Posted by admin on Dec 26, 2008
WE THINK WE ARE BETTER MANAGERS
Posted by admin on Dec 12, 2008
Nearly all executives think they are better manager than they really are. When George Eckes was managing a supplier development organisation, he thought he was an excellent manager. He instituted quarterly subordinate reviews only to discover that his staff didn’t share his view that he was that good.
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Through the reviews, he found out what was important to people who reported to him. They told him that he was not as available to his staff as they desired. One staff member told him: “You return client calls within 24 hours, but when I call you on the road, I often don’t know when you will call back. How about returning our calls with the same urgency as you do to clients?”
This suggestion made him a better manager. He incorporated a similar approach to managers who want feedback on their current level of leadership and what corrective actions needs to occur for them to be better Six Sigma leaders. The tool to achieve this kind of feedback loop is a simple evaluation form, sent anonymously to key peers, subordinated, and if necessary, to superiors. The most important respondent its self review.
(Source: George Eckes, Making Six Sigma Last, John Wiley.)
How often do we review ourselves? We may have a damn good customer service manager to all our clients but we often neglect those who are working with us side by side.
Are you treating your colleagues or subordinates as important as your customer? Think again.
UNSPOKEN LANGUAGE OF THE FACE
Posted by admin on Dec 12, 2008
No matter how good we are at our job, it is believed that if you don’t develop the skills of understanding other’s emotional lies, you can never climb to the top of the corporate ladder.
A person’s face reveals a lot to others around him. It pays to be good looking. One study found that babies look at attractive adult faces longer than plain ones. This bias towards the more beautiful people extends throughout life. Attractive people earn more than plain ones in the same jobs.
Another fact to remember is that if you want to increase your appeal, blink less. Blinking is not really sign of guilt or nervousness. It indicates that mind of the blinker has wandered off to something else. People blink more when they talk than when they listen. One researcher suggested that we blink in order to indicate that we wish to interrupt a conversation. Actor Michael Caine trained himself not to blink at all in order to increase the power of his close-ups.
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It is true that women are more facially expressive than men. Women feel stronger emotions than men and more accurate in matching facial expressions with the emotions they wish to express. So men in business may need to work harder to express emotions in their faces if they are going to succeed at the senior levels of the business world.
(Source: Face-to-face Communications for Clarity and Impact; Harvard Business School Press.)
Micro Loan Programme
Posted by admin on Dec 12, 2008
Very small businesses can get loans of up to S$100,000.
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More funding and bigger Government share of loan default for Micro Loan from 1 December 2008 to 30 November 2009 to help businesses during the economic downturn. Find out more about the changes. |
For who?
Your business qualifies as long as:
- you are registered or incorporated in Singapore
- 30% - 100% of your shareholding is local
- you have 0 - 10 employees
In addition,
- your company’s group fixed assets must be between S$0 - 15 million*
- your group employment size must be between 0 - 200 workers (for services sector)*
*Computed on a group basis. Where 20% - 100% of your shares are owned by other companies, the total value of your fixed assets and employees is calculated three levels up. Where your company owns 51% - 100% of another company (subsidiary), your subsidiary’s fixed assets and employees will also be added to the computation.
For what?
You can use the loan to:
- fund the daily operations of your business
- automate and upgrade your factory and equipment
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Types of loans
- Working Capital Loan#
- Machinery Term Loan/Machinery Hire Purchase
#Loan can be structured as a term loan of up to 4 years.
Interest rates and re-payment
- It is a fixed interest financing programme.
Things to note:
- Micro Loan is a loan for smaller businesses offered under Local Enterprise Finance Scheme (LEFS).
- Your combined loan exposure for Micro Loans cannot exceed S$100,000.
Facts & figures
- S$720 million worth of loans have been extended to 3,500 companies under the Micro Loan, Local Enterprise Finance Scheme (LEFS) and Loan Insurance Scheme (LIS) from 1 January 2007 - 31 December 2007.
Source: SPRING Singapore, Annual Report 2007/2008. - S$326 million worth of loans have been extended to 10,000 companies under Micro Loan from 2002 - 2006.
Source: SPRING Singapore, Enterprise Today, January - February 2007.
Changes from 1 December 2008 - 30 November 2009
|
Existing |
Revised |
|
|
Maximum loan amount |
S$50,000 |
S$100,000 |
|
Risk sharing of loan default |
Government: 50% |
Government: 80% |
PFI: Participating Financial Institution
Participating Financial Institutions
- DBS Bank Limited
- GE Commercial Financing (Singapore) Ltd
- Hong Leong Finance Limited
- IFS Capital Limited
- Indian Bank
- Maybank
- ORIX Leasing Singapore Ltd
- Oversea-Chinese Banking Corporation Limited
- RHB Bank
- Sing Investments & Finance Limited
- Singapura Finance Limited
- Standard Chartered Bank
- The Hongkong and Shanghai Banking Corporation Limited
- United Overseas Bank Limited
Local Enterprise Finance Scheme (LEFS)
Posted by admin on Dec 12, 2008
Strengthen, upgrade and expand your business with the help of a loan.
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Funding extended to all businesses under LEFS from 1 December 2008 to 30 November 2009 to help businesses during the economic downturn. Find out more about the changes.
|
For who?
- All local businesses that need to grow. Your business qualifies as long as 30% - 100% of your shareholding is local.
For what?
You can use the loan to:
- automate and upgrade your factory and equipment
- purchase factory (only for JTC Corporation or Housing & Development Board (HDB) properties)
Types of loans
- Factory Loan
- Machinery Term Loan / Machinery Hire Purchase
- Working Capital Term Loan (Unencumbered Assets)## Unencumbered assets could include both equipment and factories (commercial and JTC/HDB).
Interest rates and re-payment
- It is a fixed interest rate financing programme.
Things to note:
- Your combined loan exposure under LEFS cannot exceed S$15 million.
Facts & figures
- S$720 million worth of loans have been extended to 3,500 companies under LEFS, Micro Loan Programme and Loan Insurance Scheme (LIS) from 1 January 2007 - 31 December 2007.
Source: SPRING Singapore, Annual Report 2007/2008. - S$3 billion worth of loans have been extended to 2,800 companies under LEFS from 2002 - 2006.
Source: SPRING Singapore, Enterprise Today, January - February 2007.
Changes from 1 December 2008 - 30 November 2009
|
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Revised Senseless full movie |
|
|
For who?
|
SMEs with: |
All businesses. Non-SMEs qualify if: |
|
For what? |
• Automate and upgrade factory and equipment • Purchase factory and business premises |
• Expanded to provide term loans using fully-paid assets as collaterals • Expanded to include purchasing of more types of construction equipment and heavy vehicles |
|
Risk sharing of loan default |
Government: 50% |
SMEs Non-SMEs |
PFI: Participating Financial Institution
Participating Financial Institutions
- DBS Bank Limited
- GE Commercial Financing (Singapore) Ltd Nim’s Island video
- Hong Leong Finance Limited
- IFS Capital Limited
- Indian Bank
- Maybank
- ORIX Leasing Singapore Ltd
- Oversea-Chinese Banking Corporation Limited
- RHB Bank
- Sing Investments & Finance Limited
- Singapura Finance Limited
- Standard Chartered Bank
- The Hongkong and Shanghai Banking Corporation Limited
- United Overseas Bank Limited
Internationalisation Finance (IF) Scheme
Posted by admin on Dec 12, 2008
Need funds to expand overseas? Get a loan of up to S$15 million to buy fixed assets and finance your overseas projects or orders.
|
Relaxed criteria and bigger Government share of loan default under IF Scheme from 1 December 2008 to 1 December 2009 to help businesses during the economic downturn. Find out more about the changes. |
For who?
- Singapore-based companies who wish to expand overseas. The Singapore-based company or its overseas subsidiary can apply directly for the loans. download 1408 movie
- Your overseas expansion must: My Blue Heaven movie full
- complement or be related to your Singapore business
- result in economic spin-offs to Singapore (e.g. jobs or R&D in Singapore)
- Your company’s group turnover cannot exceed the maximum amounts listed in the table below:
|
Type of Company |
Maximum Group Turnover |
|
|
Trading Company* |
Non-listed |
< S$500 million Planet 51 download |
|
Listed |
< S$300 million Gallipoli psp |
|
|
Non-Trading |
Non-listed |
< S$300 million |
|
Listed |
< S$300 million |
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* Your company will be considered a trading company if more than 50% of your turnover comes from buying and selling goods.
For what?
You can use the loan to:
- buy fixed-assets that will be used overseas
- raise working capital for secured overseas projects
- raise working capital for confirmed overseas sales orders
- issue banker’s guarantee for secured overseas projects
Types of loans
|
Types of Loan Facilities |
Maximum Tenture
|
Maximum Quantum of Financing1 |
|
Asset-based financing: |
|
90%2 |
|
Structured loan |
3 years |
90%3 |
|
Banker’s guarantee |
5 years |
100% |
1. Maximum quantum of financing will be pro-rated based on the percentage of the Singapore-based company’s shareholding in the overseas operations, unless the asset financed is for the Singapore-based company’s equity injection purposes.
2. Based on valuation or purchase price whichever is lower.
3. Based on contract amount.
Interest rates and re-payment
- Interest rates, repayment structures and collateral requirements will be determined by the participating financial institutions. The interest rate may be fixed or floating.
- Repayment period is also tailored to your needs.
Things to note:
- If your overseas subsidiary is applying for the scheme, the Singapore-based parent must be willing to put up a corporate guarantee.
- The maximum loan amount of S$15 million is computed on a group basis, i.e. S$15 million is the maximum amount the parent company and all its subsidiaries and associated companies can obtain under the Scheme.
Changes from 1 December 2008 - 1 December 2009
|
Revised A Day Without a Mexican move |
||
|
Your maximum group turnover |
Trading Company |
Trading Company |
|
Non-Trading Company |
Non-Trading Company |
|
|
Risk sharing of loan default |
Government: 70% |
Government: 80% |
PFI: Participating Financial Institution
Participating Financial Institutions
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- DBS Bank Limited
- GE Commercial Financing (Singapore) Ltd
- Hong Leong Finance Limited
- IFS Capital Limited
- Maybank
- ORIX Leasing Singapore Ltd
- Oversea-Chinese Banking Corporation Limited
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- The Hongkong and Shanghai Banking Corporation Limited
- United Overseas Bank Limited
Tax Exemption for Start-ups
Posted by admin on Dec 12, 2008
Start-ups that meet certain qualifying conditions do not need to pay tax on the first S$100,000 of chargeable income (excluding Singapore franked dividends Kill Bill: Vol. 1 movie download
For who?
New companies that meet these criteria:
- From Year of Assessment (YA) 2005 to YA 2008: Americanizing Shelley dvd
- incorporated in Singapore (except companies limited by guarantee)
- a tax resident of Singapore in that YA
- has its total share capital beneficially held, directly or indirectly, by no more than 20 individuals throughout the basis period relating to that YA.
- With effect from YA 2009:
- incorporated in Singapore (except companies limited by guarantee)
- a tax resident of Singapore in that YA Once Upon a Time in Mexico buy
- has no more than 20 shareholders throughout the basis period for that YA where:
- all of the shareholders are individuals beneficially holding the shares in their own names; OR
- at least one shareholder is an individual beneficially holding at least 10% of the issued ordinary shares of the company
For what?
- To help start-ups preserve their cash flow and profits.
How much?
- Tax exemption on the first S$100,000 of chargeable income (excluding Singapore franked dividends) for any of the first 3 consecutive years of tax assessment from YA2005.
- Starting from YA 2008, a further 50% exemption is given on the next S$200,000 of the normal chargeable income (excluding Singapore franked dividends) for each of the first 3 consecutive YAs.
Things to note:
- Elegy dvd Singapore franked dividends are dividends paid out of the profits of a company on which tax has already been paid in Singapore.
- The first YA of a qualifying company is the YA relating to the basis period during which the company is incorporated. The Poet
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E.g. Company A is incorporated in Singapore on 15 April 2003. The accounting year-end of the company is 30 June. The first YA of Company A is YA2004 (basis period 15 April 2003 to 30 June 2003). If Company A meets the qualifying criteria for YA2005 (i.e. second YA), Company A would enjoy full tax exemption of up to S$100,000 on its normal chargeable income (excluding Singapore franked dividends) for YA2005. Similarly, if Company A meets the qualifying criteria for YA2006 (i.e. third YA), Company A would enjoy full tax exemption of up to S$100,000 on its normal chargeable income (excluding Singapore franked dividends) for YA2006. |
Enterprise Investment Incentive (EII) Scheme
Posted by admin on Dec 12, 2008
Attract more investors for your start-up business by giving them tax breaks for any investment losses.
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- Start-ups registered in Singapore who are developing new products, processes or services.
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- Investors can deduct up to S$3 million worth of losses against their taxable income.
Regional Headquarters Award (RHQ)
Posted by admin on Dec 12, 2008
Get RHQ status for your business and enjoy lower corporate tax rates.
For who?
- All companies managing their Asia-Pacific headquarters activities out of Singapore.
For what?
- To encourage companies to use Singapore as a base for conducting headquarters management activities to oversee, manage and control their regional and global operation and businesses.
- Headquarters activities include strategic business planning and development, marketing control, planning and brand management, and technical support services.
How much?
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- Companies with RHQ status pay a lower corporate tax rate of 15%. The current corporate tax rate is 18%.
Things to note:
- Personnel hired for headquarters operations should be based in Singapore and can include management, professionals, technical and support staff. I Now Pronounce You Chuck and Larry buy
International Headquarters Award (IHQ)
Posted by admin on Dec 12, 2008
Get IHQ status for your business and enjoy lower corporate tax rates.
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For who?
- All companies managing their headquarters activities out of Singapore. The company must commit to exceed the minimum requirements of the Regional Headquarters Award
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- To encourage companies to use Singapore as a base for conducting headquarters management activities to oversee, manage and control their regional and global operation and businesses. The King of Marvin Gardens
- Headquarters activities include strategic business planning and development, marketing control, planning and brand management, and technical support services. Supergirl rip Triloquist buy
How much?
- Offers concessionary tax rate of 10% or lower. The current corporate tax rate is 18%.
Things to note:
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- Personnel hired for headquarters operations should be based in Singapore and can include management, professionals, technical and support staff.