Three things need you — your agents handled 9 overnight.
Jane, an expense claim and Globex's Form C-S need your sign-off, and a bank feed dropped for two clients. Everything else is on track.
Information & insights.
Filing deadline in 24h — Globex Form C-S
The corporate tax return for Globex Pte Ltd is due tomorrow and is still awaiting your sign-off. Miss it and a late penalty applies.
38% of your cash sits in VND — and the dong has moved 4.2% this year
Your Vietnam operating account has held above S$900k since March while your payables are almost entirely in SGD and USD.
A further 5% move against you would cost roughly S$46k on the current balance, and it would land in the same quarter as your FY26 audit.
Our treasury team can model a forward cover and set a repatriation schedule.
Huge thanks to every team across the region — this one's yours. Celebration drinks in each office this Friday. 🥂
Your leave request was approved ✓
Annual leave 2–6 Jun is approved by Priya Nair. Enjoy! Your balance is now 11 days.
Your HCMC branch is now bigger than the structure it was set up for
Headcount in Vietnam has gone from 4 to 23 in eighteen months, and it now books 31% of group revenue through a branch registration.
A branch keeps the liability with the Singapore parent and caps how you repatriate profit. At this scale most groups convert to a subsidiary before the next audit cycle.
We can map the conversion, the tax effect and the timeline in one session.
Bank feed disconnected — 2 clients affected
The OCBC bank feed for Globex and Sunrise dropped overnight. Reconnect to resume automated reconciliation.
Leadership will share H1 results and the roadmap for the new automation platform. Join in person or on the livestream.
Updated remote-work policy now in effect
From June, the hybrid policy moves to 3 days in-office. Full details are on the staff portal.
Your customers are taking 19 days longer to pay than a year ago
Average days-to-pay has drifted from 43 to 62 across your top twelve accounts, with three of them past 90 days.
That drift is holding about S$380k out of your working capital — roughly the cost of the two hires you deferred last quarter.
We run receivables management as a service, including chasing and credit terms.
Transfer pricing after BEPS 2.0 — what mid-market groups keep getting wrong
The 15% floor changed the calculus for regional holding structures, but most mid-market groups still document intercompany pricing the way they did in 2019. Three corrections worth making before year end.
Economic substance is now an operating question, not a filing one
Regulators across the region have shifted from checking boxes to checking payroll, premises and decision-making. What that means for how you staff a Singapore holding entity.
Why fund administration is becoming a data problem
NAV cycles are compressing while investor reporting expectations keep rising. The firms handling it well have stopped treating administration as a monthly close and started treating it as a pipeline.
Indonesia has been on our map for years, and our clients kept asking. The Jakarta team is live from Monday with company formation, tax and corporate secretarial services. Come and say hello.
Our tax team pulled together the practical checklist — contract repricing, invoicing cutovers and the transitional rules people keep missing. Link in the comments.
Priya joins us after fifteen years advising mid-market groups across ASEAN. She'll be leading our transfer pricing and cross-border practice from Singapore. Welcome, Priya 👏