News

The rule for computing the 30/70 fund-raising efficiency ratio, commonly known as the ''30/70 rule'', for charities and institutions of a public character (IPCs) will be revised. The revised rule will apply to fund-raising events for charities and IPCs whose financial year ends after 31 March 2008. These changes to the 30/70 rule will facilitate fund-raising efforts of charities and IPCs without compromising the principle that the costs of fund-raising should not exceed 30% of the total funds raised.

The United States, Abu Dhabi and Singapore have jointly released a set of Policy Principles for Sovereign Wealth Funds (SWFs) and countries receiving SWF investment. The Policy Principles are aimed at contributing to the work of the International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD) in developing voluntary best practices for SWFs and inward investment regimes in countries receiving investments, respectively.

Deputy Prime Minister and Minister for Law Professor S Jayakumar and the Minister of Justice of the Socialist Republic of Vietnam Mr Ha Hung Cuong signed a Memorandum of Understanding today on legal and judicial cooperation.

Speech by Mr Gan Kim Yong, Minister of State (Education and Manpower) for the 2nd Reading of The Workplace Safety and Health (Amendment) Bill 2008, 6 March 2008.

The Media Development Authority of Singapore (MDA) has issued the first Niche Subscription TV Licence to VeeV Interactive Pte Ltd (VeeV), a wholly-owned subsidiary of Sky Media Pte Ltd.

Singapore plans to accede to the Hague Convention on Civil Aspects of International Child Abduction. Acceding to the Convention underscores Singapore’s commitment to managing such situations in the best interests of children. Accession to the Convention is aligned with our obligations under the United Nations Convention on the Rights of the Child, which Singapore became a party to in 1995.

Text of Statement By The Senior Minister Of State For Information, Communications And The Arts, Dr Balaji Sadasivan, In Parliament During Committee Of Supplies Debate (MICA), On 29 February 2008.

The Ministry of the Environment and Water Resources (MEWR) has officially released Singapore’s national strategy for addressing climate change.

Singapore's agreement with Malta for the avoidance of double taxation comes into effect on 29 February 2008. The agreement will specify clearly the taxing rights of each country on all types of income earned from 1 January 2009.

By 2010, public officers will enjoy an agile infocomm environment that promotes innovation and enhances productivity at work, with the establishment of a Standard ICT Operating Environment (SOEasy) for the public sector. The S$1.3 billion SOEasy (Public Sector) tender was awarded to oneMeridian, the consortium led by EDS International. The other key members in the consortium include Alcatel-Lucent, Avanade, Cisco Systems, Frontline, Microsoft, Singapore Computer Systems and SingTel.

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