News & Views

The well-anticipated annual Dinner and Dance 2019 was held at the Sheraton Hotel on the 29 November 2019. Themed the Good Old Days, colleagues from Moore Stephens LLP’s Singapore, Cebu office and that of those from Complete Corporate Services donned funky costumes and outfits from the 1950’s and 1960’s era, some of which resembled styles from Ip Man, Grease and even Jimi Hendrix. Others were clad in Peranakan, Chinese, Malay, Indian outfits, just to name a few which brought traditional and fond memories of the good old days.

A VCC will not be required to disclose its register of shareholders to the public, although it may be required to disclose such information to supervisory and enforcement agencies. The financial statements also need not be made public. This will provide shareholders with enhanced privacy and anonymity.

Pursuant to the adoption of the 2030 Agenda for Sustainability Development with 17 Sustainability Development Goals by the United Nations (“UN”) in 2015, the International Maritime Organisation (“IMO”), as part of the UN, has since established several important targets related to these SDGs. These targets, amongst many others, include the 0.5% global sulphur cap coming into force from 1 January 2020 and the reduction of greenhouse gas (“GHG”) emissions by at least half before 2050 compared to 2008, reduction of average carbon emissions of 40% by 2030 and then 70% by 2050 from 2008.

Moore Maritime operating expenses tool launched

Moore has launched its Moore Maritime Index tool, enabling shipowners and advisers to analyse operating costs and revenues against a large global sample of vessels.

As regulations grow in volume and complexity, the need for expertise and professional judgement can only be expected to increase.…

The 2019 Moore Stephens-CCS Financial Reporting Seminar, led by financial reporting and taxation specialists from Moore Stephens LLP and the Singapore Management University and held at the Suntec City Convention Centre on 20 September 2019, attracted more than 200 participants including Company Directors, Chief Financial Officers, and Finance Executives.

The Singapore Shipping Forum 2019 was successfully concluded at The Westin Singapore on 11 April 2019 with an attendance of some 250 international delegates. This event, organised by Moore Stephens in conjunction with co-sponsor BNP Paribas, was conducted in conjunction with the Singapore Maritime Week 2019, an event supported by both the Singapore Shipping Association (SSA) and the Maritime and Port Authority of Singapore. 
 

‘Service companies that no longer qualify for the CM basis should prepare to revert to the NTC
basis, latest by YA 2020 (i.e. financial year ended/ending in 2019).’