Search Results for: Singapore

Singapore will review its 80 bilateral agreements on avoiding double taxation to ensure they do not help companies avoid paying tax where relevant business activity took place. This follows its signing the Organisation for Economic Cooperation & Development (OECD)-sponsored Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.…

ACCOUNTANTS must become trusted business advisers to succeed in big corporations, says ACCA-qualified Sumathi Mohnani, whose 20-year career at IBM has seen her become Global Integration CFO for one of its subsidiaries – Sanovi Technologies.

“You need to understand the business itself – the product or the service that you are selling,” she stressed.…

THE HUMAN resources sector has been urged to put pressure on governments and investment fund managers in Asia to strengthen pension provisions as they deal with the consequences of rapidly aging populations.

And HR and economics experts have warned that corporate HR teams have a critical role to play in educating the workforce about the extent, however limited, of their pension provision and working with company bosses to strengthen policies within their organisations to compensate for the lack of robust schemes in existence.…

SINGAPORE Airlines has launched ‘green package’ for its San Francisco-Singapore route, with planes burning a biofuel-kerosene blend, with the biofuel component including used cooking oils. The flights, which began on May 1, also use the airline’s most fuel-efficient aircraft, with special efforts to optimise flight paths and air traffic management to cut fuel consumption and carbon emissions.…

Ethiopia airlines, the largest cargo carrier in Africa, is close to completing its cargo terminal expansion as part of a major infrastructure upgrade at Addis Ababa Bole International Airport, serving the Ethiopian capital.

Ethiopian Airlines, with its fleet of two Boeing 757Fs and six Boeing 777Fs, requested the new facility to accommodate increased volume growth and transit traffic.…

An increasing and unprecedented desire to smell good at all times is driving an increase in deodorant sales within Indonesia, an emerging market of more than 260 million people, whose tropical climate sees average daily highs generally exceed 28C.

The affordability of deodorants and their widespread availability at supermarkets have been boosting sales, especially among the country’s growing middle class, although there has not been a constant increase in sales in recent years, with a fall in the value of the Indonesian Rupiah in 2013 and 2014 depressing imports, which are of key importance for supplies of this consumer product in Indonesia.…

THE PLANNED introduction of mandatory audit firm rotation (MAFR) by the South African Independent Regulatory Board for Auditors (IRBA) has sparked widespread dissention within the country’s business and accounting communities This is despite that the reform’s goal is to strengthen auditor independence and audit quality and that there are some calls for the move to be brought forward from the current introduction date of April 1, 2023.…

AN INITIATIVE led by Singapore’s Textile and Fashion Federation (Taff) along with the International Enterprise Singapore agency (part of the ministry of trade and industry) is helping city state textile companies strengthen their market position by integrating technology into fashion.

A key part of this initiative (launched last year – 2016) is organising trade shows in the world’s fashion capitals –  New York, Paris and Shanghai – helping Singapore designers to “link up with buyers, retailers and stockists,” Taff CEO Lynette Lee told WTiN.com…

Securities Commission Malaysia (SC) has released a new Malaysian Code on Corporate Governance (MCCG). This revised guidance encourages the development of corporate governance culture, not just within listed companies, but also state-owned enterprises, small-and-medium sized enterprises (SMEs) and licensed intermediaries. This code includes 36 practices to support strong board leadership; effective audit, risk management, and internal controls; and solid corporate reporting.…

VIETNAM is working hard to develop an upstream parts manufacturing base, but this goal is proving hard to achieve and meanwhile, regional liberalization through the Association of Southeast Asian Nations (ASEAN) is threatening the country’s auto assembly segment.

In many ways, it is crunch time for Vietnam’s auto sector.…