EDB New Ventures, the corporate venture building arm of the Singapore Economic Development Board (EDB), today announced the launch of the Corporate Venture Launchpad (CV Launchpad). The $10 million pilot programme supports large and established Singapore-based companies in building ventures in new growth areas beyond their existing...
The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) have launched the linkage of Singapore’s PayNow and Thailand’s PromptPay real-time retail payment systems. The linkage is the culmination of several years of extensive collaboration between MAS and BOT, both countries’ payment...
Green shoots in Healthcare and Transport & Storage, which emerged in 3Q and 4Q 2020, continue to gain momentum in 1Q 2021 and lead the broad-based recovery for SMEs across industries. SME cashflows largely returned to pre-Circuit Breaker levels in 1Q 2021, though challenges...
Six months into its launch, Maybank SME Digital Financing has approved RM1 billion of financing, benefitting more than 8,200 Small and Medium sized Enterprise (SME), of which 85% or 6,950 are start-ups & microenterprises. In addition, all applications that were eligible for instant decisions received their approval...
The Monetary Authority of Singapore (MAS) has launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. The rapid growth of digital solutions has helped enhance the economic and social well-being of millions...
Salesforce and the Singapore Business Federation (SBF), have announced the 120 successful recipients of the Salesforce Small Business Relief Grants Programme. Each recipient will receive a one-off cash grant of S$8,000 to address their immediate cash flow needs, preserve jobs, and embark on initiatives during this challenging...
In recent years, the Southeast Asian financial industry has been witnessing radical changes due to the numerous innovations driven by fintech companies to improve financial services. According to a study conducted by Google, Temasek, and Bain & Company, the region's emerging economies will likely reach a combined...
Payoneer Inc., a global payment and commerce-enabling platform, has announced a multifaceted relationship with Mastercard. Beginning with the Payoneer Digital Purchasing Mastercard, targeted at SMBs, eCommerce sellers and freelancers worldwide, Payoneer and Mastercard will work closely to better meet the needs of the B2B market. This...
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...
Xero Limited has announced the acquisition of Planday, a leading workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs. Aligned with Xero’s strategic priority to grow...