Changi Airport breaks 31-year record
for March passenger traffic
The world’s most awarded airport has seen its highest inflow of passengers for the
month of March.
Singapore company registration specialist Rikvin discusses three
main factors that play a role in Singapore’s attractiveness as destination for leisure
and business....
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Changi Airport breaks 31-year record for March passenger traffic The world’s most awarded airport has seen its highest inflow of passengers for the month of March. Singapore company registration specialist Rikvin discusses three main factors that play a role in Singapore’s attractiveness as destination for leisure and business. According to a recent Straits Times report, Changi Airport has handled 4. 28 million passengers last month. This figure represents 1) the highest number of passengers recorded in March in 31 years and 2) a 15. 3% year-on-year (y-o-y) increase in passenger traffic during the same month. Changi Airport Group (CAG) attributed the volume of passengers last month to strong regional air traffic. According to CAG, aircraft movements has grown to 27,000 last month, representing a 10. 6% y-o-y increase. Both low cost carriers such as Jetstar and Tiger Airways as well as full-service carriers such as SilkAir, Lufthansa and Qantas have been expanding their destinatio
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Da Lorie Smith
Microsoft Word
Pub. il Maggio 31st 2012
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Singapore to Update Taxonomy XBRL Filing Requirements
by Q2 2013
Opening the proposed changes to the XBRL filing requirements and Exposure Draft
(ED) Taxonomy will result in a more efficient financial reporting process for
Singapore companies and improve the flow of financial information to the
international business community.
In...
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Singapore to Update Taxonomy XBRL Filing Requirements by Q2 2013 Opening the proposed changes to the XBRL filing requirements and Exposure Draft (ED) Taxonomy will result in a more efficient financial reporting process for Singapore companies and improve the flow of financial information to the international business community. In light of the impending peak Annual General Meeting (AGM) season, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) has timely released a public consultation paper on revisions to its 1) XBRL (eXtensible Business Reporting Language) filing system as well as 2) Exposure Draft (ED) Taxonomy 2012. The proposed revisions are targeted for implementation in the second quarter of 2013. The areas of review include • Proposed revisions to XBRL filing requirements and • ED ACRA Taxonomy 2012. Singapore company registration specialist Rikvin is confident that this is a good move because it demonstrates the Republic’s commitment to enforce a financial f
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Da Lorie Smith
Microsoft Word
Pub. il Maggio 31st 2012
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Singapore the Third Safest Investor
Haven in Asia Pacific
The recently-published Dun & Bradstreet Global Risk Indicator (GRI) has ranked
Singapore as the third safest country in Asia Pacific for investors, after Australia and
Hong Kong.
The report, which assessed the political, commercial, economic and
external risks of doing business...
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Singapore the Third Safest Investor Haven in Asia Pacific The recently-published Dun & Bradstreet Global Risk Indicator (GRI) has ranked Singapore as the third safest country in Asia Pacific for investors, after Australia and Hong Kong. The report, which assessed the political, commercial, economic and external risks of doing business in 131 countries, also ranked the Lion City ahead of Asian economic powerhouses China and Japan. Analysis by Singapore company registration specialist Rikvin shows that the latest survey by Dun & Bradstreet builds on the Republic’s list of investment-related accolades. In the 2011 BERI Report, Singapore has been named the city with the world’s best investment potential and prior to that, the Republic was The Globalization Index’s top third economy in foreign trade and investment in 2010. “The latest ranking by Dun & Bradstreet build on Singapore’s track record as one of the most attractive environments for business investments due to its stable risk p
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Da Lorie Smith
Microsoft Word
Pub. il Maggio 31st 2012
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Singapore Permanent Residence Schemes Presented By Rikvin
Rikvin, leading Singapore company registration services and corporate solutions
provider established a service that will cater applications for Singapore permanence
residence status.
“Singapore population tipped at 5 million at the end of 2009, and one tenth of the
population...
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Singapore Permanent Residence Schemes Presented By Rikvin Rikvin, leading Singapore company registration services and corporate solutions provider established a service that will cater applications for Singapore permanence residence status. “Singapore population tipped at 5 million at the end of 2009, and one tenth of the population are permanent residents. In 2009, almost 60,000 foreigners were granted permanent residence status. The sophisticated infrastructure, education, safety and healthcare are the top reasons why these new permanent residents choose to make Singapore their home,” Rikvin said. “Singapore has been keeping an open door immigration policy to attract foreign talent and to maintain a healthy population growth. The driving factor has always been an economic one. The low birth rate and the need to improve human capital in Singapore have been the two main impetuses that led to the escalation in Singapore s population growth in the last two decades. Foreign talent
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Da Lorie Smith
Microsoft Word
Pub. il Maggio 31st 2012
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Revised Code Augurs Well for S’pore
Firms
Singapore company registration specialists Rikvin anticipates that the revised code of
corporate governance issued by Monetary Authority of Singapore (MAS) on May 2
will enhance investor confidence in the republic s capital markets and develop strong
corporate governance among the listed...
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Revised Code Augurs Well for S’pore Firms Singapore company registration specialists Rikvin anticipates that the revised code of corporate governance issued by Monetary Authority of Singapore (MAS) on May 2 will enhance investor confidence in the republic s capital markets and develop strong corporate governance among the listed companies here. The Monetary Authority of Singapore (MAS) has accepted most of the recommendations made by the Corporate Governance Council (CGC). The council was established by MAS in February 2010 to promote a high standard of corporate governance among listed companies in Singapore. The Council submitted its recommendations on November 22, 2011 after widespread consultations. The revised code will take effect in respect of annual reports relating to the financial year commencing on November 1, 2012. It incorporates key changes in the areas of: 1. director independence, 2. board composition, 3. director training, 4. multiple directorships, 5. altern
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Da Lorie Smith
Microsoft Word
Pub. il Maggio 31st 2012
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NTUC calls for incomegap reduction
in S’pore
The National Trades Union Congress (NTUC) in its May Day Rally message
emphasized that as the cost of living increases, it is imperative to speed up
real wage increase and slow down the widening of income gap in Singapore.
This comes on the back of a three-year wage restructuring proposal...
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NTUC calls for incomegap reduction in S’pore The National Trades Union Congress (NTUC) in its May Day Rally message emphasized that as the cost of living increases, it is imperative to speed up real wage increase and slow down the widening of income gap in Singapore. This comes on the back of a three-year wage restructuring proposal put forward by Lim Chong Yah, former Chief of the National Wages Council. Aimed at tackling income inequality and working towards higher productivity in Singapore, Lim had proposed a 50% pay hike over three years for those earning less than S$1,500 month while those drawing S$15,000 or more would see their wages frozen for three years. Meanwhile, Lim Swee Say, Secretary General of NTUC, added,” As we slow down the increase of global manpower in our workforce, we must make better use of every worker at all levels, including our lower wage workers. Our workplace must be more age-friendly for mature workers to continue working in a fair and meaningful way;
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Da Lorie Smith
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Pub. il Maggio 31st 2012
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Pay Hike to Benefit Singapore Economy
Company registration specialist Rikvin is optimistic that industries’ move to increase
salaries will create a win-win situation for employees as well as employers and in
turn, benefit the city-state s economy in the near to medium term.
A recently published online survey, conducted by human...
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Pay Hike to Benefit Singapore Economy Company registration specialist Rikvin is optimistic that industries’ move to increase salaries will create a win-win situation for employees as well as employers and in turn, benefit the city-state s economy in the near to medium term. A recently published online survey, conducted by human resources consultancy Towers Watson has found that employers in Singapore are planning to increase wages by an average of 4. 5% this year. The findings come just days before the muchanticipated unveiling of the latest wage guidelines by the Singapore’s National Wages Council. Singapore Company Registration specialist Rikvin is optimistic that this move will create a win-win situation for employees as well as employers and in turn, benefit the city-state’s economy in the near to medium term. Rikvin also sees this move as complementary to government efforts to tackle inflation. According to the survey that was conducted in 18 Asia Pacific countries between Fe
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Da Lorie Smith
Microsoft Word
Pub. il Maggio 29th 2012
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Singapore’sLow TalentRisk Set toBenefitBusinesses
The latest ranking by Aon Hewitt’s People Risk 2012 Update will motivate
East-bound businesses to opt for Singapore company formation.
According to a recently published People Risk 2012 Update by human
resources firm Aon Hewitt, Singapore has the lowest talent risk in Asia Pacific...
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Singapore’sLow TalentRisk Set toBenefitBusinesses The latest ranking by Aon Hewitt’s People Risk 2012 Update will motivate East-bound businesses to opt for Singapore company formation. According to a recently published People Risk 2012 Update by human resources firm Aon Hewitt, Singapore has the lowest talent risk in Asia Pacific and the third lowest worldwide. The other four Asia Pacific cities with the lowest talent risk are Hong Kong, Melbourne, Sydney and Taipei. Singapore Company Registration specialist Rikvin is confident that the latest ratings will bode well for entrepreneurs who are considering relocation to Singapore. Additionally, the rankings may motivate more companies to opt for Singapore subsidiary or branch registration. The Index, which measured 131 cities worldwide, was designed to help organizations make better-informed human capital-related management decisions such as relocating operations or functions. The Index assessed cities based on 30 factors spread acr
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Da Lorie Smith
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Pub. il Maggio 28th 2012
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Emerging Fashion Labels to
Benefit from Singapore Setup
Following the conclusion of two major fashion events organized by Asia
Fashion Exchange (AFX), Singapore company registration specialist Rikvin is
confident that Singapore is positioned to be Asia’s fashion hub for emerging
fashion designers.
Just recently, Singapore has hosted...
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Emerging Fashion Labels to Benefit from Singapore Setup Following the conclusion of two major fashion events organized by Asia Fashion Exchange (AFX), Singapore company registration specialist Rikvin is confident that Singapore is positioned to be Asia’s fashion hub for emerging fashion designers. Just recently, Singapore has hosted two major fashion events which were aimed at catapulting homegrown talent to the international stage. Blueprint 2012, which showcased primarily up-and-coming Asian designers, in tandem with the Third Asia Fashion Summit (AFS), which brought together the global fashion industry’s thought-leaders such as Nicola Formichetti, served as platforms for local and regional fashion labels to go global. Singapore Company Registration specialist Rikvin is confident that the events are testament to Singapore’s ambition to become Asia’s leading fashion hub for emerging fashion designers. Furthermore, as international and Asian fashion buyers look east for fresh blood
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Da Lorie Smith
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Pub. il Maggio 24th 2012
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Singapore More Business Friendly
for Middle Eastern Entrepreneurs
The ease of Singapore company registration and access to public as well as
private sector funding could offer a respite to Middle Eastern entrepreneurs
who are stymied by high business setup costs.
According to a recent report on Forbes.
com, high licensing and...
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Singapore More Business Friendly for Middle Eastern Entrepreneurs The ease of Singapore company registration and access to public as well as private sector funding could offer a respite to Middle Eastern entrepreneurs who are stymied by high business setup costs. According to a recent report on Forbes. com, high licensing and governmentrelated fees are squeezing small businesses of their hard-earned profits and stifling entrepreneurship in the Gulf Cooperation Council (GCC). Affected GCC economies include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE). According to the report, four factors i. e. 1) business registration fees, 2) paidup capital, 3) business renewal fees and 4) exorbitant rental rates put GCC entrepreneurs between a rock and a hard place. 1. Business registration fees, which include government fees, visas and deposits, ranges from US$5000 in Bahrain to US$15,000 in Saudi Arabia and UAE. 2. Paid-up capital of US$15,000 is also required
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Da Lorie Smith
Microsoft Word
Pub. il Maggio 23rd 2012
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