Former Midas CEO charged for failing to use reasonable dilligence to discharge his duties as a director

The former CEO of Midas Holdings, Patrick Chew Hwa Kwang, was charged on Thursday, February 10th 2022 for allegedly failing to use reasonable diligence in the discharge of his duties as a director. He was said to have failed to exercise reasonable supervision over the financial affairs of the Midas' subsidiaries, Jilin Midas Aluminium Industries [...]

By |2022-02-10T15:45:03+08:00February 10th, 2022|Latest News and Announcements|

Upcoming changes to the Companies Act. New statutory requirements for companies.

On January 10th 2022, Parliament passed the Corporate Registers (Miscellaneous Amendments) Act. This amends the Companies Act and Limited Partnerships (LLP) Act.   What are the changes? Both local and foreign Singapore registered companies will be required to keep a non-public register of nominee shareholders and their nominators. The register will need to be updated [...]

By |2022-02-09T17:00:45+08:00February 9th, 2022|Latest News and Announcements, Running a Company|

Singapore’s 2022 Budget to be delivered on the 18th of February 2022

Finance minister Lawrence Wong will deliver the 2022 Budget on the 18th of February 2022. The Budget statement will be broadcast live on television and radio as well as on the Singapore Budget website. The Singapore Budget website: The full budget statement will be published on this website as well. The Budget is seen [...]

By |2021-12-30T12:29:05+08:00December 30th, 2021|Latest News and Announcements|


From 26 Jul 2021, all exporters of duty and GST-unpaid liquor and/or tobacco sea stores for consumption onboard a vessel by the crew and/or passengers outside Singapore waters must be registered with Singapore Customs before they can obtain an export permit via TradeNet. Exporters may register via the “Application for Registration as an Exporter of [...]

By |2021-06-25T10:35:44+08:00June 25th, 2021|Latest News and Announcements|

Postponement of 2-tier penalty framework

The 2-tier penalty framework for filing of annual returns and annual declarations by Singapore companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) will be deferred. It was supposed to take effect from the 30th of April 2021. The current penalty framework will continue to apply: Late lodgement penalty for Local Companies: Flat rate of [...]

By |2021-06-22T13:09:49+08:00June 22nd, 2021|Latest News and Announcements|

Notification to Declare Onsite Manpower Details

This is an announcement that all company officers should have received via email. We are reproducing this email to help get this message out to all companies. Dear Sir / Madam, 1. As announced under Phase 2 (Heightened Alert) on 16 May 2021, work-from-home will be the default at workplaces. Employers must ensure that employees [...]

By |2021-05-25T13:26:13+08:00May 25th, 2021|Latest News and Announcements|

Update on BizFile+ – Longer Time for Filing and No Imposition of Filing Penalties

[ANNOUNCEMENT ON ACRA.GOV.SG] We thank our BizFile+ users for their patience and understanding in the past one week while we are working urgently to resolve the system slowness and intermittent disruption issues. We sincerely apologise for the inconvenience users may have experienced. As we expect the traffic to the portal to continue to be high and [...]

By |2020-09-18T12:03:01+08:00September 18th, 2020|Latest News and Announcements|

Update on BizFile+ e-services

BizFile+ portal will be available from 14 Sep at 6am onwards. The  “Update Register of Registrable Controllers (RORC)” transaction in the Bizfile+portal will continue to be suspended.  Advance notice will be given when the lodging of RORC information resumes and a revised deadline is set. As previously announced, penalties for statutory filings with due dates between [...]

By |2020-09-14T10:29:11+08:00September 14th, 2020|Latest News and Announcements|
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