by Daryl Lum | Apr 12, 2024 | Glossary
Arbitration is a form of alternative dispute resolution (ADR) where parties agree to resolve their dispute by a neutral tribunal, typically comprising at least one arbitrator, whose decision is binding. This method offers a private and confidential resolution process...
by Daryl Lum | Apr 12, 2024 | Glossary
Amortisation, a fundamental concept in accounting, entails gradually reducing the recorded cost of an intangible asset over its anticipated period of utilisation, commonly referred to as its useful life. This process effectively transfers the asset from the balance...
by Daryl Lum | Apr 12, 2024 | Glossary
An acquisition refers to a transaction in which a company acquires a majority or all of another company’s shares to attain control over it. Such transactions are widespread in the business world and can occur either with or without the approval of the target...
by Willie Tan | Apr 12, 2024 | Glossary
A Model Constitution refers to a standardised set of rules and regulations that govern the internal workings and structure of an organisation, typically a company, association, or other legal entity. It serves as a template or framework for drafting the constitution...
by Willie Tan | Apr 12, 2024 | Glossary
A Private Limited Company, often abbreviated as Pvt Ltd or Pte Ltd, is a type of business entity that is privately held by a small group of shareholders. This business structure is commonly used in many countries, including the United Kingdom, India, Singapore,...
by admin | Apr 12, 2024 | Glossary
The Productivity Solutions Grant (PSG) is a government initiative in Singapore aimed at assisting businesses in adopting technology solutions and enhancing productivity. Understanding the concept of PSG is essential for businesses seeking financial support to improve...
