Expansion

SingPost and Synagie will collaborate to provide on-demand warehousing and fulfilment solutions to SMEs in Singapore and Southeast Asia (SEA). Southeast Asia’s small and medium-sized enterprises (SMEs) will now be able to utilise state-of-the-art warehousing and fulfilment services provided by SingPost subsidiary Quantium Solutions,...

United Overseas Bank Limited (UOB), Singapore Exchange Limited (SGX) and the China Chamber of International Commerce (CCOIC)have signed a Memorandum of Understanding (MOU) to help Chinese enterprises use Singapore as a launchpad to expand into ASEAN.  The tripartite alliance builds on UOB’s existing collaboration...

Peer-to-peer rental platform MyRent has launched in Singapore recently. MyRent seeks to help Singaporeans monetise their belongings by renting their items out to its community of users. MyRent was co-founded by Ishwar Dhanuka, Mark Kok, and Rahul Sharma. “The idea behind MyRent is to...

Acropower has signed an agreement with Chew’s Agriculture Pte Ltd (CAPL) to build, own and operate a waste-to-energy power plant that will convert poultry waste into energy. Acropower is an 80%-owned subsidiary of ACROMEC, a specialist engineering service provider in the field of controlled...

Singapore’s Ministry of Trade and Industry (MTI) has downgraded the Singapore’s GDP growth for 2019 at 1.5 to 2.5 per cent. In the last Economic Survey of Singapore published in February, MTI highlighted that growth in most of the key advanced and regional economies...

The latest MyExpatriate Market Pay survey published annually by ECA International, a human resources consultancy has revealed that expatriate pay packages in Singapore rose by US$ 13,163 in 2018 to a total of US$ 236,258, including an average cash salary of US$ 90,170. When...

Asset-based finance (ABF) software company HPD LendScape has opened its first Asian office in Singapore. To mark the opening, the company, together with FCI – a global network of commercial ABF providers – will hold a half-day receivables finance workshop in Singapore with over 30 regional and global banks...

The Asian Development Bank (ADB) has received $12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses. The grant—one of three awarded under the inaugural call for proposals—enhances ADB’s support...

In a bid to provide a higher level of security to customers, Singapore’s DBS Bank has launched digital tokens for more than 200,000 of its corporate and SME customers on DBS IDEAL, the bank’s online banking platform for corporate and SME customers.  According to...

Enterprise Singapore is focusing on strengthening the startup ecosystem in Singapore by working with global and local partners. This supports the national Research, Innovation and Enterprise 2020 Plan to build a strong core of innovative enterprises and startups to capture global opportunities and create high value jobs...