Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions1 to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS (Quick...
Enterprise Singapore announced on 30 April the appointment of 14 new Accredited Mentor Partners (AMPs) to the Startup SG Founder scheme, in their continuous efforts to groom startups in Singapore. The appointments took effect from 1 May 2020, bringing the total AMP partner network to 57.
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...
The Cyber Security Agency of Singapore (CSA) has released its Singapore Cyber Landscape (SCL) 2020 publication, revealing an increase in cyber threats such as ransomware and online scams in 2020.
CSA’s SingCERT (Singapore Computer Emergency Response Team) handled a total of 9,080 cases in...
As part of the ongoing review of the Personal Data Protection Act 2012 (PDPA), Singapore intends to introduce a data portabilityrequirement. As data portability is a recent global development, a Data Portability Discussion Paperhas been issued to provide greater clarity of its benefits in support of a...
The Inland Revenue Authority of Singapore (IRAS) partnered with the tax community and government agencies to simplify Corporate Income Tax (CIT) Filing 2021 for companies. With the new initiatives, companies and tax agents can further reduce the time they take to file CIT this year.
The Singapore Business Federation (SBF) hosted a dialogue session with Minister for Trade and Industry Chan Chun Sing and Mr Tan Chong Meng, Co-Chairman of the Future Economy Council (FEC)’s Emerging Stronger Taskforce (EST), on 14 August. Participants included members of the SBF Council and leaders of...
The first Singapore-China (Shenzhen) Smart City Initiative (SCI) Joint Implementation Committee (JIC) meeting was held on 17 June, helmed by the Ministry of Communications and Information’s Permanent Secretary, Yong Ying-I, and Shenzhen Mayor, Chen Rugui.
Eight Memoranda of Understanding (MOU) were also inked at...
Besides the economic slowdown wrought by the COVID-19 pandemic, another issue that has raised concerns around the world is the security of the global food supply chain. This is especially significant for small countries like Singapore that rely heavily on food imports. As a result, recent border...
