Recent news
Latest items of recent news relevant to Singapore as reported in our fortnightly newswire ‘Dernières nouvelles’.
Singapore: Increase in CPF monthly salary ceiling as of 1st September 2023
The maximum amount of monthly wages eligible for Central Provident Fund (CPF) contributions (also known as the CPF monthly salary ceiling) is currently set at $6,000 (US$4,425) …
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Singapore: Economy grew 0.1% in Q1 2023 – MTI advance estimates
Sudden economic weakening after post-COVID 19 recovery …
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Singapore: Medical insurance for foreign workers
Employers must buy and maintain medical insurance for each Work Permit and S Pass holder, to cover in-patient care and day surgery, including hospital charges for conditions that may not be work-related …
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Singapore: HSP extended by three months, with additional measures
During the extended heightened safety period (HSP), which will now last until 31st May 2023, the Ministry of Manpower (MOM) will put in place additional measures, such as a requirement for CEOs and their Board of Directors to attend a mandatory half-day, and ‘in-person’ workplace safety and health (WSH) training course if their company has been found to have had serious past WSH lapses …
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Singapore: Listed firms must disclose Board salaries
Under the terms of the Singapore Exchange Regulation (SGX RegCo), Singapore-listed companies must soon disclose in their annual reports the exact amount and breakdown of remuneration packages paid to Board Directors and their CEO …
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Singapore: New rules for worker comfort and transport safety
Employers must now provide a rest period of at least 30 minutes for dual-role drivers (onsite workers who are also lorry drivers) if the drivers have worked for at least six hours …
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Singapore: New network to develop work injury compensation policies for platform workers
The Platform Workers Work Injury Compensation Network (PWIN) comprises platform companies, insurers and tripartite partners …
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Singapore: Salary threshold for exemption from FCF job advertising requirement to be increased
Currently, foreign national who are Employment Pass holders who earn a fixed monthly salary of at least $20,000 (US$15,103) are exempted from the Fair Consideration Framework (FCF) job advertising requirement …
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Singapore: References for financial institutions
The Monetary Authority of Singapore is poised to introduce mandatory reference checks, prior to appointment, for all representatives of financial institutions …
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Singapore: Workforce insights tool
Workforce insights tool in the myMoM Portal is now ready for use …
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Singapore: Mandatory retrenchment notifications
With a downturn on the horizon, it seems an appropriate time to offer a reminder about downsizing procedures …
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Singapore: Flexible wage system
The Government is encouraging all employers to implement the Flexible Wage System (FWS) …
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Singapore: New chatbot to allow online filing of unpaid salary claims
Workers will be able to file unpaid salary claims online via an online portal with effect from March 2023 …
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Singapore: GST will go up to 8% in 2023
Staff must prepare for GST changes …
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Singapore: MOM launches health Code of Practice
The Code of Practice (CoP) under the Workplace Safety and Health (WSH) Act will become mandatory from next month …
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