Good news for SMEs in Singapore. The government has set aside an additional S$100 million (US$74 million) for small and medium-sized enterprises (SMEs). This was announced by finance minister Heng Swee Keat in Parliament during his annual budget speech. The fund, dubbed SME Co-Investment Fund III, will...
The Infocomm Media Development Authority (IMDA), Singtel and DBS recently rolled out a new 99%SME e-commerce platform (99sme.sg) that aims to help small and medium enterprises (SMEs) in Singapore easily adopt digital technologies and provide their customers with omni-channel experiences. The new platform was launched by Sim...
Indonesia’s burgeoning digital economy offers extensive opportunities for Singapore startups, technology and financial services firms and investors.On 30 June, the Singapore Business Federation (SBF), in collaboration with the Indonesian Embassy in Singapore, hosted its second FYIstival webinar on Indonesia, themed “Digital and FinTech Opportunities for Indonesia and...
Deskera, Asia's leading Cloud-based platform, and Funding Societies, Southeast Asia's largest Peer-to-Peer (P2P) financing platform, is entering into a partnership with the aim to support underserved SMEs by providing alternative financing solutions. With the two organisations working together, SMEs will also be able to take a step...
SeedIn, a Singapore based business financing platform, has teamed up with Acudeen, a Philippine based online peer-to-peer marketplace for receivable discounting. SME borrowers and investors can leverage on the strengths of both platforms for their financing and investment needs, while being able to enjoy exclusive...
Zwipe, a biometric fintech company, conducted a comprehensive consumer investigation in Singapore during Q4 2021 to study 150+ consumers' payment preferences and feedback on biometric payment cards. Consumers' feedback on biometric payment cards was extremely positive, indicating a strong demand...
The unprecedented COVID-19 pandemic has posed severe challenges for the global economy and supply chains have been in the eye of the storm. Amid heightened geopolitical tensions, some countries are considering moving supply chains out of China. However, as a recent research study by...
Despite COVID-19, 15,300 enterprises pressed on with projects to raise productivity, enhance innovation and pursue internationalisation in a challenging 2020, with support from Enterprise Singapore (ESG). These enterprises are largely from the retail, wholesale trade, manufacturing, food services and professional services sectors. Their efforts...
Singapore SMEs are looking to invest in business transformation despite expectations of a soft economic environment outlook in the next six months, together with lower turnover and profitability.  The SBF-DP SME Index (the Index) has seen a dip from 50.7 to 50.4 this quarter,...
Tech startup Zowedo Pte Ltd has launched an online platform, of the same name, for consumers in Singapore. The company has a mission to democratise the service industry by connecting SMEs to customers. Four months after the soft launch, Zowedo currently offers over 400 service listings and...