Small and medium sized enterprises (SMEs) which make up the backbone of Singapore’s economy are increasingly turning to digital transactions to collect money from their customers.DBS has seen a 70% increase in digital transactions from its SME customers and 25% increase in transaction value since the bank launched DBS...
GIC, Singapore’s sovereign wealth fund, and Polymer Connected, a data centre provider, have established a partnership to develop a data centre campus in Jakarta.
With this partnership, Polymer Connected has acquired the land to build the campus, strategically located in Jakarta Barat. This will be Polymer Connected’s first campus in...
Ascendas-Singbridge Group (ASB), supported by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore, announced the formation of a Smart Urban Co-Innovation Lab, the first developer-led lab in Southeast Asia. Slated to be launched later this year, the lab will facilitate and support at least 30 co-innovation projects within...
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, and powered by Synagie’s cloud commerce...
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 with CCOICto facilitate Chinese enterprises’ internationalisation...
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 primarily allow users to own experiences...
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 environments serving mainly the healthcare, pharmaceutical,...
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 was expected to moderate in 2019...
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 considering the cost of an expatriate...
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 and factoring...
