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ISCA Welcomes Six New Council Members; Poised to Invest up to $7 Million in Enhancements to SCAQ Programme and International Growth and Expansion in 2025

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1 year ago

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SINGAPORE – Media OutReach Newswire – 15 May 2025 – The Institute of Singapore Chartered Accountants (ISCA) has announced the election of four newly-elected members, re-election of four existing members, and appointment of two new members to the ISCA Council, which is the governing body of ISCA to approve major policy decisions and oversees matters relating to the governance and membership of the Institute. The newly-elected, re-elected and newly-appointed Council Members will serve as ISCA Council Members for a term of two years until 2027.
The newly-elected Council Members are:
• Ms Ang Suat Ching, Chief Financial Officer, Resorts World at Sentosa Pte Ltd
• Mr Chin Chee Choon, Audit and Assurance Partner, Head of Business Development and Marcomm, Forvis Mazars LLP Singapore
• Mr Lee Eng Kian, Managing Partner, PKF-CAP LLP
• Mr Gajendran S/O Vyapuri, Assurance Partner and Professional Practice Director, EY LLP
The re-elected Council Members are:
• Ms Lo Mun Wai, Audit Partner, KPMG LLP
• Ms Judy Ng, Group Financial Controller, DBS Bank
• Ms Cyndi Pei, Chief Financial Officer, Digital InfraCo Singapore Telecommunications Limited (Singtel)
• Mr Song Yeow Chung, Chief Financial Officer, Old Chang Kee Ltd
In addition, two new members have been appointed to the Council: Ms Esther Wee, Accountant-General and Chief of Government Finance, Accountant-General’s Department (AGD), and Mr Tan Boon Gin, Chief Executive Officer, Singapore Exchange Regulation, SGX Group. Ms Wee was appointed by the Ministry of Finance to represent the government on ISCA Council, and Mr Tan is the first non-accountant appointed by the ISCA Council for his extensive experience which enables him to support and advise ISCA on initiatives relating to corporate governance and bring an added lens in terms of regulatory oversight and public interest.
At the AGM, ISCA also announced several key highlights and updates of its performance in the past year:
• Since taking over the administration of the Singapore Chartered Accountant Qualification (SCAQ) programme at the start of the year, ISCA achieved an increase of 47% in enrolments, including overseas SCAQ candidates.
• ISCA recorded a 98.3% membership retention rate in 2024, which is the highest in a decade.
• Ended the year strong with a $5.3M surplus and boosted its reserves to $113.8M (including fair value gains).
• Held membership fees unchanged for the 8th consecutive year, and no fee increase for this coming year as well.
• Expanded our reach globally and set up 12 overseas chapters in 9 countries, with 4 ISCA overseas offices.
In 2025, ISCA is poised to invest up to $7 million in enhancements to the SCAQ as well as international growth and expansion, as part of longer-term growth plans for the Institute. To support this endeavour, the Institute announced its plan to acquire a second property with a value around $55 million, for the purposes of investment and bolstering ISCA’s financial health.
ISCA President Mr Teo Ser Luck said, “At this exciting time of strong growth and great potential for ISCA, I’m pleased that our valued members have elected a capable and experienced Council to lead us forward. The Council members bring with them many years of experience from a wide range of industries and sectors — including the public sector, accounting firms, listed companies, and more. Their diverse backgrounds will bring fresh ideas and new perspectives to help advance both ISCA and the accounting profession. Together with the Institute’s senior management, we look forward to exploring new opportunities and making 2025 a year of meaningful progress, with new initiatives and key developments for ISCA. At the same time, we remain committed to supporting our members and delivering lasting value.”
For more information on the biographies of the newly-elected, re-elected and appointed Council Members, please refer to the Annex.

To access ISCA’s Annual Report 2024/2025, please click here.

Hashtag: #ISCA #DifferenceMakers #Accountancy #ISCACouncil

The issuer is solely responsible for the content of this announcement.

About the Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 39,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries.
Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession.
ISCA administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation.
ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.
For more information, visit www.isca.org.sg.
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Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market

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10 hours ago

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26/05/2026

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As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.

SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.

The building is linked to both Raffles Place and Downtown MRT stations via fully sheltered underground walkways, allowing members and their visitors to reach the office without exposure to Singapore’s heat or rain.
Unlike other industry players, CoWorkSpace owns the property it operates from. This owner-operated model provides members with the option of medium to long-term price stability and reduces the risks commonly associated with leased coworking spaces, such as sudden closures, forced relocations, and aggressive rental increases.
The facility is configured mainly as private suites, with no hot-desks and no virtual office members. Members on dedicated-desk arrangements are situated within private suites, providing greater privacy and a more professional working environment.
Each suite is equipped with electronic height-adjustable desks, modern office chairs, and pedestal cabinets according to the suite configuration. Data points are also included within each suite.
Shared facilities include an expansive business lounge, business-grade internet, reception services, meeting rooms and call booths, printing, scanning and shredding facilities, and utilities.
In addition, CoWorkSpace operates an in-house IT team that manages its network and infrastructure directly, enabling faster response and turnaround times for IT-related matters without relying on third-party vendors.

Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace


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JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High

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11 hours ago

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26/05/2026

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SINGAPORE – Media OutReach Newswire – 26 May 2026 – JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a leading global technology company, today announced its unaudited financial results for the first quarter ended March 31, 2026.

In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.

In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.

Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.

  1. This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.

Hashtag: #JOYY

The issuer is solely responsible for the content of this announcement.

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“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission

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18 hours ago

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25/05/2026

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BINZHOU, CHINA – Media OutReach Newswire – 25 May 2026 – On May 11, experimental samples for the project “Study on the Effect of Rotating Magnetic Field on the Solidification Process of Aluminum-based Lightweight High-entropy Alloys under Space Microgravity Conditions” were officially launched aboard the Tianzhou-10 cargo spacecraft. Co-developed with the Metal Materials Center of Binzhou Weiqiao UCAS Advanced Technology Research Institute, these samples are now en route to China’s Manned Space Station to begin their on-orbit scientific journey in a microgravity environment.

Researchers conducting project experiments

This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”

As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice

The issuer is solely responsible for the content of this announcement.

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