The Monetary Authority of Singapore's move to impose these requirements is aimed at reducing risks that might arise if a trading firm gets into trouble.
Examples cited by ACRA include recognition of revenue and profits when work had not been fully completed, and cases where directors did not sufficiently query decisions such as the move to defer billings to customers.
While GIC did not disclose the value of its investment, its partner, US-based Macerich Company, says it would be contributing eight assets valued at US$5.4 billion to joint ventures with GIC and Heitman LLC.
The drop in the Resale Price Index released by the Housing and Development Board (HDB) is the ninth consecutive quarter of decline, according to flash estimates.
Urban Redevelopment Authority flash estimates released on Oct 1 show an eighth straight quarter of price declines, with prices in all regions of Singapore falling.
Currently Deputy CEO (Corporate Development), Mr Vincent Chong will succeed Mr Tan Pheng Hock who plans to retire.
The Manpower Minister also says he intends to work more closely with companies that provide good opportunities for Singaporeans.
The Ministry of Trade and Industry has traditionally focused on attracting multinational firms to Singapore, but its scope has expanded to helping smaller businesses and encouraging entrepreneurship.
Smartphones, tablets and social media are now an integral part of our everyday lives and that means a lot of conversation takes place virtually. Channel NewsAsia finds out how brands and marketeers are changing the way they reach out to consumers.
The new regulations, to be implemented from Thursday (Oct 1), will also require money lenders to calculate interest on a reducing balance basis.