CPF Enhancements in Singapore from 2023 onwards
The Central Provident Fund (CPF) plays a vital role in Singapore’s retirement and social security system, serving as a compulsory savings scheme for citizens and permanent residents. To bolster retirement savings and ensure long-term sustainability, the CPF Board has unveiled a series of enhancements to the CPF scheme starting September 2023. These changes aim to provide […]
World Congress of Dermatology 2023 in Singapore
After four years of preparation, Triumph Group International (TGI), a leading Italian event management company, is set to achieve a major milestone by organizing the 2023 World Congress of Dermatology (WCD) in Singapore. This prestigious event solidifies TGI’s position as a leader in the industry. It marks their foray into the South-East Asian market. With […]
IEG Expands Presence in Asia with New Singapore Office
Italian Exhibition Group (IEG), the organizer of Vicenzaoro and Sigep, leading events held in Italy in the jewelry and food sectors, has made a significant investment in Singapore by opening a new office with the help of Algebra’s team. As the buyer’s advisor, we supported the Italian Exhibition Group (IEG) throughout the acquisition process. Our expertise […]
Bridge 39/65: Paving the Way for Fintech Collaboration between Italy and Singapore
Following up on the signature Memorandum of Understanding (MoU) signed by AssoFintech, the Italian Fintech and Insurtech Association, and the Singapore Fintech Association, Bridge 39/65 has been launched as the pioneering fintech platform destined to serve as a bridge between Italy and Singapore. The platform’s primary objective is to provide specialized support and services tailored to fintech enterprises’ unique […]
Algebra sponsors the 2023 Italian Festival in Singapore
Algebra is a proud sponsor of the 2023 Italian Festival in Singapore, organized by the Embassy of Italy in collaboration with the Italian Trade Agency (ICE), the Italian Chamber of Commerce of Singapore, and various Italian associations and brands, aims to promote Italian excellence in multiple sectors. From May to July 2023, the festival will feature various events held in partnership with […]
Tax treatment of director’s fees and bonuses from employment in Singapore
Introduction Singapore has emerged as a global business hub, attracting numerous multinational corporations and fostering a vibrant corporate environment. As a result, the tax treatment of various components of executive compensation, such as director’s fees and bonuses, has become a significant aspect of Singapore’s taxation framework. Service or fees A company director can be paid […]
Doing business in Singapore
Introduction Singapore is a primary hub in Southeast Asia due to several key factors contributing to its success as a business destination. First, its strategic location at the southern tip of the Malay Peninsula places it at the crossroads of major international trade routes, making it a gateway to Asia and an important hub for […]
AssoFintech and Singapore Fintech Association signed a Memorandum of Understanding
AssoFintech, the Italian Fintech and Insurtech Association, in collaboration with the Singapore Fintech Association, signed today at the Italian Embassy in Singapore a Memorandum of Understanding (MoU) to support the development of Italian and Singaporean Fintech and Insurtech companies through the internationalization of their research and development activities and funding sources. “The application of digital technologies to financial […]
Algebra at Italy-Laos Expo
Algebra, together its strategic partner, GWA Asia, participated in the first Italy-Laos Expo which was held for the first time from March 16-18 at the National Convention Centre. The event was jointly organized by the ITA, the Italian Trade Agency, and Prometeo, an Italian company that organizes trade events in South-East Asia. At the event participated, 54 Italian companies and nine from Laos were present. […]
Singapore Budget 2023
On February 14, 2023, Lawrence Wong, Singapore’s Deputy Prime Minister and Finance Minister, presented the country’s second budget speech. The budget aims to address challenges faced by the future economy through three key drivers: growing the economy, strengthening the social pact, and improving resilience. Among the other measures, the budget introduces a new business innovation […]
