HSBC announced in October 2019 its successful execution of the first 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 Data Protection Excellence (DPEX) Centre, the autonomous research and education arm of Straits Interactive, announced in September that the number of organisations breaching Singapore’s Personal Data Protection Act (PDPA) has reached record levels and have already surpassed the total number of enforcement cases in 2018. 
A study conducted by Microsoft Asia and IDC Asia/Pacific released findings which found that that organizations with AI expect to see 41% improvement in competitiveness in three years. The study also found that more than half (52%) of organisations within the region’s Financial Services...
In August 2019, Google and UOB launched SME Leadership Academy, a new training program for business leaders. This program is supported by Digital Industry Singapore (DISG) and SkillsFuture Singapore (SSG), and aims to help small- and medium-sized enterprises (SMEs) accelerate their digital transformation and compete more effectively in...
Small and medium enterprises (SMEs) across Southeast Asia look to invest in digital technologies within the next three years as the key enabler to drive new business propositions and user experiences, and deliver on significantly enhanced offerings. However, they face challenges around digital talent shortages and transformation,...
Family businesses tend to lean towards a long-term view rooted in shared values, vision and culture, which can help them maintain family control over years. However, family ownership, by itself, doesn’t guarantee a business’s longevity. This is according to Deloitte’s new survey, Global family business survey 2019: Long-term...
Singapore consumers are well-known to be the most demanding with their e-commerce experience.  However, a recent survey shows that Singaporeans are happy with the state of e-commerce delivery with over 75% giving a 5/5 star rating in terms of delivery satisfaction. The catch, however, is the speed of...
Xero, the global small business platform, has recently announced a partnership with Stripe to develop new innovations that help small businesses get paid faster, in more ways, and gain more visibility over their business performance. The global partnership, announced at Xerocon San Diego 2019,...
In an interview with SME Horizon, Paul Hadjy, Co-Founder, Horangi Cyber Security explains how his company helps small and medium enterprises in the Asia Pacific region use technology to mitigate risks Can you tell us about Horangi? Me and my co-founder...
According to a recent study by HubSpot Academy, an online training firm, 83 percent of employees in Singapore have considered taking an online course. The company surveyed 1,000 working professionals in Singapore. The survey also found that most have already taken the plunge, with...