Singapore Unveils COMPASS Framework: A Paradigm Shift in Employment Pass Assessment

Last month (effective 1st September 2023), the Ministry of Manpower (MOM) in Singapore introduced a fresh approach to the assessment of Employment Pass (EP) applications – the Complementarity Assessment, or COMPASS for short. This encourages the development of a local talent pool and fosters diversity within the workforce.   Navigating the COMPASS Framework: A Comprehensive Guide for Employers  …

Read More

Gastech 2023 in Summary

Aurex Group attended the landmark event in the energy industry’s calendar, Gastech 2023, hosting the world’s largest meeting place for the gas, LNG, hydrogen, low-carbon solutions, and climate technologies industries. The four-day event hosted a record-breaking 40,000 attendees, including 4,000 delegates, and 750 exhibitors, from over 100 countries. Here are a few of our key takeaways…

Read More

Interest Rate Rises and What to Expect for APAC Real Estate in 2023

​Global interest rate rises have reverberated through the Asia Pacific (APAC) real estate markets in 2023, causing shifts and influencing every aspect of the industry – with countries and sectors feeling the effects in differing ways. In general, China’s reopening and the perception that interest rates are near their peak have somewhat brightened economic prospects…

Read More

Share schemes and changing pay structures in commodities

​Following record profitability in the commodities trading world, we have seen private trading companies such as Vitol and Trafigura announce bumper payouts to their staff via shareholder payouts. Vitol announced USD 2.5bn to be paid out to 450 top executives and traders for the first half of 2023, with Trafigura announcing similar figures for their…

Read More