February 2017 | Accounting Firm In Singapore | Singapore Corporate Service Provider

Job Vacancies 2016

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Job Vacancies 2016</h2>
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5 in 10 job vacancies are PMET jobs; mainly education, healthcare, infocomm and service-related occupations</div>
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Nearly half of all vacancies as at 30 September 2016 were for professionals, managers, executives and technicians (PMETs). The job openings were mainly education, healthcare, infocomm and service-related occupations. These are the key findings from the “Job Vacancies 2016” report released by the Manpower Research and Statistics Department, Ministry of Manpower.</div>
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The steady increase in PMET share of job openings from 39% (or 24,300) in 2013 to 48% (or 25,800) in 2016 reflects restructuring of the economy and workforce. The increase in PMET vacancies was mainly from financial & insurance services, professional services and information & communications. At the same time, there was a decline in the non-PMET vacancies, mainly in accommodation & food services, construction, wholesale & retail trade and manufacturing.</div>
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Read More: <a href="https://www.3ecpa.com.sg/regulatory-and-business/job-vacancies-2016/" target="_blank">Job Vacancies 2016</a></div>
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<a href="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-job-vacancies-2016-1200x628.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="167" src="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-job-vacancies-2016-1200x628.jpg" width="320" /></a></div>
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Job Vacancies 2016

Job Vacancies 2016 5 in 10 job vacancies are PMET jobs; mainly education, healthcare, infocomm and service-related occupations Nearly h...

All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017

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All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017</h2>
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In line with Government’s direction to harness technology for enhanced productivity, all <a href="https://www.3ecpa.com.sg/services/taxation/singapore-certificate-of-residence-application-cor/" title="Singapore Certificate of Residence Application COR">COR</a> applications have to be e-Filed via myTax Portal from <span class="aBn" data-mce-tabindex="0" data-term="goog_500772892">1 Jun 2017</span>. Paper applications will no longer be accepted from this date onwards.</div>
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<u>Online via myTax Portal</u><br />Log in to <a href="http://mytax.iras.gov.sg/" target="_blank" title="Tax Portal">mytax.iras.gov.sg</a> to apply.</div>
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You can apply for COR online for:<br />a. the current Year of Assessment (YA);<br />b. the next YA; or<br />c. up to two previous YAs.</div>
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For example, in the year 2017, the company may apply COR for YA 2017, YA 2018, and YAs 2015 to 2016.</div>
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Company staff or tax agents must first be authorised for '<a href="https://www.3ecpa.com.sg/services/taxation/company-income-tax/" title="Company Income Tax">Corporate Tax Matters</a>' via the e-Services Authorisation System (EASY) to log in and apply for COR on behalf of the company.</div>
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IRAS will process your application within 7 working days of receiving the application and mail the COR to the company's registered address. Please allow up to 4 working days to receive it in your mail.</div>
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Once your application is processed (within 7 working days), a duplicate copy of the approved COR will be made available in <a href="http://mytax.iras.gov.sg/" target="_blank" title="Tax Portal">mytax.iras.gov.sg</a>. You will also have the option to print or download the approved COR.</div>
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Read More: <a href="https://www.3ecpa.com.sg/taxation/all-cor-applications-have-to-be-e-filed-via-mytax-portal-from-1-jun-2017/" target="_blank">All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017</a></div>
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<a href="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-cor-applications-e-filed-via-my-tax-portal-1200x628.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="167" src="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-cor-applications-e-filed-via-my-tax-portal-1200x628.jpg" width="320" /></a></div>
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All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017

All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017 In line with Government’s direction to harness technology for en...

Committee on Future Economy

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Committee on Future Economy</h2>
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SINGAPORE: This country has over the years enjoyed sustained economic growth and successfully weathered many economic crises. Singapore's economy has become more diversified and people in the country today enjoy a very good quality of life. The approach taken by the Singapore government to ensure its economy remains vibrant is through the formation of special committees. Among these committees is the Committee on the Future Economy (CFE).</div>
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The function of this committee is to examine key areas and make recommendations to chart the course of the nation's future economic growth. The CFE is a 30-member committee made up of five Cabinet ministers and 25 other members from the private sector, and was formed in December 2015 by Prime Minister Lee Hsien Loong. It is co-chaired by Finance Minister Heng Swee Keat with Minister of Trade and Industry S. Iswaran, while the other ministers are Education Minister (Higher Education and Skills) Ong Ye Kung, Minister for National Development Lawrence Wong and Minister in the Prime Minister's Office Chan Chun Sing. The other members include leaders from different industries in both global and domestic markets, as well as large and small enterprises.</div>
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In its latest report on Feb 9, 2017, the CFE outlined seven strategies for the next decade to help the nation's economy grow in this current challenging global environment. Heng said there have been numerous technological breakthroughs which had brought significant changes to the global economy and these had posed a great challenge to the committee when it began working. “What the CFE aims to do is to set out the direction and broad strategy rather than a detailed roadmap, It is much harder to say with any certainty which sectors will do well. And the nature of the economy interactions are vast, complex and fast changing," he said.</div>
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The CFE has over the past year, held more than 80 discussions and focus groups and engaged more than 9,000 stakeholders. These included trade associations, public agencies, unions, companies, executives, workers, academicians, educators and students.</div>
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The seven strategies:</div>
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Read More: <a href="https://www.3ecpa.com.sg/regulatory-and-business/committee-on-future-economy/" target="_blank">Committee on Future Economy</a></div>
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<a href="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-committee-on-future-economy-1200x628.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="167" src="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-committee-on-future-economy-1200x628.jpg" width="320" /></a></div>
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Committee on Future Economy

Committee on Future Economy SINGAPORE: This country has over the years enjoyed sustained economic growth and successfully weathered many ...

Singapore Set To Become Top Choice For Arbitration

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Singapore Set To Become Top Choice For Arbitration</h2>
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SINGAPORE: On January 10, this year, Parliament passed amendments to the Civil Law Act which paves the way for businesses involved in international commercial arbitration cases here to get third party funding (TPF).</div>
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TPF basically refers to proceedings funded by an entity unconnected to a dispute. This development opens a significant new market for funders worldwide and further asserts Singapore's eminence as an arbitral centre and paves the way for further reform.</div>
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Among others, the Act:</div>
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- abolishes the common law torts of champerty and maintenance (which restricted the use of third party funding)</div>
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- allows lawyers to recommend third-party funders to their clients provided the lawyers do not receive any direct financial benefit from such recommendations.</div>
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- Allows conditions to be imposed on third-party funders. Funders who do not comply with these conditions will not be able to enforce their rights under their third-party funding contracts.</div>
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According to reports, the passing of the amendments will likely encourage more investments into international arbitration proceedings in Singapore, which would make the nation a more attractive forum to conduct international arbitration.</div>
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The recent development is also in line with the position taken in other major seats of international commercial arbitration such as the United Kingdom, the United States and Hong Kong where third-party funding is already permitted or being considered.</div>
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Over the years, the number of disputes and value of claims resolved by arbitration in Singapore have increased and recent treaties, such as the Trans-Pacific Partnership Agreement (TPPA) indicate a further shift towards resolving more disputes in Singapore.</div>
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Read More: <a href="https://www.3ecpa.com.sg/regulatory-and-business/singapore-set-to-become-top-choice-for-arbitration/" target="_blank">Singapore Set To Become Top Choice For Arbitration</a></div>
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<a href="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-singapore-set-to-become-top-choice-for-arbitration-1200x628.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="167" src="https://www.3ecpa.com.sg/wp-content/uploads/2017/02/photo-singapore-set-to-become-top-choice-for-arbitration-1200x628.jpg" width="320" /></a></div>
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Singapore Set To Become Top Choice For Arbitration

Singapore Set To Become Top Choice For Arbitration SINGAPORE: On January 10, this year, Parliament passed amendments to the Civil Law Act...

Job Vacancies 2016

All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017

Committee on Future Economy

Singapore Set To Become Top Choice For Arbitration

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