by Willie Tan | Apr 17, 2024 | Glossary
The Building and Construction Authority (BCA) of Singapore is a statutory board under the Ministry of National Development. It plays a key role in regulating and promoting the building and construction industry in Singapore. The BCA is responsible for several...
by Willie Tan | Apr 16, 2024 | Glossary
In the context of business and accounting, “Goodwill” in Singapore refers to the intangible asset that represents the excess of the purchase price of a company over the fair value of its identifiable tangible and intangible assets acquired in a business...
by Willie Tan | Apr 16, 2024 | Glossary
PMETs stands for “Professionals, Managers, Executives, and Technicians.” It’s a term commonly used in various countries, including Singapore, to refer to a specific segment of the workforce. PMETs typically include individuals who hold professional,...
by Willie Tan | Apr 16, 2024 | Glossary
Royalties are payments made to the owner of intellectual property (IP) for the use or exploitation of that property. This compensation is typically a percentage of revenue generated from the use of the IP. Intellectual property can include things like patents,...
by Willie Tan | Apr 14, 2024 | Glossary
Human resources (HR) refers to the management of an organisation’s workforce or human capital. It encompasses the policies, practices, and processes involved in recruiting, hiring, training, managing, and retaining employees to achieve the organisation’s...
by Willie Tan | Apr 14, 2024 | Glossary
A joint venture (JV) is a business arrangement in which two or more parties collaborate to pool their resources, expertise, and capital to undertake a specific project or venture. Joint ventures are commonly formed to pursue opportunities that require specialised...
