Mighty Glory Corporate Solutions

29/10/2026

Retirement does not have to mean leaving the workforce entirely.

👴🏻 Many older workers still have valuable experience, skills and the desire to contribute, but may prefer shorter hours or more flexible arrangements as their priorities change.

𝗙𝗼𝗿 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗿𝘀, 𝗿𝗲𝘁𝗮𝗶𝗻𝗶𝗻𝗴 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝘄𝗼𝗿𝗸𝗲𝗿𝘀 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 𝗮𝗹𝘄𝗮𝘆𝘀 𝗺𝗲𝗮𝗻 𝗿𝗲𝘁𝗮𝗶𝗻𝗶𝗻𝗴 𝘁𝗵𝗲𝗺 𝗶𝗻 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝗳𝘂𝗹𝗹-𝘁𝗶𝗺𝗲 𝗿𝗼𝗹𝗲𝘀.

🕜 Part-time work, adjusted schedules or redesigned responsibilities can help businesses retain institutional knowledge while giving older employees more flexibility.

This can be particularly valuable for SMEs facing manpower constraints. Rather than losing years of experience when an employee reaches retirement age, businesses can explore arrangements that suit both operational needs and the employee's circumstances.

💡 𝗖𝗼𝘂𝗹𝗱 𝗮 𝗺𝗼𝗿𝗲 𝗳𝗹𝗲𝘅𝗶𝗯𝗹𝗲 𝗿𝗼𝗹𝗲 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗿𝗲𝘁𝗮𝗶𝗻 𝗮𝗻 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝘄𝗵𝗼 𝗺𝗶𝗴𝗵𝘁 𝗼𝘁𝗵𝗲𝗿𝘄𝗶𝘀𝗲 𝗿𝗲𝘁𝗶𝗿𝗲?

Reference:

Channel NewsAsia
https://www.channelnewsasia.com/singapore/older-workers-senior-flexible-jobs-retirement-age-6485981

The retirement and re-employment ages will be raised to 65 and 70 from 2029 as assurance that seniors can keep working if they wish to, said tripartite partners.

28/10/2026

𝗛𝗶𝗿𝗶𝗻𝗴 𝗪𝗼𝗿𝗸 𝗣𝗲𝗿𝗺𝗶𝘁 𝗵𝗼𝗹𝗱𝗲𝗿𝘀? 𝗔 𝗸𝗲𝘆 𝗰𝗵𝗮𝗻𝗴𝗲 𝘁𝗮𝗸𝗲𝘀 𝗲𝗳𝗳𝗲𝗰𝘁 𝗼𝗻 𝟮𝟵 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟲.

👷🏻‍♂️ Under MOM's new requirements, non-Malaysian workers covered by Work Permit applications or appeals submitted from 29 November can no longer start work based solely on their in-principle approval (IPA) letter.

They must first have an issued Work Permit or a Temporary Permit (TP).

🛬 This matters when employers arrange workers' arrival dates, medical examinations and work schedules. 𝗔𝗻 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗰𝗮𝗹𝗹𝘆 𝗺𝗲𝗮𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸𝗲𝗿 𝗰𝗮𝗻 𝗯𝗲𝗴𝗶𝗻 𝘄𝗼𝗿𝗸.

Employers who need an eligible worker to start before the Work Permit is issued can apply for a TP through myMOM Portal. The foreign worker levy starts from the day the TP is granted.

📢 Other changes from 29 November include moving IPA extension requests and employment-detail updates, such as salary changes, to myMOM Portal. Updates to personal particulars and occupation will remain on WP Online for now.

𝗖𝗵𝗲𝗰𝗸 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸𝗲𝗿'𝘀 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗱𝗮𝘁𝗲 𝗮𝗻𝗱 𝗽𝗲𝗿𝗺𝗶𝘁 𝘀𝘁𝗮𝘁𝘂𝘀 𝗯𝗲𝗳𝗼𝗿𝗲 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗶𝗻𝗴 𝘁𝗵𝗲𝗶𝗿 𝗳𝗶𝗿𝘀𝘁 𝗱𝗮𝘆 𝗼𝗳 𝘄𝗼𝗿𝗸.

Reference:

Ministry of Manpower
https://www.mom.gov.sg/passes-and-permits/work-permit-for-foreign-worker/enhancements-to-work-permit-eservice-on-mymom-portal/from-november-2026-apply-for-a-tp-view-and-update-wp-holders-particulars-and-extend-ipa

Allows you to apply for a Temporary Permit (TP) if you need your worker to start work before their Work Permit is issued. You can also easily manage Work Permit holders' particulars and employment details, and extend the validity of in-principle...

27/10/2026

𝗡𝗼𝘁 𝗲𝘃𝗲𝗿𝘆 𝗱𝗶𝘀𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝗱 𝗶𝗱𝗲𝗮 𝘄𝗮𝘀 𝗮 𝗯𝗮𝗱 𝗶𝗱𝗲𝗮.

💡 Sometimes the product was dropped because the timing, cost structure or operating model did not work then.
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Before creating something entirely new, it can be worth revisiting what the business already learned from past sales, margins, supplier terms and customer response.

🔑 The key is not to bring the old model back unchanged.
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𝗔 𝗰𝗼𝗺𝗲𝗯𝗮𝗰𝗸 𝗶𝘀 𝗼𝗻𝗹𝘆 𝘄𝗼𝗿𝘁𝗵 𝗽𝘂𝗿𝘀𝘂𝗶𝗻𝗴 𝘄𝗵𝗲𝗻 𝘁𝗵𝗲 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀 𝗵𝗮𝘃𝗲 𝗰𝗵𝗮𝗻𝗴𝗲𝗱, 𝗻𝗼𝘁 𝗷𝘂𝘀𝘁 𝘁𝗵𝗲 𝗺𝗲𝗺𝗼𝗿𝘆.

26/10/2026

⚡ A disruption to Singapore's gas supply does not necessarily mean higher electricity prices.

Indonesia's temporary reduction in gas supply accounts for less than 2% of Singapore's daily gas demand. Minister-in-charge of Energy and Science & Technology Tan See Leng has indicated that the disruption is unlikely to significantly affect electricity prices in the short term.

🌐 However, global gas prices remain an important factor influencing Singapore's electricity costs.

𝗙𝗼𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀, 𝘀𝘁𝗮𝗯𝗹𝗲 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝘀𝘂𝗽𝗽𝗹𝘆 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝗶𝗹𝘆 𝗺𝗲𝗮𝗻 𝘀𝘁𝗮𝗯𝗹𝗲 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀.

SMEs with substantial electricity consumption, such as food establishments, manufacturers and businesses operating refrigeration equipment, should understand how their electricity contracts affect their costs.

📍 A fixed-price electricity plan may provide greater cost certainty during the contract period, while a plan linked to prevailing tariffs or wholesale prices may expose businesses to price fluctuations.

The choice also depends on consumption patterns, contract duration and renewal terms.

𝗞𝗻𝗼𝘄𝗶𝗻𝗴 𝗵𝗼𝘄 𝘆𝗼𝘂𝗿 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗶𝘀 𝗽𝗿𝗶𝗰𝗲𝗱 𝗶𝘀 𝗷𝘂𝘀𝘁 𝗮𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗮𝘀 𝗸𝗻𝗼𝘄𝗶𝗻𝗴 𝗵𝗼𝘄 𝗺𝘂𝗰𝗵 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘂𝘀𝗲𝘀.

✒️ When did you last review your business's electricity contract and its impact on operating costs?

Reference:

Channel NewsAsia
https://www.channelnewsasia.com/singapore/electricity-prices-indonesia-gas-supply-cut-tan-see-leng-6490121

Global gas prices are a bigger factor in costs, says Minister for Energy, Trade and Industry (Energy and Industry) Tan See Leng.

23/10/2026

💻 Not sure whether your company needs to file a corporate income tax return?

IRAS has introduced new digital tools to make corporate income tax filing easier for more than 323,000 companies, including over 37,000 newly incorporated businesses, for Year of Assessment 2026.

🔎 The tools include a filing-obligation checker for newly incorporated companies, a business expense deductibility checker and a record-keeping assistant. Businesses can also check payment and objection statuses more easily.

These tools are useful beyond the actual filing process. For example, the expense checker can help business owners understand why certain expenses recorded in their accounts may not qualify for tax deductions.

🧮 There is also an important distinction between simplified filing and simplified accounting. Around 80% of eligible companies used simplified tax returns in YA2025, but fewer fields to complete do not mean businesses can maintain fewer supporting records.

A simpler tax return still needs to be supported by accurate accounting records and proper documentation.

Business owners can explore the new tools through IRAS's digital services, particularly when preparing their records or checking their filing obligations.

Reference:
The Business Times
https://www.businesstimes.com.sg/singapore/iras-unveils-new-digital-tools-easier-corporate-income-tax-filing

More than 323,000 companies, including over 37,000 newly incorporated companies, will benefit Read more at The Business Times.

22/10/2026

🌫️ Haze is raising another workplace question: what happens when children need to learn from home?

Home-based learning (HBL) keeps lessons going, but parents may still need to supervise their children while managing their own work responsibilities.

💬 An article discusses why workplace flexibility matters when schools and families face such disruptions.

For employers, there are already childcare leave arrangements worth understanding:

• Eligible parents of Singapore citizen children below 7 receive 𝘂𝗽 𝘁𝗼 𝟲 𝗱𝗮𝘆𝘀 𝗼𝗳 𝗽𝗮𝗶𝗱 𝗰𝗵𝗶𝗹𝗱𝗰𝗮𝗿𝗲 𝗹𝗲𝗮𝘃𝗲 𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆. The employer pays the first 3 days, while the Government reimburses the remaining 3, subject to a cap.

• Eligible parents whose youngest Singapore citizen child is aged 7 to 12 receive 𝟮 𝗱𝗮𝘆𝘀 𝗼𝗳 𝗲𝘅𝘁𝗲𝗻𝗱𝗲𝗱 𝗰𝗵𝗶𝗹𝗱𝗰𝗮𝗿𝗲 𝗹𝗲𝗮𝘃𝗲, reimbursed by the Government, subject to a cap.

✅ These entitlements are separate from annual leave, although eligibility conditions apply.

𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗿𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗰𝗵𝗶𝗹𝗱𝗰𝗮𝗿𝗲 𝗹𝗲𝗮𝘃𝗲 𝗲𝗻𝘁𝗶𝘁𝗹𝗲𝗺𝗲𝗻𝘁𝘀 𝘄𝗵𝗶𝗹𝗲 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗶𝗻𝗴 𝘁𝗲𝗺𝗽𝗼𝗿𝗮𝗿𝘆 𝘄𝗼𝗿𝗸 𝗮𝗿𝗿𝗮𝗻𝗴𝗲𝗺𝗲𝗻𝘁𝘀 𝘁𝗵𝗮𝘁 𝗮𝗹𝗹𝗼𝘄 𝗽𝗮𝗿𝗲𝗻𝘁𝘀 𝘁𝗼 𝗺𝗮𝗻𝗮𝗴𝗲 𝘁𝗵𝗲𝗶𝗿 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀.

Singapore's Tripartite Guidelines on Flexible Work Arrangement Requests also provide a framework for handling formal requests, although sudden, short-term arrangements are handled separately.

💼 For SMEs with lean teams, preparing in advance could mean identifying who can cover essential duties, which tasks can be done remotely and when employees may need time off.

If haze disrupts schooling, does your business know how to support working parents without leaving operations short-handed?

Reference:

The Straits Times
https://www.straitstimes.com/opinion/hbl-during-haze-only-works-when-there-is-workplace-flexibility

Ministry of Manpower
https://www.mom.gov.sg/employment-practices/leave/childcare-leave/eligibility-and-entitlement

Eligible working parents of Singapore citizen childrenare entitled to 6 days of paidchildcare leave per year. Parents of non-citizenscan get 2 days of childcare leave a year in accordance with the Employment Act.

21/10/2026

💼 Could businesses be limiting their own hiring options without realising it?

As Singapore employers face manpower challenges, people with disabilities remain an underutilised source of talent.

A Straits Times report highlights that hiring is only the first step. Employees with disabilities also need understanding, appropriate support and fair opportunities to build lasting careers.

🧐 When employers judge candidates mainly by their disabilities rather than their abilities, they may overlook people who can contribute meaningfully to the business.

Acceptance does not mean removing job requirements. It means being open to different ways of working, providing clear instructions where needed and assessing employees fairly based on their ability to perform the role.

For SMEs, this can widen the pool of potential employees while helping capable workers stay and develop their skills.

🤝 A fair and inclusive workplace benefits employees, but it can also help businesses overcome self-imposed limitations in recruitment.

Reference:

The Straits Times
https://www.straitstimes.com/singapore/community/hiring-is-just-the-first-step-can-singapore-keep-workers-with-disabilities-in-their-jobs

Workplace dynamics and the lack of accommodations are among the hurdles to overcome. Read more at straitstimes.com.

20/10/2026

𝗜𝗻𝘃𝗼𝗶𝗰𝗲𝗡𝗼𝘄 𝗶𝘀 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝗷𝘂𝘀𝘁 𝗮𝗻 𝗶𝗻𝘃𝗼𝗶𝗰𝗶𝗻𝗴 𝘄𝗼𝗿𝗸𝗳𝗹𝗼𝘄.⁠
𝗜𝘁 𝗶𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗽𝗮𝗿𝘁 𝗼𝗳 𝗵𝗼𝘄 𝗚𝗦𝗧 𝗱𝗮𝘁𝗮 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝗜𝗥𝗔𝗦.⁠
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For businesses, the real preparation is not just whether the software is InvoiceNow-ready.

The accounting process behind it has to be ready too.

That means making sure sales and purchases are recorded correctly, non-InvoiceNow transactions are captured properly, and corrections or credit notes flow through as intended.

Timing also matters. Invoice data must reach IRAS by the earlier of the GST return filing date or the statutory filing due date. Businesses that file early therefore bring that submission point forward.
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𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝘁𝗿𝗮𝗻𝘀𝗺𝗶𝘁𝘀 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮.⁠
𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗵𝗮𝘀 𝘁𝗼 𝗺𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮 𝗶𝘀 𝗿𝗶𝗴𝗵𝘁.⁠
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Before your implementation date, check the process — not just the system.

𝗣.𝗦. “Your deadline” in the last slide means the InvoiceNow implementation date stated in IRAS’ letter to your business.

19/10/2026

💼 Planning wage increases for 2027? Check the available support before calculating the full cost.

Singapore's National Wages Council recommends wage increases of 6% to 8% for lower-wage workers earning up to S$2,800 monthly, with the actual recommendation depending on business performance and prospects.

📑 The guidelines are advisory, but mandatory Progressive Wage Model and Local Qualifying Salary requirements still apply where relevant.

𝗙𝗼𝗿 𝗲𝗹𝗶𝗴𝗶𝗯𝗹𝗲 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗿𝘀, 𝘁𝗵𝗲 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝗪𝗮𝗴𝗲 𝗖𝗿𝗲𝗱𝗶𝘁 𝗦𝗰𝗵𝗲𝗺𝗲 (𝗣𝗪𝗖𝗦) 𝘄𝗶𝗹𝗹 𝗰𝗼-𝗳𝘂𝗻𝗱 𝟯𝟬% 𝗼𝗳 𝗾𝘂𝗮𝗹𝗶𝗳𝘆𝗶𝗻𝗴 𝘄𝗮𝗴𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝘀 𝗶𝗻 𝟮𝟬𝟮𝟳. However, new wage increases must generally meet a S$200 minimum to qualify, and payouts are made the following year.

🧮 Wage planning also needs to consider productivity. With structured employee training participation falling from 52.6% in 2024 to 48.1% in 2025, businesses should examine what prevents staff from attending training.

For eligible courses and employees, Absentee Payroll funding can help offset wage costs during training.

𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗰𝗮𝗻 𝗲𝗮𝘀𝗲 𝘁𝗵𝗲 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻, 𝗯𝘂𝘁 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗿𝘀 𝘀𝘁𝗶𝗹𝗹 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗽𝗹𝗮𝗻 𝘁𝗵𝗲 𝗰𝗮𝘀𝗵 𝗳𝗹𝗼𝘄, 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗮𝗿𝗿𝗮𝗻𝗴𝗲𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝘁𝗼 𝘄𝗼𝗿𝗸 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀.

If your payroll costs rise next year, what changes in your operations could help support those higher wages? 🤔

Reference:

Channel NewsAsia
https://www.channelnewsasia.com/singapore/salary-guidelines-lower-wage-workers-ai-6469841

Lower-wage workers earning up to S$2,800 a month should get wage increases of 6 to 8 per cent, depending on how their employer has performed.

19/10/2026

🪟 When customers stay indoors, their spending doesn't necessarily stop. It changes direction.

As haze continues to affect Singapore, some businesses in the western region are feeling the impact. A children's clothing shop reported a 70% drop in business over two weeks, while some hawker stalls experienced sales declines of up to 80%.

🛒 Yet demand is rising elsewhere. Local retailers reported October air purifier sales at more than six times September's level, while air-conditioner sales increased by over 30% year on year.

The same disruption can reduce demand for one business while creating opportunities for another.

🍝 For shops and eateries relying heavily on walk-in customers, the immediate challenge is cash flow. Rent, wages and other commitments continue even when daily takings fall sharply.

Delivery, takeaway and online ordering may help reach customers staying indoors, but the additional costs must still make commercial sense.

💡 The question is not simply how to attract customers back, but how to reach them when their routines and spending priorities change.

Business owners should also consider how long their cash reserves can support operations if the disruption continues.

Reference:

Channel NewsAsia
https://www.channelnewsasia.com/singapore/haze-western-region-daily-routines-psi-businesses-6469406

Singapore's west has seen some of the highest haze readings in recent days, but experts say this may not continue as the situation remains dynamic.