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The CPF is a mandatory social security savings scheme funded by contributions from employers and employees. It is a key pillar of Singapore’s social security system, and serves to meet retirement, housing and healthcare needs.Prior to 1988, all workers in Singapore received the same CPF contribution rates regardless of age. However, changes…

The Jobs Growth Incentive (JGI) is one of the various initiatives introduced by the Singapore government in 2020. It aims to encourage employers to expand local hiring by providing salary support for new employees hired between September 2020 to September 2022. Here are some of the updates for the JGI…

We are officially Shopline’s Singapore Partner of the Year!Our team is extremely honoured to be accorded such a prestigious award by Shopline! Being its partner that with the highest sales volume in 2021, we are proud of our achievements and we could not have done it without you!A heartfelt appreciation to…

Our Finance Minister, Mr Lawrence Wong, has just delivered the new Budget 2022 “Charting our New Way Forward Together” today. Here are the highlights: Small Business Recovery Grant $1,000 payout per local employee hired, capped at $10,000 per company Once-off $1,000 for entities that do not hire locals, such as…

As the world of business continues to evolve in this ‘new normal’, the need for digitalization becomes all the more apparent. Since the start of Covid-19, digitalization has played a major role for business survival. For many, it was a necessary tool in order to stay competitive and remain sustainable.Whilst…

The SkillsFuture Enterprise Credit (SFEC) aims to encourage employers to invest in both enterprise and workforce transformation. Companies that are eligible will be able to receive additional funding for their organisational transformation projects, as well as manpower upskilling efforts, on top of existing government support schemes. If your company has received prior approval for any…