Wednesday, 30 November 2016

Getting updated on terminations at our HR knowledge clinic

Last week, Wolters Kluwer Singapore ran one of our knowledge clinics in Singapore, in the area of human resources, focusing specifically on terminations. We invited our Asia Pacific Employment Law Online subscribers to join us for the session, titled Managing Terminations of Employment in Asia.

Our speaker for the day was Fatim Jumabhoy from Herbert Smith Freehills. Her expertise and wealth of experience was evident throughout, not to mention her exceptional delivery of information.

She went through the legal requirements for disciplinary and dismissal handling when terminating employees across Asia, looking specifically at Singapore, Hong Kong, Malaysia, Indonesia, Japan and Korea. She also highlighted particular areas of concern that our attendees needed to be aware of, as well as discussing such topics as notice periods and severance payments.

Tuesday, 22 November 2016

“Akaun Emas”- A second retirement “nest egg” unveiled

Effective 1 January 2017, a new account called Akaun Emas (Gold Account) will be launched by Employees Provident Fund (EPF) for members working beyond the age of 55 following a consultation held with stakeholders.

Results from Members’ Consultation showed that 91,047 members had opted for an option to retain the full withdrawal age of 55 and to lock in new contributions until the age of 60. Akaun Emas was introduced in tandem with the increase of compulsory retirement age announced by the government from age 55 to age 60. Moreover, response from Members’ Consultation would have also been considered for the creation of this new account.

Thursday, 17 November 2016

A Practical Guide to Financial Reporting Standards, Singapore (6th Edition) launching soon!

The long anticipated 6th edition of the WK A Practical Guide to Financial Reporting Standards, Singapore will be available for purchase on 13 December 2016!

A Practical Guide to Financial Reporting Standards, Singapore is a comprehensive guide to accounting standards in Singapore.

This 6th Edition covers all the Financial Reporting Standards (FRSs) and Interpretations of Financial Reporting Standards (INT FRS) issued by the Accounting Standards Council that are effective as at 1 January 2017. Also included are the three major FRSs that are effective on:

Thursday, 10 November 2016

"A Practical Guide to Company Secretarial Obligations in Singapore" out soon!

That's right, A Practical Guide to Company Secretarial Obligations in Singapore will be out soon, and you can make a pre-order now! The book provides a clear and concise explanation of the laws and issues affecting corporate secretarial practice

This book will be a great help to both new company secretaries as well as senior company secretaries and those in a compliance role to understand and apply the requirements of a company and securities laws in fulfilling their obligations to their company and its offices. 

Thursday, 3 November 2016

Hong Kong's Public Consultation on BEPS Implementation

A public consultation on the implementation of base erosion and profit shifting (BEPS) measures proposed by the OECD was launched by the Hong Kong government on 26 October 2016. 

The top priority in the package put forward by the OECD is to monitor the implementation of four minimum standards: countering harmful tax practices, preventing treaty abuse, imposing country-by-country (CbC) reporting requirements, and improving the cross-border dispute resolution regime.

Monday, 31 October 2016

Our buzzing SOY Books Promotion

If you haven't heard of our 2017 SOY Books Promotion yet, well don't worry, you still have time. We started on the 17th of October 2016 and we've been motoring along nicely. But what's SOY, you ask? Right, let me give you a bit of background.

SOY stands for start of year. In this instance, our campaign involves Wolters Kluwer books that are expected to be out in the first quarter of 2017. Well, for the first time, we're giving you a chance to pre-order these books early, rather than wait for 2017 to send in your order! AND, since we believe that the end of the year should have a feel good touch to it, we'll throw in a couple of extras! Interested? Read on!

Tuesday, 18 October 2016

BR1M: Friend or foe?

Ever since the launch of 1Malaysia People’s Aid (BR1M) in 2012, its allocation has expanded from RM2.6b (2012) to RM5.9b (2016). It began as a single payment of RM500 and RM250 to eligible households and single individuals respectively. 2016 sees the government doling out amounts of RM1,050, RM1,000, RM800 and RM400 to different categories of eligible recipients.

The need for BR1M cannot be denied. It targets households that earn less than RM4,000 per month and singe individuals that earn less than RM2,000 per month. Increased costs of living have left the M40 group feeling the pinch, what more of those in the B40 group? However, these cash payments can only go so far by making the recipients feel slightly less poorer for a few weeks at a stretch. It temporarily alleviates the symptoms but it does not address the root cause of the existence of the B40 group and people remaining in there.

Why do people still remain in poverty?