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…
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Compliance in Singapore : Companies’ Requirements Singapore maintains a stringent regulatory framework governing the operations of companies within its jurisdiction. Companies in Singapore must adhere to various regulatory requirements to ensure their operations are legal and ethical. Non-compliance can result…
GST The Goods and Services Tax (GST) in Singapore is a consumption tax levied on the supply of goods and services. As a business owner, it is crucial to comprehend GST registration requirements to maintain compliance with the law. GST…
Choice of your business structure: When considering establishing a business in Singapore, it is essential to select the most suitable business structure that aligns with your objectives and requirements. There are various options to choose from, each with its unique…
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