Voluntary gst registration singapore

- A + A (June 23): Opposition politicians in Singapore won’t support the government’s plan to proceed with a goods and services tax (GST) hike amid inflationary concerns. The Workers’ Party on Wednesday (June 22) said it “cannot support” the decision to raise the consumption-based tax and will “continue to argue” against any proposed increase. The statement, posted on the party’s Facebook page, came after Deputy Prime Minister Lawrence Wong said the timing of the tiered tax hike won’t be revised despite concerns over mounting price pressures. The tax is set to rise to 8% from 7% in January next year and then to 9% in 2024. Inflation in the trade-reliant business hub has surged, leading the Monetary Authority of Singapore to tighten monetary policy three times in the past eight months. The core inflation print for May, to be announced on Thursday, is expected to climb further from a decade-high of 3.3% in April, according to a Bloomberg survey. Earlier this … [Read more...] about Singapore opposition politicians won’t support GST hike plans

- A + A (June 25): Singapore imposed mandatory screening for tuberculosis in an apartment block after about 170 people tested positive for the infectious disease. Stallholders, shop owners and their employees who are located in the complex will also be tested, the Ministry of Health said in a statement on Friday (June 24). An earlier voluntary round of screening found about 30% of 574 residents and workers testing positive, and those who have not participated must now do so. The ministry said tuberculosis is endemic in Singapore, and is not uncommon in Singaporeans. The prevalence of tuberculosis infection is as high as 29% among those aged 70 to 79 years, and is curable. Its spread is also preventable, the government said. … [Read more...] about Singapore widens tuberculosis checks after large cluster emerged

Share to Twitter Share to Linkedin The cofounders of Zilingo— Dhruv Kapoor and Ankiti Bose —have proposed to buyout the troubled fashion startup as the duo aims to restructure and revive the company’s operations amid prospects of liquidation. “Given the potential of the business and the value you know this company can achieve, I urge you to consider the management buyout as a preferred alternative to voluntary liquidation,” Kapoor said in the proposal sent to the Zilingo board on Sunday evening. A copy of the proposal was obtained by Forbes Asia . Bose—whom the board terminated as CEO in May following an internal accounting probe—has thrown in her support for the MBO [management buyout] proposed by Kapoor. “I endorse this proposed MBO plan with this [new] investor group and encourage all shareholders of Zilingo to see beyond the personal differences here and do what’s right,” Bose told the board by email shortly after Kapoor sent the proposal. “I … [Read more...] about Zilingo Cofounders Propose To Buyout Financially Troubled Startup

Ankiti Bose (Image: @ankitibose/Instagram) Zilingo founders Ankiti Bose and Dhruv Kapoor have joined hands to make a management buyout offer of the company as the Singapore-based business-to-business (B2B) e-commerce startup is staring at voluntary liquidation, according to sources aware of the matter. "Given the potential of the business and the value you know this company can achieve, I urge you to consider the management buyout offer as a preferred alternative to voluntary liquidation," Dhruv Kapoor, Zilingo's co-founder and chief technology officer, told the Board of Directors of Zilingo, in a mail, a copy of which was viewed by Moneycontrol. "I make this offer on the basis of firm investor commitments and having appointed legal and financial advisers in respect of the management buyout offer," Kapoor added. According to the letter, the new investor will be infusing $8 million in equity in tranches. The offer further stated that pursuant to Singapore's Insolvency, … [Read more...] about Zilingo founders join hands, make buyout offer as B2B startup teeters on edge of liquidation

The opposition will be going after the government for its botched happy plant decriminalisation and legalisation laws. Or, specifically, their lack of details and the loose ends left dangling for Thais and foreigners to navigate. Politics aside, the June 9 announcements about the C plant in Thailand were broadly misinterpreted to be a blanket legalisation of the plant and all of its derivatives. The actual details and legislation haven’t even been tabled in parliament for debate, so the opposition is now targeting the government over its botched announcements on, what some believe, is a crucial societal issue that requires a proper debate. The opposition parties, led by Pheu Thai and Move Forward, will likely focus on hot issues like underage addiction, school kids and drugs, illicit drug use in Thailand, perils of long-term use, dangers to society, among a myriad of topics. The topic also brings additional focus to the deputy PM and public health minister, Anutin … [Read more...] about Thailand News Today | Backlash over sloppy happy plant guidelines

Ankiti Bose (Image: @ankitibose/Instagram) Singapore-based business-to-business (B2B) e-commerce startup Zilingo's shareholders are in a wait-and-watch mode after the company's board meeting ended inconclusively on June 20. The embattled startup's Board of Directors, including its co-founder and chief technology officer, Dhruv Kapoor, met earlier in the day to decide on Zilingo's fate. The Board discussed various options, including liquidation as suggested by Deloitte LLP, and a last-minute management buyout offer by the two founders--Kapoor and Ankiti Bose. According to sources aware of the matter, the Board did not conduct any voting today on any of the proposals, and the directors said that the Board will meet again after considering the management buyout offer and liquidation of the company. A query sent to Deloitte and Kapoor remained unanswered, while Zilingo declined to comment. Late in the evening on June 19, Kapoor proposed a management buyout of Zilingo, just a … [Read more...] about Zilingo’s shareholders await board’s decision as meeting ends inconclusive