Job Vacancies 2016

<h2 style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif;"> Job Vacancies 2016</h2> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 5 in 10 job vacancies are PMET jobs; mainly education, healthcare, infocomm and service-related occupations</div> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> Read More: <a href="https://www.3ecpa.com.sg/regulatory-and-business/job-vacancies-2016/" target="_blank">Job Vacancies 2016</a></div> <div class="separator" style="clear: both; text-align: center;"> <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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> <br /></div>

Job Vacancies 2016

Job Vacancies 2016 5 in 10 job vacancies are PMET jobs; mainly education, healthcare, infocomm and service-related occupations Nearly half of all vacancies as at 30 September 2016 were for profession…

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

<h2 style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif;"> All COR applications have to be e-Filed via myTax Portal from 1 Jun 2017</h2> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> <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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> For example, in the year 2017, the company may apply COR for YA 2017, YA 2018, and YAs 2015 to 2016.</div> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div class="separator" style="clear: both; text-align: center;"> <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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> <br /></div>

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 enhanced productivity, all COR applications have to be e-Filed v…

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Committee on Future Economy

<h2 style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif;"> Committee on Future Economy</h2> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> <br /></div> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> The seven strategies:</div> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> Read More: <a href="https://www.3ecpa.com.sg/regulatory-and-business/committee-on-future-economy/" target="_blank">Committee on Future Economy</a></div> <div class="separator" style="clear: both; text-align: center;"> <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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> <br /></div>

Committee on Future Economy

Committee on Future Economy SINGAPORE: This country has over the years enjoyed sustained economic growth and successfully weathered many economic crises. Singapore's economy has become more diversifi…

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Singapore Set To Become Top Choice For Arbitration

<h2 style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif;"> Singapore Set To Become Top Choice For Arbitration</h2> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> Among others, the Act:</div> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> - abolishes the common law torts of champerty and maintenance (which restricted the use of third party funding)</div> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> - allows lawyers to recommend third-party funders to their clients provided the lawyers do not receive any direct financial benefit from such recommendations.</div> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> - 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> 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> <div class="separator" style="clear: both; text-align: center;"> <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> <div style="color: #333333; font-family: "normal Arial", Helvetica, sans-serif; font-size: 14px; margin-bottom: 10px; padding: 0px;"> <br /></div>

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 which paves the way for businesses involved in international …

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