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US Federal Reserve Makes First Rate Cut Of 2025 on Employment Risks
23/09/2025
The US Federal Reserve cut rates by 25 basis points to 4%–4.25%, citing slower job growth. While Stephen Miran pushed for a deeper cut, the Fed raised its 2025 growth forecast to 1.6%. Political pressures and internal disputes are fueling concerns over the Fed’s independence and potential economic risks. Source:https://www.straitstimes.com/business/economy/us-fed-makes-first-rate-cut-of-2025-on-employment-risks?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_AM&utm_term=US+Fed+makes+first+rate+cut+of+2025+on+employment+risks&utm_content=18%2F09%2F2025 Feel free to contact us… View Article
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Support For Local Firms, Workers To Adopt New Tech Like AI Part Of Govt Refresh Of Economic Strategy
23/09/2025
Singapore is strengthening its global competitiveness through refreshed strategies, focusing on AI literacy, flexible work, and helping local businesses go global, while MAS safeguards the financial system with timely policies and deeper capabilities. Source:https://www.straitstimes.com/singapore/politics/support-for-local-firms-workers-to-adopt-new-tech-like-ai-part-of-govt-refresh-of-economic-strategy?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_PM&utm_term=Support+for+local+firms%2C+workers+to+adopt+new+tech+part+of+Govt+refresh+of+economic+strategy&utm_content=16%2F09%2F2025 Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #Singapore #GlobalCompetitiveness #EconomicStrategy #AI #FutureOfWork… View Article
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MOM Advisory: No Engagement Of Foreign Freelancers Without Work Pass
23/09/2025
Per MOM, firms are not allowed to engage foreign freelancers for creative services provided in Singapore. The foreigners have to have a valid work pass to offer such services. Employment of Foreign Manpower Act (EFMA): Foreigners found working in Singapore without a valid work pass may be liable to a fine not exceeding $20,000, a… View Article
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With Surge In Family Offices, Singapore Aims To Boost Charitable Giving
04/09/2025
As of end-2024, Singapore hosts over 2,000 single-family offices, marking a tenfold increase in just five years, driven by clear regulations, strong wealth management capabilities, and government support, with MAS further encouraging philanthropic giving through dedicated initiatives and tax incentives that enable the strategic deployment of wealth. Source:https://www.straitstimes.com/singapore/community/with-surge-in-family-offices-spore-aims-to-boost-charitable-giving Feel free to contact us for professional… View Article
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Enhanced SkillsFuture Level Up Programme
19/08/2025
Workers aged confidence and above who pursue part-time studies will soon qualify for training allowances under the SkillsFuture Level Up Programme, which currently covers only full-time studies. The scheme will also expand to include more courses by industry leaders and private providers. Announced in Budget 2025 in February, the allowance will provide $300 a month… View Article
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Change In Law Proposed To Pave The Way For Public-private Sector Data Sharing
15/08/2025
Proposed update to the Public Sector Governance Act (PSGA) to enable safe public-private sectors data sharing is being considered. PSGA was designed to provide a clear legal basis for data sharing across the public sector. It details data protection and data sharing requirements for public agencies. Source: https://www.straitstimes.com/singapore/change-in-law-proposed-to-pave-the-way-for-public-private-sector-data-sharing Feel free to contact us for professional… View Article
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Retail Workers’ Minumum Wage To Increase With Effect From 1 Sep 2025
12/08/2025
Lower-wage retail workers to receive up to 6% pay bump from Sept 1. Source: https://www.straitstimes.com/business/lower-wage-retail-workers-to-receive-up-to-6-pay-bump-from-sept-1 Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #SingaporeNews #PayRise #WageIncrease #RetailWorkers #LowerWageSupport #SGUpdates #corporatesolutions #accountingservices #LNMSolutions
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MAS Warns of Economic Headwinds for S’pore in Second Half of 2025
31/07/2025
Businesses, let’s tighten our seatbelts to brace the economic outlook in SG for the rest of 2025 with the kicking in of higher tariff rates. Source: https://www.straitstimes.com/business/economy/spores-economic-resilience-will-face-headwinds-in-second-half-of-2025-from-tariffs-trade-conflicts?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_PM&utm_term=S%E2%80%99pore%E2%80%99s+economic+resilience+will+face+headwinds+in+second+half+of+2025%3A+MAS&utm_content=30%2F07%2F2025 Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #economics #USTariffs #trade #WTO #investment #corporatesolutions #accountingservices #consultingservices #LNMSolutions
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Singapore Mandates APT Attack Reporting Under Updated Cybersecurity Act
30/07/2025
New measure under the Cybersecurity Act to be implemented later in 2025. The new measure requires mandatory reporting by operators of critical systems, such as those that manage Singapore’s energy, water and transportation services, to Singapore’s Cyber Security Agency of Singapore (CSA) of suspected advanced persistent threat (APT) attacks. Source: https://www.straitstimes.com/tech/suspected-advanced-attacks-must-be-reported-under-singapores-amended-cybersecurity-act Feel free to contact… View Article
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S’pore Boosts Support Amid Tariff Uncertainty
16/07/2025
There will be a Business Adaptation Grant, capped at $100,000 per firm, that will be launched by October 2025. SMEs will be able to get more support for overseas expansion and advisory services. This is to expand support for companies and workers amid US tariff uncertainties. Source: https://www.straitstimes.com/business/economy/spore-to-launch-new-grant-for-companies-expand-support-for-workers-amid-us-tariff-uncertainties Feel free to contact us for professional… View Article
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