News and Blog

Singaporean companies lead the global front in ethical standards Singapore continues to impress with outstanding statistics, as a recent study by LRN Corporation reveals that the city-state is surpassing its global counterparts in ethics and compliance metrics.   The latest report shows that 90% of all Singapore companies surveyed, have made difficult decisions to align […]

Singapore ranks third for building multi-generational wealth On Jan. 13, the citizenship advisory firm Henley & Partners published an index of the best countries for families to relocate for better wealth. Singapore took third place behind Switzerland and the United States.   The firm assessed 27 countries on factors such as education, career advancement, livability,

Singaporean businesses: importance of human touch for sustainable growth amidst rapid AI expansion Nearly nine in 10 business leaders in Singapore are committed to maintaining human touch after recent technology movements and the rise of AI take over jobs, according to a new survey by HSBC.   The survey, which was conducted among 2,900 business

Although the workforce shortage situation is stabilizing, many companies still look for foreign recruits to avoid facing shortages again. Industries like information and communication technologies and financial services are looking for recruiters today.

Singapore and Malaysia agreed on new economic incentives to boost border trade.
Both countries have partnered to create a special economic zone (SEZ) in Malaysia’s Johor State that is expected to be signed at the 11th Leaders Retreat at the end of 2024. This agreement will serve as an impetus to strengthen business between the two countries, which has suffered due to the global economic slowdown.

Singapore is among the top 10 leading countries in artificial intelligence (AI) research and technology in 2024. Between 2013 and 2022, the country has come up with 165 AI startups and $5 billion in AI investment. Now, global companies refer to it as a future possible “global AI hub.”

According to CBRE, this year, investors remain confident and interested in the Singapore market. Last year, the country witnessed an impasse between buyers and sellers leading to a 29% year-on-year decline in real estate investments.

Entering the IT sector in Singapore is an opportunity to be at the forefront of digital transformation, driving innovation, efficiency, and growth.

You have two choices as a business owner when it comes to accounting: outsourcing it to a third-party accounting firm or maintaining it in-house. Both options have benefits and drawbacks, and the choice ultimately comes down to your company’s particular requirements.