Blog
Real-time cross-border fund transfers via phones
05/10/2021
By end of next year, Singapore and Malaysia consumers will be able to make real-time cross-border fund transfers using their mobile phones via the PayNow-DuitNow linkage, as announced by the 2 countries’ Central Banks recently. In July 2022, PayNow will be linked with India’s Unified Payments Interface (UPI) real-time payment system. Feel free to contact… View Article
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Great challenge faced by construction industry
01/10/2021
Great challenge faced by construction industry in present times: ‘Things just went south’: Construction firms under pressure as pandemic bites deep Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Covid19 #TemporaryMeasuresAct #Construction
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Guidelines for ART-positive Employees
30/09/2021
The MTF announced on 17 September 2021 a revised approach of managing individuals who test positive on the Antigen Rapid Test (ART) but are physically well (i.e. no evident symptoms like fever, cough, or runny nose). Such individuals are advised to self-isolate to monitor their health, instead of rushing to the nearest General Practitioner clinic… View Article
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Covid-19 (Temporary Measures) Act ends on Sept 30
30/09/2021
Contract disputes expected to increase when the relief period under the Covid-19 (Temporary Measures) Act ends on Sept 30. Contractors may face contractual disputes, claims as Covid-19 legal respite ends Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #Covid19 #TemporaryMeasuresAct… View Article
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Should live voting at virtual meetings be made compulsory?
29/09/2021
Should live voting at virtual AGMs & EGMs be made compulsory? The study on “The Singapore Report on Shareholder Meetings: The Rise of Virtual Meetings” by NUS Business School professor of accounting Mark Yuen Teen found that only one out of 581 issuers which held virtual meetings in 2020 had live Q&A and live voting…. View Article
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Jobs Growth Incentive scheme extended to March 2022
29/09/2021
Jobs Growth Incentive scheme to spur hiring of Singaporeans extended to March 2022 Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions #JGI #JobsGrowthIncentives
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Work-from-home will be the default from 27 Sep 2021
28/09/2021
From 27 September 2021, work-from-home will be the default at workplaces. Employers must ensure that employees who are able to work from home do so. Those who are able to work from home but need to return to the workplace for ad-hoc reasons are strongly encouraged to perform an Antigen Rapid Test (ART). They should… View Article
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JSS payouts from 30 Sep 2021
28/09/2021
From 30 Sep 2021, more than 43,900 employers will receive JSS payouts under the Jobs Support Scheme (JSS) to support the wages of over 570,000 local employees. $900m in JSS payouts to support wages of more than 570,000 workers from Sept 30 Feel free to contact us if you are needing financial consultancy at +65… View Article
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Increase CPF contribution rate to strengthen retirement adequacy
24/09/2021
The CPF contribution rates for employees aged above 55 to 70 will be increased by 1.5-2% with effect 1 JAN 2022 to strengthen their retirement adequacy. This will impact the take-home nett salary of employees in this age range as well as the labour costs to the employers. There are no changes to the graduated… View Article
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Firms to notify MOM of any retrenchment
23/09/2021
New requirement!!! With effect 1 Nov 2021, firms with at least 10 employees will have to notify the Ministry of Manpower (MOM) each time they retrench any staff. Companies can notify MOM of retrenchments via its website by submitting information including the size of the workforce before retrenchment and the details of the affected worker,… View Article
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