Preparing your Company for FRS115 (IFRS15)
The Accounting Standards Council issued FRS 115 (also known as IFRS 15) on 19 Nov 2014. FRS 115 is effective from annual periods beginning on or after 1 Jan 2018. Earlier application is permitted. Objectives of FRS 115 The objective of IFRS 15 is to set out standards for recognition and measurement of revenues in…
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POSTED BY
Barry Jay Epstein, Ph.D., CPA
SGX, Third500 to build emerging growth IPO market
THIRD500, the Singapore-based affiliate of US investment bank, Healthios Capital Markets LLC, on Monday said it is partnering the Singapore bourse to build a pre-IPO (initial public offering) and IPO market for venture-backed emerging growth companies. In particular, Third500 focuses on companies that have each attracted on average US$60 million in private investments, and are looking…
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POSTED BY
Wan Wei Han
Universal SGQR code rolled out in Singapore
A universal QR code was launched on Monday (Sept 17) to free merchants from the need to display multiple QR codes to accept different cashless payment schemes. Dubbed SGQR, the national QR code allows consumers to scan and transfer funds from as many as 27 e-payment apps, including GrabPay, Dash and Nets. Singapore’s interbank instant fund…
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Wan Wei Han
Noble Group’s Top Creditors Seek to Draw Line Under Crisis
Noble Group Ltd. plans to introduce the schemes of arrangement that underpin its restructuring this week, a key step in the creation of a new company that senior creditors signaled will hold to the highest standards of corporate governance after a drawn-out crisis. The schemes, which buttress the $3.5 billion debt-for-equity rescue, will be introduced…
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Wan Wei Han
Changes to Individual Income Tax Law in China
China’s top legislature passed the amendment to the Individual Income Tax Law on Friday 31 August 2018. This article explores the main changes introduced by the new legislation. On 31 August 2018, China’s Individual Income Tax Law (Amendment) was passed by the NationalPeople’s Congress of the People’s Republic of China (PRC). It will be effective…
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