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Business

Government Grants Supported in Singapore

Singapore continues to remain committed to economic progress by creating a supportive environment for small and medium-sized enterprises (SMEs). Singapore's government recognizes that young entrepreneurs seem in need of proper mentorship and financial support. One of the important factors attracting international entrepreneurs to Singapore is

New Changes coming to Anti-Money Laundering (AML) Law in Singapore in 2024

As part of Singapore’s ongoing efforts to combat money laundering and terrorist financing, a proposed AML law is being examined and discussed in detail. This law aims to enhance the country’s AML/CFT framework, bolster risk assessment measures, and strengthen penalties for non-compliance. The proposed legislation

Key Compliance Requirements for Businesses in Singapore

Singapore has a reputation for being a well-regulated and transparent business destination, with laws and regulations in place to ensure fair competition, protect investors' interests, and uphold ethical business practices. By adhering to these requirements, companies can not only avoid costly legal repercussions, but also

What is Climate Reporting and how can it benefit both SMEs and MNCs?

In recent times, there has been a notable surge in climate awareness. This prompts governments and organizations to act toward mitigating environmental challenges. One such step is climate reporting, which entails documenting a company’s emissions and other climate-related impacts and actions. This article sheds light

Understanding Personal Data Protection Act (PDPA): A Primer for Businesses

Introduction: In a digitalized world, safeguarding personal information is important for privacy concerns. The Personal Data Protection Act (PDPA) emerges as a controlled measure that is designed to govern the collection, use, and disclosure of individuals’ personal data by organizations. This article delves into

Navigating Financial Clarity: Why Every Company Needs Financial Statements?

In a dynamic business landscape, it is important to comprehend the significance of financial statements, especially for entities that are not legally required to produce them. These statements are more than just numbers; they are strategic instruments that influence decision-making by offering an overview of