Author: Dickson Tan
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Contractor Hiring Ban
Waterproofing contractor Le Fong Building Services was barred from hiring foreign workers for a period of 3 months after one of its employee fell through a roof more than 8m high and sustained multiple bodily injuries. The incident happened after the worker stepped on a skylight panel which broke. Upon inspection, Ministry of Manpower (MOM)…
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Cyber Breaches
Cyber breaches continue to occur around the world, with companies big and small being targeted by criminals and hackers, who then either sell the data on the web for money or attempt to get ransoms from the company. Recently, Singtel-owned Optus was the target of a massive data breach, with more than 10 million customers’…
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Razer vs CapGemini
The ongoing court case between Razer, a gaming company, and CapGemini, a IT services company, was concluded recently. Razer was awarded a total of US$6.5million in damages by the High Court. Shipping information and order details of thousands of customers were leaked in a cyber security breach in Sep 2020. The damages awarded largely came…
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Cyber Updates
2023 thus far is a continuation of the previous years where cyber breaches continue to be rampant, with companies big and small falling prey to these criminals. In April, Australia’s IPH suffered a data breach on a limited set of data, after data originating from their member firm was downloaded by an unauthorized third party.…
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Changes to Foreign Workers Medical Insurance – Jul 2023
With effect from 1 July 2023, the requirement by Ministry of Manpower (MOM) to maintain adequate medical insurance for foreign workers on work permits have increased from S$15000 to S$60000 per year. Also, employers are subjected to a 25% co-payment for any claims above S$15000, up to the annual limit of at least S$60000. On…
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AIG removes cover for McLarens driven out of Singapore
In a rare move by an insurer, AIG has decided, with effect from 1 Apr 2024, to stop insuring McLarens when they are driven out of Singapore. What this means is that any losses arising from trips across the Causeway and beyond will not be covered by the insurer, even if the car owners have…
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Guarding Against the Unexpected: Insights from the Tipsy Collective Legal Battle
Recently, there was a legal tussle between the shareholders and co-founder (Mr David Gan) of homegrown F&B company Tipsy Collective, after the other co-founder (Mr Derek Ong) passed on unexpectedly in 2023. The wife of Mr Ong sold his shares to the other shareholders, which resulted in them holding majority shares in the company. The…
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Understanding the Impact: Projected 12% Rise in Singapore Medical Insurance Costs for Corporate Health Benefits
Navigating employee health benefits is becoming increasingly challenging for companies with headcount in Singapore and around the region. With a projected 12% rise in medical insurance costs for 2025, it is essential for HR professionals and decision-makers to begin planning now. This increase poses risks not only to budgets but to employee satisfaction as well.…