Upgrading And Upskilling Remain Key For Employability
Advance estimates from the Ministry of Manpower (MOM) showed that the labour market continued to expand in the last quarter of 2023. Unemployment rates remained stable, while retrenchments eased. More information will be available in the Labour Market Report Fourth Quarter 2023, due for release in mid-March 2024. Based on the preliminary data released on […]
Growing Importance Of “S” In ESG
TAKEAWAYS The permeation and importance of ESG (environmental, social, governance factors) in businesses has never been as significant as it is today. However, the “social” element is often overshadowed by the “environment” element, given global paradigms and narratives around climate change. This is about to change as, since the COVID-19 crisis, neglected social factors are […]
Technical Highlights
AUDITING AND ASSURANCE IAASB Issues International Standard On Auditing For Audits Of Financial Statements Of Less Complex Entities (ISA For LCE) Built on the foundation of the International Standards on Auditing (ISAs), the ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses. ISCA will be seeking feedback […]
5 Ways To Increase Your Market Value
TAKEAWAYS As companies grapple with talent shortage in Japan, the power dynamic has shifted from corporations to the workforce. The dominant factor for the declining working population in Japan is due to the lowest birthrate in over 100 years and an ever-aging population, leading to a war for talent. According to the Statistics Bureau of […]
Impact Of ESG Reporting On The Accountancy Profession
On January 30, ISCA, the Chongqing Institute of Certified Public Accountants (CQICPA), and the Institute of Chartered Accountants in England and Wales (ICAEW China & SEA) conducted the “Impact Of ESG Reporting On The Accountancy Profession” webinar, marking the first joint initiative following the tripartite Memorandum of Understanding signed last March. Ms Qing Dai from […]
The Green Hydrogen Revolution
TAKEAWAYS There has been a significant global push towards a net-zero future. Governments, scientists, and executives are racing to limit global warming to well below 2°C, while pursuing efforts to restrict the global temperature increase to 1.5°C to meet the targets defined in the Paris Agreement. To meet these targets, there is an urgent need […]
Philippines On Track To Do Better In 2024, After Performing Well In 2023
The Philippines will do even better this year, after performing well in a challenging economic and financial environment in 2023 that was beset by ongoing geopolitical tensions, trade restrictions, and high domestic commodity prices, says the country’s then-finance chief in January 2024. In a statement from the Presidential Communications Office, then-Finance Secretary Benjamin E. Diokno, […]
Singapore Ranked 5th Least Corrupt Country In 2023 By Transparency International
The 2023 Transparency International Corruption Perceptions Index (TI-CPI) has ranked Singapore the fifth least corrupt country in the world out of 180 countries, with a score of 83. Singapore maintained the same rank and score from the 2022 TI-CPI, and remained the only Asian country which made it into the top 10 list. The TI-CPI […]
Implementing RPA In SingHealth
TAKEAWAYS In the wake of the COVID-19 pandemic, healthcare workers continue to be challenged by heavy workloads and competing demands. Healthcare organisations are seeking innovative ways to ensure that their workforce is well prepared to cope with the ever-changing nature of the industry, and to provide quality care even in the face of manpower constraints. […]
Reinventing Yourself After A Setback
TAKEAWAYS Al Gore famously opened his speeches and the award-winning documentary film “An Inconvenient Truth” with the same quip, “I’m Al Gore. I used to be the next President of the United States.” The former Vice President, often described as one of the most powerful in American history, failed to secure the US presidency in […]