News

IESBA refines global audit provisions to increase public trust

The IESBA (the International Ethics Standards Board for Accountants AKA the Ethics Board) has announced changes to the Code Addressing Certain Non-Assurance Services Provisions for Audit and Assurance Clients.


How can the growing SME sector be of great value to the economy in Singapore?

Finance Minister & Deputy Prime Minister Mr Tharman Shanmugaratnam stated that research has shown the significance of local SMEs in Singapore, and they must continue to stay at the heart of the country’s economy and society as foundations for both innovation and prospective development.


Singapore: why the electronics industry is so important for the economy

The Trade and Industry Minister for Singapore made a speech stating the importance of the electronics industry as a contributor for Singapore's past and future growth of the economy. Using Micron, a technology company as an example, for how the industry is one of the largest contributor to business expenditure for research and development.


Singapore tops study for world’s most expensive city, again

According to research by the Economist Intelligence Unit (EIU), Singapore has remained at the top spot as the world's most expensive city. The top five most expensive cities in the world also stay unchanged from last year and include Oslo, Zurich Paris and Sydney.


S&P awards Singapore AAA credit rating despite ageing population

Standard & Poor’s Rating Services (S&P) released a media statement this week stating that Singapore’s Budget for the fiscal year 2015 "shows the strength of the government’s institutional and governance efficiency", and that it will keep Singapore's credit strong despite its ageing population.


Cost of living, retirement adequacy, and healthcare are top concerns in Singapore

Retirement adequacy, healthcare and cost of living are the main concerns of Singaporeans, showed statistics from a 2015 survey conducted by REACH and the Ministry of Finance. These matters contributed to a third of information collected by the Government feedback portal in a news release last week.


Singapore budget surplus growing despite vast social programme funding

Ventures such as the SGD $8 billion Pioneer Generation package, and other measures designed to help older citizens of Singapore, were a big part of the yearly budget in Singapore last year. Taking this into consideration, along with other measures and the Net Investment Returns Contribution, the Government had predicted a deficit of approximately $1.3 billion or around 0.3% of GDP.


Singaporeans display generosity as NVPC donation total revealed

SG Gives is a Singapore based non-profit organisation which is run by the National Volunteer and Philanthropy Centre (NVPC) collected a sum of more than SGD $13 million in donations over the course of 2014, stated a press release last week by the company last week.


Ministry of Manpower: Singapore has sustained growth in employment sector

The unemployment rate in Singapore was considered to be low in comparison to December, despite the business restructuring which caused a slight increase in layoffs in the fourth quarter of 2014, said the Ministry of Manpower (MOM).