This article was contributed by the Inland Revenue Authority of Singapore (IRAS). It is the time of the year again – Corporate Income Tax (CIT) filing season for the Year of Assessment (YA) 2021 has begun. Before you jump right into it, check out...
ESG and sustainability issues alike have been moving up the corporate agenda in recent years. According to Google Search Trend, the keyword 'ESG' search popularity in Hong Kong has been soaring and surpassed 'Sustainability' in May this year. However, public curiosity about the topic...
Salesforce has released data from its surveyof 1,001 workers in Singapore, which shows a gap in AI skills, despite a growing recognition of its importance. Only 15% of Singapore respondents say they possess AI skills – even though 57% identified AI as among today’s...
Beyond consortium has launched a bid for a digital full bank license from MAS, with a focus on SMEs. The consortium comprises V3 Group, EZ-Link, property developer Far East Organization and Temasek-subsidiary Heliconia Capital Management. Other notable members include the Singapore Business Federation (SBF) and Mitsui Sumitomo...
The Ministry for Trade and Industry (MTI) has released guidelines on 6 May for the gradual resumption of business operations. This follows the Multi-Ministry Taskforce’s  announcement on 2 May 2020 that it would progressively ease some of the tighter circuit breaker measures over the coming weeks.
The Intellectual Property Office of Singapore (IPOS) and the Singapore Business Federation (SBF) have officially announced the Workforce for IP-Savvy Enterprises (WISE) initiative – a pilot programme to help Singapore companies identify new business opportunities and acquire new capabilities through Intellectual Property (IP), as part of efforts...
NTUC LearningHub (NTUC LHUB), NTUC U SME, United Overseas Bank (UOB)'s innovation accelerator The FinLab, and Ngee Ann Polytechnic have signed a Memorandum of Understanding (MOU) to officially launch the SME Digital Reboot programme. The programme aims to help 500 companies nationwide deepen their digital...
About 660,000 individuals upskilled themselves through SkillsFuture Singapore (SSG)-supported programmes in 2021. This was the highest number of SSG-supported individuals in a year since the launch of SkillsFuture. Extension of COVID-19 support measures In 2021, SSG extended COVID-19 support measures to...
Cisco published its 2022 Consumer Privacy Survey, an annual global review of consumers' perceptions and behaviors on data privacy. This year's survey highlights the critical need for further transparency as consumers say their top priority is for organizations to be more transparent on how they use...
A new framework to disclose and communicate the value of intangible assets (IA) was launched today alongside new resources to help enterprises manage and commercialise their intellectual property (IP). The Intangibles Disclosure Framework (IDF), unveiled by the Intellectual Property Office of Singapore (IPOS) and...