United Overseas Bank (UOB) announced on 21 April that it will be offering pre-approved loans of up to S$200,000 to help ease the short-term liquidity woes of its small business customers impacted by the COVID-19 pandemic. With small businesses making up two in three...
On 21 April 2020, the Multi-Ministry Taskforce announced that it would extend the circuit breaker period until 1 Jun 2020 (inclusive), and put in place enhanced circuit breaker measures minimally for a two-week period from 21 April 2020 until 4 May 2020 (inclusive).
To support the liquidity needs of small and medium-sized enterprises (SMEs), DBS Bank has launched a digital financing facility with Haier Group (Haier), a leading Chinese consumer electronics and home appliances enterprise, to enable its ecosystem of distributors to access lower cost financing for their purchase orders...
OCBC Bank has become the first financial institution to bring Google Pay’s peer-to-peer (P2P) funds transfer service to Singapore. Singapore is currently the third country aside from the United States and India where this service is available. With the integration of the Google...
The 11th APAC Small Business Survey conducted by CPA Australia reveals that 44 per cent of small businesses in Hong Kong had sought external funds for survival in 2019, while 25 per cent of respondents experienced difficulties in paying debts last year and 29 per cent expected...
DBS announced on 3 April that it will introduce a third round of liquidity relief measures to help individuals and SMEs impacted by the COVID-19 pandemic. These measures closely follow the guidelines as set out in the relief package for borrowers announced by the Monetary Authority of...
Standard Chartered (the Group) announced its launch of a USD50 million global fund providing assistance to those affected by the COVID-19 pandemic. The Group will immediately donate $25 million to support emergency relief in our most affected markets. The additional $25 million will help communities over...
The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), announced on 31 March a package of measures to help ease the financial strain...
Even as Singapore pushes to become cheque-free by 2025, cash cheques continue to be used by small and medium-sized enterprises (SMEs), typically to pay staff salaries, get cash for daily business operations or pay vendors for services rendered. While cheque usage by OCBC...
The Singapore Environment Council (SEC) announced on 19 March 2020 that Small and Medium Enterprises (SME) holding its internationally recognized certification, the Singapore Green Labelling Scheme (SGLS), and Eco Certifications can now apply for financing with HSBC SME Green Loan (Green Loan). The...