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Singapore which is one of the strategic financial centre in Asia has recently tightened the screws on cross-border tax cheats and complying with stricter standards for world banking centres. Earlier,Singapore has been in the grey list of countries that have not fully implemented the standards or principles drawn up by the Organization for Economic [...] XiDeLang is poised to be the third Chinese company to list on Bursa Malaysia after fellow shoe counterparts-Xingquan International Sports Holdings Ltd and Multi Sports Holdings Ltd. However,the number of listing in Malaysia is very pathetic when compared to the Singapore counterpart,where more than 100 Chinese companies [...] Singapore Airlines (SIA) will cut staff pay by 10 per cent after unveiling a net loss of S$307 million (RM736.8 million) in the April-June quarter — only its second-ever quarterly loss. It had recorded a net profit of S$358.6 million in the same quarter last year.
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It is interesting to note that Temasek Holdings has a compensation structure where all the staff share in both positive and negative results of the company which in essence having an owner’s approach to the business and operations. When Temasek achieves above-target returns,there is the Wealth Added and reported in the annual [...] Interesting key features from Singapore Second Finance Minister Tharman Shanmugaratnam when presenting the 2007/2008 budget: the plans to raise the country’s goods and services tax (GST) to 7% from 5% from July 1 and cut corporate tax by 2 percentage points to 18% next year. the GST increase will be used to redistribute wealth to [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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