Uncategorized
HIGHER CPF MONTHLY SALARY CEILINGS, CPF CONTRIBUTION RATES & OTHER CHANGES FROM 2026
22/12/2025
Higher CPF monthly salary ceilings, CPF contribution rates and other changes from 2026 Source: https://www.straitstimes.com/business/higher-cpf-monthly-salary-ceilings-cpf-contribution-rates-and-other-changes-from-2026 Feel free to contact us for professional advice at +65 6636 3691, +65 9326 2271 or info@lnmsolutions.com! #CPF2026 #SingaporeCPF #CPFContribution #SalaryCeiling #RetirementPlanning #SingaporeFinance #HRUpdates #PayrollChanges #FinancialNewsSG #SGUpdates #CorporateLawSG #GovernanceMatters #SingaporeBusiness #RegulatoryUpdate #corporatesolutions #accountingservices #LNMSolutions
Read More
AMENDMENTS TO COMPANIES ACT Passed on 5 Nov 2025!
24/11/2025
Amendments to the Companies Act was passed to strengthen the regulatory framework for companies, including increasing safeguards against the misuse of companies for unlawful purposes, protecting shareholders’ interests, lowering regulatory burden on companies, and promoting greater personal accountability for public accountants in the auditing profession. One of the changes requires the public accountant who is… View Article
Read More
AskST : ’What do I have to pay GST on after coming back from a holiday?‘
24/11/2025
When travelling as an individual, please note that:GST is payable if the value of the item exceeds the relief amount granted. -Relief amount = S$500 if away >= 48 hours -Relief amount = S$100 if away < 48 hours Source: https://www.straitstimes.com/singapore/askst-what-do-i-have-to-pay-gst-on-after-coming-back-from-a-holiday Feel free to contact us for professional advice at +65 6636 3691, +65 9326… View Article
Read More
Projected Doubling Of S’pore GDP By 2040 Could See S$ On A Par With USD, STI Hit 10,000 : DBS
03/11/2025
DBS expects Singapore’s real GDP to grow 2.3 per cent a year through 2040. Source: https://www.straitstimes.com/business/economy/projected-doubling-of-spore-gdp-by-2040-could-see-s-on-a-par-with-us-dollar-sti-hit-10000-dbs?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_PM&utm_term=Projected+doubling+of+S%E2%80%99pore+GDP+by+2040+could+see+S%24+on+a+par+with+US+dollar%3A+DBS&utm_content=22%2F10%2F2025 Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #SingaporeEconomy #EconomicOutlook #GDPGrowth #FutureOfFinance #Singapore2040 #SingaporeDollar #ForexMarket #CurrencyStrength #USDSGD #ExchangeRate #corporatesolutions #accountingservices #LNMSolutions
Read More
Gold, Silver Extend Rout After Massive Sell-Off As Rally Loses Shine
03/11/2025
Spot gold prices fell as much as 6.3 per cent on Oct 21 while spot silver plunged as much as 8.7 per cent. Source: https://www.straitstimes.com/business/companies-markets/gold-and-silver-post-steepest-drops-in-years-as-rally-cools?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_PM&utm_term=Gold%2C+silver+extend+rout+after+massive+sell-off+as+rally+loses+shine&utm_content=22%2F10%2F2025 Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #InvestmentNews #FinancialMarkets #EconomicTrends #InvestorAlert #MarketVolatility #GoldSellOff #SilverRout #MetalMarket #GoldMarket #SilverMarket #corporatesolutions #accountingservices #LNMSolutions
Read More
Nearly 50,000 SMEs To Get One Year Of Free Cyber Protection As Part Of National Digitalisation Drive
15/10/2025
Nearly 50,000 SMEs to get one year of free cyber protection as part of national digitalisation drive Source: https://www.straitstimes.com/tech/nearly-50000-smes-to-get-one-year-free-cyber-protection-as-part-of-national-digitalisation-drive Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #CyberSecurity #Digitalisation #SmartNation #DigitalTransformation #TechForSMEs #CyberProtection #FutureReady #InnovationSG #SafeOnline #corporatesolutions #accountingservices #LNMSolutions
Read More
New Grant Of Up To $100k To Help Singapore SMEs Deal With US Tariffs Opens For Applications
15/10/2025
New grant of up to $100k to help Singapore SMEs deal with US tariffs opens for applications. Source: https://www.straitstimes.com/business/new-grant-launched-to-help-singapore-companies-deal-with-us-tariff-disruptions Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #SingaporeSME #GovernmentGrant #BusinessSupport #USTariffs #SMEGrowth #EnterpriseSG #TradeResilience #corporatesolutions #accountingservices #LNMSolutions
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
CPF Contribution Changes From 1 January 2026
09/07/2025
CPF contribution ceiling will increase to $8,000 for monthly ordinary wages with effect from 1 Jan 2026, and CPF contribution rates for those aged above 55 to 60 and above 60 to 65 will also increase from 1 Jan 2026. Source: CPF Board https://www.cpf.gov.sg/employer/infohub/news/cpf-related-announcements/new-contribution-rates Feel free to contact us for professional advice at +65 66363691,… View Article
Read More
Stop Using NRIC as Passwords, Says New Advisory
27/06/2025
New advisory posted by the Personal Data Protection Commission and Cyber Security Agency of Singapore to stop the use of National Registration Identity Card (NRIC) numbers as passwords in the private sector was issued on June 26, with organisations advised to stop this practice “as soon as possible”. Private sector urged to stop using NRIC… View Article
Read More
Amendment to the Trustees Act and the TTEC Regulations with effect from 20 June 2025
24/06/2025
The Trustees Act 1967 and the Trustees (Transparency and Effective Control) Regulations 2017 will be amended with effect from 20 June 2025. These amendments will update trustees’ Anti-Money Laundering/Combating the Financing of Terrorism (“AML/CFT”) obligations under the Trustees Act 1967. Part 7 of the Trustees Act and the TTEC Regulations were recently amended to update… View Article
Read More