ASEAN Briefing News

Amendments to Singapore’s Payment Services Act: Strengthening Oversight and Protecting Consumers

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Amendments to the Payment Services Act 2019 (PS Act) passed in 2021, which will take effect six months in phases starting from April 4, 2024.

Singapore Designates Lawrence Wong as Prime Minister, Effective May 15

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Singapore’s Deputy Prime Minister Lawrence Wong will take over as Prime Minister in May from Lee Hsien Loong, who will step down after 20 years in office.

Formalized Flexible Work Arrangements to Be Introduced in Singapore from December 2024

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Singapore is set to implement new guidelines requiring all employers to have a formal process in place for workers to request flexible work arrangements, starting December 2024.

Lawrence Wong’s Visit Boosts Singapore-Germany Relations

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Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong recently concluded a visit to Germany. The visit focused on enhancing bilateral cooperation and addressing global challenges.

Understanding Personal Data Protection in Singapore

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The Personal Data Protection Act (PDPA) provides baseline protection for personal data in Singapore.

New Salary Criteria for Hiring Foreign Executives in Singapore

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Singapore will increase the salary criteria for foreign executives and professionals working in the country from January 1, 2025.

A Guide to Estimated Chargeable Income Filing in Singapore

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Incorporated companies in Singapore must file an Estimated Chargeable Income (ECI) for each year of financial assessment.

Singapore’s Ambitious AI Investment Plan

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Singapore aims to strengthen its position as a global business and innovation hub by investing more than S$1 billion into artificial intelligence over the next five years.

Unlocking ESG Reporting Requirements in Singapore – Latest Issue of ASEAN Briefing Magazine

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The latest ASEAN Briefing Magazine, titled “Unlocking ESG Reporting Requirements in Singapore”, is out now for free download.

Applying ESG Metrics for Sustainability Reports in Singapore

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Singapore’s SGX recommends a set of 27 core ESG metrics for sustainability reporting, which are subject to periodic review and revision to stay aligned with evolving international reporting standards.

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