News
Singapore-Malta Avoidance Of Double Taxation Agreement Ratified
Posted On Friday, February 29, 2008
Singapore's agreement with Malta for the avoidance of double taxation comes into effect on 29 February 2008. The agreement will specify clearly the taxing rights of each country on all types of income earned from 1 January 2009.
S$1.3b Standard ICT Operating Environment Tender Awarded To oneMeridian
Posted On Thursday, February 28, 2008
By 2010, public officers will enjoy an agile infocomm environment that promotes innovation and enhances productivity at work, with the establishment of a Standard ICT Operating Environment (SOEasy) for the public sector. The S$1.3 billion SOEasy (Public Sector) tender was awarded to oneMeridian, the consortium led by EDS International. The other key members in the consortium include Alcatel-Lucent, Avanade, Cisco Systems, Frontline, Microsoft, Singapore Computer Systems and SingTel.
Speech by DPM Jayakumar during the Committee of Supply Debate
Posted On Wednesday, February 27, 2008
The text of the speech by DPM Jayakumar made during the Committee of Supply Debate in Parliament on 27 Feb 2008.
Speech by SMS A/P Ho Peng Kee during the Committee of Supply Debate
Posted On Wednesday, February 27, 2008
The text of the speech by Senoir Minister of State A/P Ho Peng Kee in Parliament during the Committee of Supply Debate on 27 Feb 2008.
MAS seeks comments on Guidelines on Board and Senior Management Responsibility for Delivering Fair Dealing Outcomes to Consumers
Posted On Thursday, February 21, 2008
The Monetary Authority of Singapore (MAS) is seeking views on proposed Guidelines on Fair Dealing – Board and Senior Management Responsibility for Delivering Fair Dealing Outcomes to Consumers (Guidelines).
Public Consultation on the Proposed Mental Health (Care and Treatment) Bill
Posted On Wednesday, February 20, 2008
The Ministry of Health would like to invite public feedback on the Mental Health (Care and Treatment) Bill (“MHCT Bill”). The proposed Bill is necessary to ensure relevance as the existing Mental Disorders and Treatment Act (MDTA) will be repealed. The Bill enhances certain safeguards to protect the interests of patients who are compulsorily admitted into psychiatric institutions. MOH is also taking the opportunity to update the penalty provisions to reflect current economic realities and the seriousness of the offences, and to be on par with equivalent legislation.
Singapore And Turkey Sign Investment Guarantee Agreement
Posted On Tuesday, February 19, 2008
Singapore and Turkey signed an Investment Guarantee Agreement (IGA) today. The agreement was signed by Mr Lim Hng Kiang, Minister for Trade and Industry, Singapore, and Mr Binali Yildirim, Minister of Transport and Communications, Turkey.
Six New Sectors Covered by Workplace Safety and Health Act from 1 March 2008
Posted On Monday, February 18, 2008
With effect from 1 March 2008, six new sectors will be covered under the Workplace Safety and Health (WSH) Act. They are: (a) Healthcare Activities; (b)Veterinary Activities; (c) Hotels, Food and Beverage Sectors; (d) Water Supply, Sewerage and Waste Management Activities; (e) Landscape Care and Maintenance Service Activities; and (f) Services allied to Transportation of Goods.
Singapore Budget 2008: Impact On Legal Practices
Posted On Saturday, February 16, 2008
The Singapore Budget 2007 has some initiatives that has an impact on legal practice. They include: (a) removal of estate duty on deaths occurring on or after 15 February 2008; (b) broaden tax reliefs for Singaporeans to top up their own CPF accounts and that of their family members; (c) tax incentives for expenses for fixtures and fittings by companies; and (d) unilateral tax credit claim for foreign income taxes.
SGX Issues Consultation Paper On Composition Fines And Minimum Penalties For Securities Market
Posted On Thursday, February 14, 2008
Singapore Exchange (“SGX”) is inviting public comment on the proposed enforcement framework, comprising a Composition System and Mandatory Minimum Penalties, for the securities market. The proposed new measures and changes will ensure prompt enforcement actions and resolution of minor to egregious rule violations. The Exchange proposed a similar enforcement structure for the derivatives market recently on 19 December 2007.
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