The Israel-Hamas Conflict: How It Affects Small Businesses and Global Markets Introduction The recent war between Israel-Hamas has had a significant impact beyond the battlefield, affecting global supply chains, investor confidence, and small businesses worldwide. Conflicts of this scale not only…
New Singapore Law Increases Fines for Corporate Service Providers Violating Anti-Money Laundering Rules A new law in Singapore will increase fines for corporate service providers that fail to comply with anti-money laundering regulations. The fines will rise from S$25,000 to…
Clarifying Tax Planning VS Tax Avoidance: Insights from GCL v Comptroller of Income Tax The recent case of GCL v Comptroller of Income Tax sheds light on the nuanced differences between tax planning and tax avoidance. While tax planning is…
ACRA Takes Action Against Unethical Corporate Service Providers in Singapore The Accounting and Corporate Regulatory Authority (ACRA) is intensifying its efforts to identify and eliminate unethical corporate service providers (CSPs). Subsequently, to prevent companies from being exploited for illegal activities…
CPF Contribution Rate 2024 Interest Rate: The interest rate for CPF in 2024 is set at 4.08% per annum. Contribution Rates: Below 55 years: Employees contribute 20% of their salary, with employers contributing a matching amount. 55 to 60 years:…
How Inflation Erodes the Value of Your Money If it feels like your dollar doesn’t go as far as it used to, you’re not imagining it. The reason is inflation, which describes the gradual rise in prices and the slow…
Labour Market Continues Expansion in First Quarter 2024, Despite Global Economic Risks The Labour Market Advance Release for the first quarter of 2024, released on April 30, 2024, paints a picture of continued expansion, albeit at a moderated pace, reflecting…
Gold prices have been hitting record highs in Q1’2024 The rally in gold persists, with prices reaching an all-time high on Thursday. There’s potential for further increases as central banks continue to acquire bullion at record levels. Aakash Doshi, Citi’s…
Drawing information from Bloomberg and TheEdge, let’s delve into the performance of the Singapore Dollar (SGD) against various global and regional currencies thus far in Year 2023. In general, the Singapore Dollar exhibits stability and strong performance, bolstering Singapore’s standing…
Resources:
English 
Chinese