Business Growth New One-stop IPOS Centre for Even Greater Business Convenience Singapore is moving towards becoming a trusted Intellectual Property (IP) hub. The launch of its new IPOS entity is a step in that direction. IPOS International is the new entity of Intellectual Property Office of Singapore…
