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April 18, 2024
A Singapore company secretary is essential in ensuring that the company complies with all regulatory compliance. The company secretary is responsible for duties like maintaining records and statutory…
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April 17, 2024
Force majeure is a legal term that refers to unforeseeable circumstances or events beyond the control of the parties involved in a contract, and which make it impossible…
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A consortium is a group or association of individuals, companies, organisations, or governments that come together to achieve a common goal or objective. Typically, members of a consortium…
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April 17, 2024
A deed of guarantee is a legal document in which one party, known as the guarantor, agrees to take on the responsibility of fulfilling the obligations of another…
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A banker’s guarantee, also known as a bank guarantee or a standby letter of credit, is a type of financial instrument issued by a bank on behalf of…
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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…
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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…
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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…
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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…
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April 14, 2024
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…
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