Banks to charge for use of Singdollar cheques by 1st Nov 2023, to stop taking corporate cheques by end-2025.

Banks to charge for use of Singdollar cheques by 1st Nov 2023, to stop taking corporate cheques by end-2025.

Credit: Business Times  If you are still using physical cheques to make payments to your suppliers or vendors instead of using bank transfer, come November 2023, each single cheque will be charged a $0.70 cents regardless of whether you issue out or receive one. At the same time, to stop taking corporate cheques by end-2025….

Police report lodged against Singapore Silat Federation finance director over alleged salary irregularities

Police report lodged against Singapore Silat Federation finance director over alleged salary irregularities

Credit : Channelnewsasia.com Why is this type of news constantly appearing in our media? I believe the gap is in the reporting. There is a lack of transparency and real time updates of the system. Very often, the perpetrator knows the weakness of the system and this person’s weakness succumbs to the system weakness. The…

Pen and paper

Pen and paper

I made a donation recently to one of the charity organisation and they are big by all standards with several outlets(locations) around Singapore. It was by no means to test their system as the amount donated was by the thousands in cash. I could have donated SGD10 and still request a receipt. Don’t ask me…