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On 9 May 2026, all ACRA registered entities’ Singapore Standard Industrial Classification (“SSIC Code”) have been updated from SSIC 2020 to SSIC 2025 (the “Revision”). ACRA has notified the relevant entities impacted by this revision. What This Means for Your Business Entities incorporated before 9 May 2026 You may wish to review whether your entity’s SSIC Code(s) continue to accurately reflect your current business activities under SSIC 2025. If not, updates to your entity’s SSIC code(s) can...

The July 1st Shift: Navigating the New Wage Roadmap for Singapore’s F&B Leaders If you have been keeping an eye on the news, you probably saw the recent announcement from the Ministry of Manpower. The government has officially accepted a new three-year schedule of wage increases for the food services sector [1]. Starting on 1st July 2026, over 53,000 workers; from drink stall assistants to waiters and cooks will see their first in a series of annual pay raises [3]. For an entry-level worker,...

The landscape of corporate governance is undergoing a material and accelerating shift. Change is the new normal for boards of directors, driven by rapid technology shifts, especially Artificial Intelligence, geopolitical volatility, evolving regulatory enforcement, and steadily rising stakeholder expectations. Today, board members are not just passive advisors who gather a few times a year to review historical financial statements. They are highly active and strategic partners. They must...