Venture investments in Singapore are reported to grow despite a slowing economy. Overall, a total amount of S$13.4 billion (+36%) was invested in startups across 437 deals from January to September 2019. Emerging interest in Deep tech startups Notably, Enterprise Singapore saw investments...
GoBear, an Asian financial supermarket, commissioned an online survey with over 4,000 respondents across four countries in Asia Pacific to better understand the financial health of people across the region. Specifically, the Singapore start-up wanted to identify common gaps around personal finance – from financial literacy, to...
Singapore Poultry Hub Pte Ltd announced in October 2019 their plans to set up the first smart and green factory for the poultry industry in Singapore using a $40 million loan secured from United Overseas Bank (UOB). The new factory is projected to help Singapore Poultry Hub improve their productivity by...
DBS Bank is collaborating with the Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS), to digitalise tax payouts and collections as part of the nation’s target to be cheque-free by 2025. Beginning this year, businesses have been able to use PayNow, DBS’...
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...
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,...
Singapore SMEs remain cautiously optimistic about business prospects in the next six months, with key economic sectors showing a slight uptick in reading, according to the latest SBF-Experian SME Index. The ongoing trade tensions between US and China has cast a shadow over the...
Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development inked two Memorandum of Understandings (MoUs) with Telekom Malaysia Berhad (TM) and Commerce.Asia respectively to complement SME Bank’s transformation agenda. Through the partnership, SME Bank aims to create the National...
The State Bank of India is planning to expand its market in Singapore by enhancing its relationship across small and medium enterprises (SMEs) some of which have strong footholds across Asia Pacific. Acknowledging the stiff competition from fintech companies, the SBI is also contemplating...
CIMB Bank Berhad and CapBridge Pte Ltd have signed a memorandum of understanding to facilitate capital raising and trading of shares for private companies through the CapBridge investment platform and the 1exchange private securities exchange. This MOU will see CIMB Bank and CapBridge collaborating to offer the...