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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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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
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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
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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
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Singapore Core Inflation Falls to 0.5% – Lowest in 4 Years
28/04/2025
Trade conflicts and tariff wars cause disinflationary drags exerted by weaker global demand, hence Singapore has all-time low of 0.5% core inflation. Singapore core inflation drops to 4-year low of 0.5% in March; analysts see more downward pressure Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial… View Article
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From 13 May 2025, all Singaporean households will receive $500 in CDC vouchers per household.
17/04/2025
From 13 May 2025, all Singaporean households will receive $500 in CDC vouchers per household. This tranche of CDC vouchers will only be valid till 31 Dec 2025. Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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Singapore reduces its 2025 GDP forecast to 0-2% in view of the US-China tariff war.
16/04/2025
Singapore reduces its 2025 GDP forecast to 0-2% in view of the US-China tariff war. Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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S’pore’s Polling Day is on Saturday, May 3. Is it a public holiday?
16/04/2025
Singapore’s Polling Day for General Election has been slated for 3 May 2025. All employers to note : this date will be a Public Holiday! Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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Mas eases Singapore dollar policy to help economy weather Trump’s tariff storm
16/04/2025
SGD monetary policy easing in order to overcome the economic challenge posed by US tariffs Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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Real estate sector to face stricter compliance, tougher penalties to tackle money laundering
11/04/2025
Stricter AML measures will be implemented in real estate sector, with the passing of the Anti-Money Laundering and Other Matters (Estate Agents and Developers) Bill. Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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LIKELY HIGH INFLATIONARY PRESSURES AHEAD IN VIEW OF US TARIFFS
08/04/2025
LIKELY HIGH INFLATIONARY PRESSURES AHEAD IN VIEW OF US TARIFFS Singapore has been hit with a baseline 10 per cent tariff on its goods imported to the US. Our Asian and South-east Asian counterparts have been badly hit by the tariffs: China has been hit by the highest overall tariffs at 54 per cent, followed… View Article
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US baseline 10 per cent tariff will take effect on April 5, 2025.
03/04/2025
US baseline 10 per cent tariff will take effect on April 5, 2025. This is going to impact global trade significantly. Feel free to contact us for professional advice at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! #cheapcorporatesecretarial #cheapaccounting #corporatesolutions #LNMSolutions
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The Workplace Fairness Bill, a landmark Bill tackling workplace discrimination was passed in Parliament on Jan 8, 2025.
03/04/2025
All employers to note: The Workplace Fairness Bill, a landmark Bill tackling workplace discrimination was passed in Parliament on Jan 8, 2025. The Bill specifies that employment decisions, such as in hiring, firing and appraisals, based on five groups of characteristics are unlawful. These are: age; nationality; sex, marital status, pregnancy status and caregiving responsibilities;… View Article
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