Singapore's FY2023 Budget Statement was delivered on Tuesday, 14 February, by Deputy Prime Minister and Minister for Finance, Lawrence Wong. This budget comes as Singapore returns to DORSCON Green, the demand has picked up for sectors like F&B and retail, and air travel has resumed.
This article was contributed by the Inland Revenue Authority of Singapore (IRAS).
As the Goods and Services Tax (GST) will be raised from 7% to 8% with effect from 1 Jan 2023, the Inland Revenue Authority of Singapore (IRAS) encourages all GST-registered businesses to...
Payapps has released the findings of its Resilience In Construction Research Report for 2023. The new report reveals that enhanced digital adoption could significantly reduce the construction industry's insolvency rate by improving cash flow and reducing late payments, offering greater resilience and enhanced business health in today's challenging...
Despite weathering some of the most challenging times ever faced in their entrepreneurial journey, Singapore’s SME community remains undaunted, with three-quarters of SME owners saying that they continue to be ‘optimistic’ and ‘determined’ to face the road ahead.
However, in a sign of creeping...
Despite being hit hard by COVID-19 in 2021, Indonesian small businesses still managed to outperform their Asia-Pacific counterparts in business growth, in part due to their high level of e-commerce adoption.
They are likely to maintain this momentum in 2022, according to CPA Australia...
The Monetary Authority of
Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly
conducted a cyber-themed business continuity exercise in November 2019 to
strengthen the financial sector’s resilience to cyber-attacks and operational
disruptions.
Codenamed Exercise Raffles,
the sixth edition of the exercise was conducted over two...
Sage, a company offering cloud business
management solutions, and Standard Chartered announced on 8 November a new
partnership to provide small and medium-sized enterprises (SMEs) with access to
tools, knowledge and funding that will simplify SME banking and support them in
making more timely and insight-driven financial decisions at critical stages...
Pitik, founded in 2019, is an Indonesian company that harnesses the power of data and technology to empower Indonesian chicken farmers, allowing them to achieve better quality poultry and thereby generating more income. Like many SMEs and startups, they faced an issue obtaining the necessary financing to...
Singapore’s SMEs are still lagging in digital adoption and are not adequately prepared for the national transition to a digital economy, according to the fourth edition of QBE Insurance’s annual survey of Singapore SMEs. The results found that SMEs have been slow to take up cyber protection...
Tax procedures and policies can often be difficult for the average small business to navigate. The Singapore government has deployed considerable personnel as well as technological resources to make the SME's tax filing procedures less cumbersome over the years.
In this interview, we talk...
