SINGAPORE

ASEAN: Bloc Ends Non-Tariff Measures on Priority Pandemic Goods

27 November 2020

The ASEAN bloc has agreed a memorandum of understanding (MOU) designed to curtail and roll back Non-Tariff Measures (NTM) on goods and supplies deemed essential during the course of the Covid-19 pandemic. More

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SINGAPORE: Work Visa On Offer to Tech Professionals

23 November 2020

A new applicant-specific (as opposed to employer-specific) visa system – the Tech.Pass – is to be launched in January next year. More

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The Post-Pandemic World: Growing Presence in ASEAN Market

12 October 2020

The uncertain outlook for global trade and the stagnating growth of developed markets are propelling a new search for market diversification by many Hong Kong businesses. In the hunt for new markets, the Hong Kong business community is taking a close look at ASEAN countries. More

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ASEAN: Origin of Goods Self-Certification Scheme Officially Adopted

05 October 2020

An ASEAN-wide Self-Certification (AWSC) scheme relating to the origin of goods is now in force. Initially agreed back in January 2019, this trade facilitation initiative between the bloc’s 10 member nations is intended to streamline customs procedures by allowing approved operators to self-certify the origin of their goods. More

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SINGAPORE: New Business Travel Scheme Bypasses Covid-19 Restrictions

29 September 2020

The Ministry of Health (MOH) has introduced a new Business Travel Pass for selected senior executives, allowing them to make international business trips despite the prevailing coronavirus-related travel restrictions. More

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SINGAPORE: Mandatory Price Transparency Guidelines Announced for Retailers

17 September 2020

As of 1 November this year, all retail businesses, whether conventional or digital, will have to comply with the Competition and Consumer Commission of Singapore’s new price transparency guidelines. More

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Family office business booms

07 September 2020

In his novel Anna Karenina, Leo Tolstoy held that happy families are all alike but unhappy ones each have their own unique misery. More

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SINGAPORE: Minimum Salary Threshold Raised for Overseas Work Permits

01 September 2020

The minimum monthly salary threshold has been raised for applicants for the country’s two primary work permits for professional and skilled non-local staff – the Employment Pass (EP) and the S Pass. More

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SINGAPORE: Enhanced Development Support Announced for Fintech Sector

19 August 2020

The Monetary Authority of Singapore (MAS), the country’s central bank, has announced that S$250 million (US$182.97 million) of additional funding will be made available over the next three years for the domestic fintech sector under the terms of an enhanced version of the country’s existing Financial Sector Technology and Innovation Scheme (FSTI), first introduced back in 2015. More

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SINGAPORE: Beneficial Ownership Data Centralised into Corporate Regulator

05 August 2020

All companies are now required to file information related to their beneficial owners and controllers directly with the country’s Accounting and Corporate Regulatory Authority (ACRA). More

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