News

ACRA’s new guide will benefit start-ups in Singapore

The guide by Singapore's national regulator of business entities, Accounting and Corporate Regulatory Authority (ACRA) announced details on how and when local companies are required to file their annual returns.


Interest rate effect may threaten property prices in Singapore

A sudden New Year jump in Singapore interest rates threatens to push up mortgage costs and steepen the on-going growth in house prices. The three-month Singapore interbank offered rate, against which most home loans are benchmarked, has risen 18 basis points this year to the highest since April 2010, primarily caused by a strong US dollar and new liquidity requirements for Singapore banks.


Mixed reviews for Singapore business prospects

According to the Singapore Commercial Credit Bureau (SCCB), Singapore's Business Optimism Index (BOI) score fell to the second-lowest in two years. It has been reported that the two main reasons for this are concerns over global political headwinds and less regional demand in the external-oriented sector.


Singapore to introduce debt restructuring programme

Singapore Credit Counselling wants to work with the Moneylenders Association to have a debt restructuring programme in place by next year, which will be beneficial to those facing multiple debts.


Half of SMEs in Singapore see the need to restructure

In the 2014 SME Development Survey 51% of enterprises state that their main strategy is to rethink their business model, taking into account the current operating environment.


China commences direct trading between renminbi and Singapore dollar

Last week China’s Foreign Exchange Trading System (CFETS) announced direct trading between the renminbi and Singapore dollar, marking another step toward internationalising the Chinese currency. The move is also expected to help Singapore become a renminbi offshore centre.


India and UK launch financial partnership

The Economic Secretary of the Treasury has welcomed the launch of a new Financial Partnership between UK and India, which will extend financial co-operation between London and Mumbai.


ACRA introduces new regulatory fee structure

The Accounting and Corporate Regulatory Authority (ACRA) in Singapore has announced changes to its regulatory fee structure for businesses. Its current regulatory fee structure will also be streamlined, with one off transactions previously charged under a pay-per-use model, to be made free of charge.


Singapore will grow petrochemical sectors sustainably

The energy and chemicals industry will continue to play an important role in the future economic growth in Singapore, said Prime Minister Lee Hsien Loong at a ceremony to honour petroleum company Royal Dutch Shell for its contributions to the Singapore economy on Thursday.