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Legal challenges posed by the Covid-19 fallout and how the Small and Medium Enterprises (SMEs) should respond

Ace Global
December 30, 2021

COVID-19’s unprecedented and widespread disruptions to business operations have thrown many Small and Medium Enterprises (SMEs) into financial crisis.

5G and government support boost renewable use for data centres

Ace Global
December 30, 2021

Athough it is not optimistic for data centre operators in Singapore to have solar and wind as their primary energy source by 2025, the new government support for green energy and the introduction of 5G network will offer opportunities for the renewable energy sector in the Singapore.

Singapore – UK sign Free Trade Agreement (FTA) to work towards a digital economy agreement

Ace Global
December 30, 2021

On Thursday (10 December 2020), Singapore and the UK have signed the UK-Singapore Free Trade Agreement (FTA). According to the Ministry of Trade and Industry (MTI), Singapore and UK companies will enjoy the same benefits from the EU – Singapore FTA (EUSFTA).

PwC Singapore calls for tax incentives on Covid-19 business spend in Budget 2021

Ace Global
December 30, 2021

PwC Singapore has suggested that the tax rules should be adjusted in the next national Budget to cover pandemic-related spending and business needs.

Closure of Deposit Service Accounts service from 1 Oct 2021

Ace Global
December 30, 2021

From 1 Oct 2021, the Deposit Service Accounts (DSA) service – one of the payment methods available for customers transacting with BizFile+ and ACRA iShop, will be discontinued.

Budget 2021: GST to be extended to low-value and non-digital imports from 2023

Ace Global
December 30, 2021

On Feb 16, 2021, Deputy Prime Minister Heng Swee Keat announced that low-value goods bought online and imported via air or post will be subject to Goods and Service Tax (GST).

Singapore GDP is forecasted to grow up to 5.8% in 2021.

Ace Global
December 30, 2021

According to 24 economists surveyed by the Monetary Authority of Singapore (MAS), the gross domestic product of Singapore is predicted to rise to 5.8 percent this year.

DBS releases digital advisory services to better support customers in decision-making for personal investment.

Ace Global
December 30, 2021

Based on the customer’s personal investing knowledge and financial goals, a list of suggested investment products will be customized to match customer demand.

Singapore firms launch green financing projects for national development on Earth Day

Ace Global
December 30, 2021

Coinciding with the global observance of Earth Day, Singapore companies have brought out sustainable finance initiatives.