Trends, Gaps and Best Practices
The latest Singapore Governance and Transparency Index (SGTI) study, released in August 2020, showed that although Singapore-listed entities had improved overall, there are still many gaps that require urgent improvement, especially in the area of risk management disclosures.
by NG KIAN HUI The audit industry has been subjected to increased scrutiny in recent years to uphold audit quality and public interest. The 2019 Novel Coronavirus Outbreak (Covid-19) has further increased the challenges for auditors in performing their audits, not only in complying with the auditing standards but […]
Coronavirus has transformed our relationship with our food. From the panicked stockpiling and empty supermarket shelves in March to the troubling times facing our pubs, cafes and restaurants, the questions about what we eat and how we go about putting it on our plates have become difficult to ignore.
And even before the pandemic, the food industry was rising up the UK business agenda, with fears that a no-deal Brexit might inflate food prices and interrupt supply chains, or – on a worldwide scale – of global warming triggering harvest failure.
The coronavirus disease (Covid-19) has infected people in 216 countries and territories, sent stock markets crashing to new lows, caused unemployment to spike to record highs, and is likely to send many advanced economies into recession this year.
Before 2016, it was rare to hear anyone talking about ‘frictionless trade’ or ‘border checks’ over a drink. The fact that 95% of our imports and exports flow through our ports seemed of little consequence. But the EU referendum result has meant people who hitherto had little interest in trade deals, now have a view on anything from WTO rules to tariffs.
As late as 2012, before mobile payments took off in earnest, 96% of payments transacted in China were in cash. Today, China’s Alipay, the largest such system globally, has one billion users around the world. That prompted Singapore Prime Minister Lee Hsien Loong to acknowledge in his 2017 National Day Rally speech that China has been leading the way in the e-payment space, even as the Singapore government was rolling out the Smart Nation initiative.