Revenue-based financing and growth platform Choco Up has entered into a strategic partnership with B2B wholesale marketplace Peeba where it will provide a US$10 million funding facility to enable a “Sell First, Pay Later” payment option for retailers on Peeba’s platform. The Singapore-based companies said in a joint statement that...
Bookings for flights out of Singapore, as well as overseas accommodation, more than doubled as of Friday (25 March), just a day after the country announced that it would reopen its borders to all fully vaccinated travellers. Among the slew of border measures announced - which take effect from 11.59pm...
Validus, a Singapore-based lending platform for SMEs, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book.  Nikhilesh Goel, co-founder and Group CEO of Validus, told TechCrunch that Validus expects to create synergies with the loan portfolio...
Singapore is easing more Covid-19 curbs including lifting most restrictions for fully vaccinated visitors arriving in the country and dropping requirements to wear masks outdoors, Prime Minister Lee Hsien Loong said in a televised national broadcast on Thursday. Singapore was one of the first countries to shift to a strategy...
Amazon Web Services, Inc (AWS), an Amazon.com company, has found that the need for digital skills training became more acute during the pandemic, with 91 percent of workers in Singapore reporting they need more digital skills – the ability and knowledge to apply digital technologies for tasks in the...
Rainforest, an e-commerce buy & build company, has announced the acquisition of Millenium Enterprises including its flagship brand Naturebond, reputed to be one of Singapore’s rapidly-growing baby care brands. Company founder Jeffrey Chua will be an advisor at Rainforest and NatureBond’s existing team will join Rainforest. NatureBond was recently ranked...
Singapore has unveiled a new plan to strengthen local businesses in various sectors, with an aim to significantly grow the city-state’s trade volumes by 2030. Speaking in Parliament late last week, Singapore Minister for Trade and Industry Gan Kim Yong said the Singapore Economy 2030 plan will target growing exports...
Singapore’s aviation sector will get a fresh injection of S$500 million to further support recovery amid the Covid-19 pandemic. This is the latest in a slew of support measures for the sector since borders were shut in March 2020. Transport Minister S. Iswaran said during his ministry's budget debate on...
Singapore-based Nasdaq-listed Grab could face class action lawsuits, with several United States law firms calling for shareholders to contact them to investigate claims on their behalf. The mounting of such investigations, which is fairly commonplace for listed firms in the US, comes after Grab's shares crashed last week, falling about...
SMEs in Singapore are working with the country’s labour union to tackle gender bias and harassment in the workplace with the accord signed between 22 SMEs and the nation’s National Trade Union Congress (NTUC). The agreement is to ensure the implementation of fair recruitment practices and protect employees from workplace...
Singapore said that the impact of the war in Ukraine will be “significant” over time as it disrupts global supply chains and energy costs, according to Minister for Trade and Industry Gan Kim Yong. The country will be “significantly impacted” by rising energy cost as it imports most of its...
SMEs require more support in the journey to become more sustainable as they are facing challenges such as insufficient knowledge to identify and to execute relevant initiatives for the organisation (40 percent), inadequate non-financial support such as sustainability training (33 percent) as well as potential increase in cost (31...

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