Saturday, January 25, 2020
Funding Societies, the leading SME digital financing platform in Southeast Asia, is ending an eventful year by crossing the SGD 1 billion mark in SME loans. In line with the platform's goal of responsible growth, Funding Societies expanded its loan volume by 3 times in the last 12 month while maintaining a...
Strong exhibitor participation at Singapore Airshow underscores Asia’s positive growth outlook for aerospace and defence industries Underscoring a strong growth outlook for Asia’s aerospace and defence industries, Singapore Airshow is pleased to share that over 95% of its exhibition space has been taken up for the upcoming 7th edition to...
It is not secret that the global economy is not at its best right now. As such, it is becoming increasingly difficult for companies, especially SMEs, to grow, expand, and penetrate new markets. Businesses have to adapt and transform themselves drastically to fit into this new business climate if...
Sage, the market leader in cloud business management solutions, and Standard Chartered has announced a new partnership to provide small and medium-sized enterprises (SMEs) with access to the right tools, knowledge and funding, to simplify SME banking and support them in making timely and insight-driven financial decisions at critical...
Singapore is contemplating the idea of expanding green financing incentives for financial services companies to help boost their resilience against the economic impacts of climate change. Ravi Menon, managing director at Monetary Authority of Singapore (MAS) said the central bank sees an opportunity to expand its sustainable grant programme...
Growing up in Singapore, many of us would associate the month of October with Children’s Day. But did you know that the International Day of Older Persons (IDOP) is also celebrated in October? The IDOP is an occasion for us to recognise and appreciate older persons, such as the colleagues...
The Singapore Economic Development Board has published findings from its first Smart Industry Readiness Index (SIRI) Manufacturing Transformation Insights Report 2019, highlighting manufacturers in the semiconductor and pharmaceutical industries as frontrunners in their adoption of Industry 4.0 in Singapore. Based on data collected from 200 manufacturers across 12 major industries...
As Cyber Risks Rise, Singapore SMEs Are Less Concerned 65% of SMEs were victims of cyber incidents in the past year – up from 2018 40% of SMEs surveyed do not have cyber risk insurance A survey by Chubb of Small and Medium Enterprises (SMEs) in Singapore reveals that...
Singapore moved up one notch to be the fourth amongst 129 countries in the International Property Rights Index (IPRI) 2019 report. The Republic now sits alongside strong IP powerhouses such as Finland, Switzerland and New Zealand. Singapore continues to retain its top spot in Asia. The index, which ranked 129...
HSBC hits another blockchain milestone in the successful execution of the first-ever live pilot blockchain Letter-of-Credit (LC) transaction in Malaysia. The transaction involved the import of resin by Malaysia’s Simply Packaging Sdn Bhd (Simply Packaging) from a Singaporean company, both active players in the packaging and chemicals industry respectively....
The semiconductor industry has contributed 7.8% of Singapore's GDP and supported 35% of the manufacturing workforce. Despite the industry facing a slowdown made worse by prolonged trade tension between US and China, the automotive semiconductor market is going to be a key driver for the semiconductor industry - expected...
SMEs make up over a third of all bank loans in Asia Pacific, according to a study by McKinsey. Due to this, it is no surprise that Singaporean banks are looking for new ways to attract more customers and encourage more SME lending. Unfortunately, SMEs often fail to get the...

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