by The Raffles Corporate Services Editorial Team | Jul 23, 2026 | Grant, Running Your Company
Singapore has spent the last few years steadily lifting the wages of lower-income workers through the Progressive Wage Model and the Local Qualifying Salary. To help employers absorb the cost of those increases, the Government runs the Progressive Wage Credit Scheme...
by The Raffles Corporate Services Editorial Team | Jul 23, 2026 | Corp Sec Library, Running Your Company
When a Singapore company has more share capital than it needs — perhaps because it wants to return surplus cash to shareholders, eliminate accumulated losses, or clean up its balance sheet before a fundraising — it can formally reduce its share capital....
by The Raffles Corporate Services Editorial Team | Jul 22, 2026 | Corp Sec Library, Running Your Company
When a company that owes you money is wound up, you cannot simply keep chasing it for payment. The company is now in the hands of a liquidator, and the only way to stake your claim to a share of whatever assets remain is to file a proof of debt. Miss the process, and...
by The Raffles Corporate Services Editorial Team | Jul 22, 2026 | Corp Sec Library, Running Your Company
When a Singapore company is wound up, control of the company passes out of the hands of its directors and into the hands of a liquidator. The liquidator becomes the single most important person in the company’s final chapter: gathering in the assets,...
by The Raffles Corporate Services Editorial Team | Jul 22, 2026 | Running Your Company
No employer enjoys retrenchment. But when a business restructures, loses a major contract or faces a downturn, letting people go is sometimes unavoidable. In Singapore, how you carry out a retrenchment matters as much as the decision itself. Handled fairly and in line...
by The Raffles Corporate Services Editorial Team | Jul 22, 2026 | Corp Sec Library, Running Your Company
Every hire your company makes rests on a contract, whether or not anything is written down. The moment an employee starts work and you start paying them, a legally binding employment relationship exists. The question is not whether you have an employment contract...
