ASH NEWS BITES
MAY 2026 EDITION
IN THE SPOTLIGHT
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Built on Xero. Powered by AI. JAX works like a team behind your business, simplifying admin tasks so you can focus on what matters most — growth.
BLOG OF THE MONTH
Can Singapore Businesses Refuse Cash?
6 Important Things You Need to Know
Under the Willing Buyer, Willing Seller principle, businesses in Singapore are not always required to accept cash payments if both parties have agreed on the payment method.
NEWS AND INFO
Singapore’s National Accountancy Body Sets Up Task Force to Strengthen Financial Reporting
Singapore’s national accountancy body has formed a task force with business and finance leaders to examine how the country’s financial reporting ecosystem can be overhauled for better communication with stakeholders.New CPF Life-Cycle Investment Scheme Could Channel Up to S$9 Billion a Year Into Singapore Stocks
The new Central Provident Fund (CPF) life-cycle investment scheme, set to launch in 2028, could unleash billions into the Singapore stock market.
Announced at Budget 2026, the upcoming CPF scheme could provide “sufficient recurring liquidity inflow” into Singapore equities. 
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