Australia and Singapore in talks About travel bubble

Australia and Singapore in talks About travel bubble

Australia and Singapore are in talks on a possible travel bubble that will allow residents to travel between both countries without having to quarantine, Singapore confirmed on Sunday (Mar 14).

The two countries are also in discussions on the mutual recognition of vaccination certificates and resuming travel with priority for students and business travelers, Singapore’s Ministry of Foreign Affairs (MFA) said in response to media queries.

“Australia is a key partner of Singapore in the region. We are in discussions on how to cooperate in opening our economies safely, taking into consideration the COVID-19 situation in both countries,” it said. 

Both countries have been able to keep the COVID-19 pandemic under control, MFA added.

Discussions on a possible Australia – Singapore travel bubble were reported by the Sydney Morning Herald earlier on Sunday.

The report said it could be possible for people from other countries to enter Australia via Singapore after completing two weeks’ quarantine in Singapore.

MFA said the two countries are not in talks on a quarantine center or vaccination hub.

“Australian nationals can transit via Singapore without quarantining to return home if they travel on approved transit routes and if they comply with our public health protocols while in transit,” it said.

What does the Trade Minister of Australia say?

Sydney Morning Herald also cited Australian Trade Minister Dan Tehan as saying he had held discussions with his Singapore counterpart Chan Chun Sing about a travel bubble.

It quoted Mr. Tehan as saying that Singapore is keen to work with Australia on a vaccination certificate and that both ministers agreed to work together on this.

Deputy Prime Minister Michael McCormack said Australia was “working with Singapore at the moment potentially for a bubble (beginning) in July”.

“As the vaccine rolls out, not only in Australia but in other countries, we will reopen more bubbles,” he told public broadcaster ABC.

The Australian Chamber of Commerce in Singapore welcomed the talks on a possible travel corridor.

“This is great news for business and for Singaporeans and Australians alike,” the chamber’s president Chris Coburn told CNA.

Source: Channel News Asia

Segregated travel lane to be launch in Singapore

Segregated travel lane to be launch in Singapore

Singapore will launch a new segregated travel lane aimed at business travelers on short-term stays, Minister for Trade and Industry Chan Chun Sing announced on Tuesday (Dec 15).  

The travel lane, or the Connect@Singapore initiative, will be open to a “limited number” of business, official, and high economic value travelers from all countries who are staying in Singapore for up to 14 days, said the Ministry of Trade and Industry (MTI) in a separate press release. 

Applications for the segregated travel lane will open in the middle of January 2021, and Singapore can expect the first travelers to arrive from the second half of January, it added.

“Global travel, especially global business travel has been severely impacted by the need for quarantine measures, and many people in different countries cannot meet each other for business activities, said Mr. Chan in an online media conference.

“The idea is for business people to come into Singapore for up to a period of 14 days. During these 14 days, they will undergo the necessary routine medical checks to provide themselves the assurance that they are safe and also to provide the assurance to their meeting partners that they are safe.”

How will the segregated travel lane be?

For their whole stay, travelers under the segregated travel lane will be housed within dedicated facilities, undergo regular testing, and observe all prevailing safe management measures, said MTI.

The travelers will have to stay within their pre-declared travel group of up to five travelers within the segregated facility and are not allowed to mingle with other travelers. They will also have to abide by all prevailing national safe management measures, and use Trace Together and Safe Entry. 

At the segregated facilities, the travelers will be able to conduct meetings with local visitors and with other traveler groups with safe management measures in place to separate segregated travel lane travelers from other individuals, said MTI.

“For example, while travelers will be allowed to meet with local visitors, there will be floor-to-ceiling dividers separating travelers from local visitors,” the ministry added. 

Travelers will also have to present a valid negative COVID-19 polymerase chain reaction (PCR) test before leaving their home country and take another PCR test after arriving in Singapore. 

While in Singapore, they will take antigen rapid tests on days 3, 5, 7, and 11 after their arrival while they stay in Singapore. 

Source: Channel News Asia

Asian office workers wearing face masks working in the new normal office and doing social distancing during coronavirus covid-19 pandemic

A new center is launched to help ASEAN countries

A new center that aims to boost regional collaboration to prepare Asean for the changing nature of work was launched on Tuesday.

The Regional Centre for the Future of Work will institutionalize the collective effort to take advantage of emerging opportunities and tackle challenges, especially during the Covid-19 pandemic, said Singapore Manpower Minister Josephine Teo in announcing the launch of this new center at a conference.

She added that the new center will bring together international experts and regional tripartite stakeholders to foster social dialogue, share knowledge, and build capabilities.

This comes as Covid-19 causes upheaval in labor markets worldwide.

Minister Teo highlighted how as many as 93 percent of the world’s workers experienced full or partial workplace closures in the first half of the year, and businesses were forced to adapt and shift to remote working arrangements.

“In the Asia-Pacific region, the number of working hours lost in the second quarter of the year was equivalent to 235 million full-time jobs”, she said. Vulnerable workers in informal and low-wage work were the hardest hit.

“We, the ASEAN countries, face common challenges related to the digital transformation of industries, implementing safe workplace measures and adapting HR (human resources) strategies to enable workers to fulfill their potential,” said the minister in her keynote address at the start of the three-day HR Tech Festival Asia conference.

How will this new center help?

The new center will support Asean in putting the statement into action by focusing on three areas that have become even more relevant during the pandemic, said Teo.

“Whether it is creating new jobs and training opportunities, implementing cost-cutting measures, or managing excess manpower, Governments, employers’ and workers’ organizations must work together to ensure that business and workers can continue to thrive during this pandemic and beyond, especially those in lower-end and more precarious jobs,” said Teo.

She said the center’s first initiative is the ASEAN future of work track as part of the HR Tech Festival Asia event.

People traveling by plane during COVID 19, wearing N95 face masks, carrying luggage in airport terminal.

Residence track for travels between Singapore and Japan

Singapore and Japan have launched a residence track for essential travel between the two countries by businesspeople who are work-pass holders, the Singaporean Ministry of Foreign Affairs (MFA) said in a press statement last Friday.

The residence track will enable the movement of “business executives and business professionals who are work-pass holders”, with the necessary public health safeguards in place, MFA said.

Those interested in the scheme may file their applications from next Wednesday (Sept 30).

Singapore and Japan have been in talks on the residence track since July.

This residence track comes on top of an existing business track, or reciprocal green (or fast) lane, between the two countries that started on Sept 18, paving the way for short-term essential business and official travel between Singapore and Japan.

Other residence track or fast lane

Since September 1, Singapore relaxed its measures and has allowed general travel to Brunei and New Zealand, including students studying abroad.

In addition to this, Since September 4, a fast-lane started between Singapore and South Korea. This has allowed essential business and official travel between the two countries.

It also has helped restore connectivity and support economic recovery. All the necessary public health safeguards have been taken.

Besides this, Singapore is in negotiations of a possible air traffic bubble with Malaysia.

Malaysian Transport Minister said that the closely-linked business communities in both Singapore and Malaysia urgently need to be able to commute back and forth soon, with stringent standard operating procedures (SOPs) in place.

Singapore and Malaysia’s health authorities “will be speaking soon to iron out the agreements on the SOPs and move forward”, he added in a Facebook post on Tuesday night.

All these special arrangements have been done in order of economic recovery of the country, due to the crisis it faces because of the COVID-19 pandemic.

CEOs, Singapore, supply chain

CEOs of Singapore worry about supply chain

Almost 72% of Singaporeans CEOs have re-evaluated their firms’ purpose to address stakeholders’ needs.

The CEOs of Singaporean companies are most concerned about supply chain risk and a return to territorialism as the top threats to their organizations’ growth over the next three years, according to a KPMG report.

Given the country’s open economy, supply chain risk, and territorialism rank as the two top threats to businesses whereas in the global environment, talent risk took first place.

Almost three-fourths (72%) of CEOs in the State-City say that they re-evaluated their company’s purpose in order to better address the evolving needs of their stakeholders whilst 80% want to lock in the climate change gains they have made during this period.

They have also become more conservative than CEOs globally, with less than a quarter (24%) expecting to see their company’s earnings grow at more than 2.5% yearly over the next three years.

On the other hand, they have also heavily invested in technology during the lockdown period, with seven in 10 (72%) seeing their new digital business models accelerate during the pandemic. The biggest advancements have been in the digitization of operations and the creation of a next-generation operating model, where 56% say that progress has put them years ahead of where they would have expected to be right now.

Almost two-thirds (64%) are likely to put more capital investment into technology than people.

CEOs plan to improve ESG

In addition, 72% stated that they have had to re-evaluate their organizations’ purpose as a result of the pandemic, and 80% saying they feel a stronger emotional connection to their organizations’ purpose since the crisis began.

Mitigating climate risks have also evolved into a personal responsibility as 60% feel that their ability to manage climate-related risks will impact their role in the organization, ultimately determining whether they keep their jobs over the next five years.

This development has put ESG near the top of the agenda for CEOs in Singapore and 72% of them have shifted their focus towards the social component of ESG.

Singapore, mlaysia, air traffic bubble

An air traffic bubble to be established between Singapore and Malaysia

An air traffic bubble could be established between Singapore and Malaysia in the next months.

Malaysian Transport Minister Wee Ka Siong hopes Malaysia can establish an air traffic bubble with Singapore and other bilateral partners soon.

Minister Wee met with Singapore’s High Commissioner to Malaysia Vanu Gopala Menon on Tuesday and discussed an air traffic bubble, among other issues.

Minister Wee said that the closely-linked business communities in both Singapore and Malaysia urgently need to be able to commute back and forth soon, with stringent standard operating procedures (SOPs) in place.

Singapore and Malaysia’s health authorities “will be speaking soon to iron out the agreements on the SOPs and move forward”, he added in a Facebook post on Tuesday night.

These issues need to be addressed in order for Singapore and Malaysia to “continue its people-to-people exchanges as soon as possible” despite the ongoing pandemic, said Minister Wee. “We hope to announce an air traffic bubble soon with Singapore and other bilateral partners.”

During the courtesy call by Minister Menon, both sides also updated each other on the ongoing discussions for the Malaysia-Singapore High-Speed Rail project, which has a deadline of Dec 31 to sign the bilateral agreement.

 “The successful signing of the Johor Bahru-Woodlands RTS Link agreement on July 30 reflects a mutual commitment,” Minister Wee added. 

Singapore’s air traffic bubble with other countries

Since September 1, Singapore relaxed its measures and has allowed general travel to Brunei and New Zealand, including students studying abroad.

In addition to this, Since September 4, a fast-lane started between Singapore and South Korea. This has allowed essential business and official travel between the two countries.

It also has helped restore connectivity and support economic recovery. All the necessary public health safeguards have been taken.

Eligible travelers will have to abide by the mutually agreed terms and prevailing public health measures in both countries.

Saudi arabia, Flight restrictions

Saudi Arabia will partially lift some flight restrictions

Saudi Arabia will partially lift its suspension of international flights as of Sep 15 to allow “exceptional categories” of citizens and residents to travel, the state news agency SPA stated on Sunday.

Saudi Arabia will scrap all travel restrictions on air, land and sea transport for citizens on Jan 1, 2021, it said.

In March, the kingdom suspended international flights to prevent the spread of the novel coronavirus.

Exceptional categories include public and military sector employees, diplomats and their families, those working for public or non-profit private sector jobs abroad, businessmen, patients who need treatment abroad, those studying abroad as well as people with humanitarian cases, and sports teams.

GCC citizens and non-Saudi residents with valid residency, or visitors’ visas will be allowed to enter the kingdom as of Sep 15 conditional on proving they are COVID-19 negative.

Saudi Arabia introduced stringent measures to curb the spread of the coronavirus in March, including 24-hour curfews on most towns and cities.

Other countries, besides Saudi Arabia, planning to lift flight suspension

On Friday, a Malaysian newspaper reported that the country is looking at the possibility of fully reopening its international borders with Singapore in January next year.

The daily quoted the Malaysia’s health minister Adham Baba as saying that the recovery movement control order (MCO) in place over the next four months “would be an important time for the country as it would determine if it was possible to reopen the border with Singapore fully”.

The Star’s report quoted Dr Adham as saying that during the Malaysia’s MCO period, a more systematic approach would be taken in areas such as border control, physical distancing and the use of personal protective equipment.

“We cannot use a trial-and-error approach,” Dr Adham said, adding that it was important to consider the livelihoods of the people who had been affected by Covid-19.

As Saudi Arabia and Malaysia, much are the countries thinking in reopening borders and lift flight suspensions, looking for the recovery of their economy after the crisis by Covid-19.

Export import, singapore, global trade

Export Import: how to set up a Company in Singapore

If you plan to conduct an export import business activity, Singapore will be a perfect jurisdiction for incorporating such a venture. This city-state is a world-class player in global commerce.

Its strategic location in the center of Southeast Asia, its air and sea links to facilitate inter-regional and global trade have led to its emergence as a major trade hub in the global supply chain. It now ranks as the 14th largest exporter and the 15th largest importer in the world.

Today, we will talk about the procedure to set up a trading company, the necessary permit requirements, and the long-term compliance obligations that you should consider if you plan to conduct import, export, or transit activities in Singapore.

Why is Singapore an export import hub?

There are several reasons for Singapore’s emergence as an export import center. These are:

  • Favorable geographical location.
  • Reliable infrastructure.
  • Business-friendly regulations.
  • Attractive tax regime.
  • Stable financial system.
  • Low corruption.
  • Skilled manpower.

These factors have attracted nearly 70% of the world’s largest commodity trading companies, that generate more than US$1 trillion in annual turnover from their Singapore operations.

Steps to set up your export import company in Singapore

In order to start a trading business, you need to register your Singapore company first. The agency in charge of this is called Accounting and Corporate Regulatory Authority (ACRA) which is the national regulator of business entities in Singapore.

The procedure is similar to incorporating any other enterprise. The most suitable form for a trading enterprise is a private limited company. Foreigners are required to work with a Singapore-based corporate services provider to incorporate their company.

After the incorporation process, the company will receive a Unique Entity Number (UEN), which is a standard and unique identification number for each Singapore entity. Al government agencies use the UEN to identify the company in a simple way.

Regulations to have in consideration

Once your company is registered, and has obtained a UEN, you may begin your trading activities. Note that your company must follow the relevant import or export regulations to be in compliance with the laws.

Importing goods into Singapore

To carry out the import activities you must obtain the necessary permits by following a series of steps we briefly mention below.

  • Activate Customs Account: First you should activate the company’s Customs Account at the Singapore Customs website, after which you will receive a Customs approval letter.
  • Apply for Inter-Bank GIRO Account: To pay duties, taxes, fees, and other charges on the services provided by Singapore Customs, you need to register and maintain an Inter-Bank GIRO (IBG) account.
  • Furnish security: After obtaining the IBG, in certain cases the government requires you as an importer or your declaring agent to provide financial security.
  • Apply for permits and licenses: You will need a customs permit to import the goods. As an importer, you may register yourself as a declaring agent or appoint a declaring agent to act on your behalf.  However, Singapore legislation defines certain goods as controlled goods. These require an additional permit from Competent Authorities (CA) before they may be imported into Singapore.
  • Prepare documents for customs clearance: After you’ve obtained the necessary permits, the last step is cargo clearance. The appropriate documents must be submitted at an entry point. These documents must be preserved for five years from the date of customs permit approval, in either physical or digital form.

Exporting goods

The procedure for fulfilling export requirements is similar to that for importing goods. With only a few differences, we mention below.

  • Apply for permits and licenses: As in the case for importing, additional permits or licenses from the respective Competent Authorities (CA) are required to export controlled or strategic goods.
    • Controlled Goods: It is important to check if your goods have restrictions imposed upon them by Singapore’s Competent Authorities. You will have to look-up if your products are subject to a restriction with the appropriate Competent Authorities on how to obtain the relevant permit.
    • Strategic Goods: This category includes goods and technology that are intended or likely to be used as weapons of mass destruction. If you plan to export Strategic Goods, you will have to apply for a Strategic Goods Control Permit through the TradeNet system.

At Shoshan Trading we join the LinkedIn community

We expand our digital ecosystem by joining the LinkedIn social network with the aim of expanding our business and commercial relationships in a direct and reliable way.

At Shoshan Trading we continue to expand our digital ecosystem with our presence on LinkedIn.

Since last week we opened this new communication window on LinkedIn with the goal of boosting our commercial relations and our business.

So, if you want to know more about our services, job offers or make suggestions to our team, this is the perfect way for you to contact us.

The reasons?

Recently, social networks have grown too much, as LinkedIn is a platform where all conversations are related to the world of business, news and financial news, we consider it as a great alternative.

After carrying out several studies that demonstrate its reach and the proximity that it will provide us with our clients and future partners, we decided to take the step and expand our presence in the digital ecosystem.

We also believe that LinkedIn is an ideal platform to enhance our brand and thus continue to consolidate ourselves over time as a reliable business.

It is a network where we can show ourselves as we are, that will help us find good partners that will result in the expansion of our offer of products and services.

Where else are we present?

Besides LinkedIn, we are also on Twitter, Facebook and Instagram, like @shoshantrading, we adapt our profile on each of these platforms to reach a wider audience in a segmented way.

What is Shoshan Trading?

We are a team with more than 20 years of international experience in the export and import of food products and we also have supported the development of producers and distributors.

Thanks to our knowledge, we have built alliances with different retailers and even support their development with different financial products that your company can also count on.

Singapore companies benefit from the Employment Support Plan

Support Plan for employment benefits more than 140 thousand companies in Singapore, according to Deputy Prime Minister Heng Swee Keat, about 4 billion dollars were allocated in payments.

In his most recent statement, the government spokesman assured that this is part of the more than 20 million dollars that are destined in the budget to serve the population and companies that have been affected at the labor level as a result of the spread of Covid. -19.

According to this month, the government will pay 75 percent of the first $ 4,600 of gross monthly wages per local worker to help businesses during the coronavirus pandemic.

The government has said that this wage support for Singapore companies is quite significant and urged them to use strategies that allow them to retain their workers.

In a statement from the Singapore Finance Ministry that companies do not need to apply for the scheme as the money will be calculated automatically using data from the February Central Provident Fund.

Companies that register with PayNow Corporate before next Friday, May 22 will be able to receive payment by the 28th of the same month, while those that exceed these periods will receive their checks between June 3 and 5.

Companies in the food service industry will receive 50 percent of wages during those seven months, while companies in the aviation and tourism sector will get 75 percent of wages during the full nine months.

This measure has been applied by the Singapore government since last April in different phases and was extended until this May, to provide greater support to the country’s business sector.