The COVID-19 pandemic is proving a challenging time for businesses, who have to contend with declining sales, social distancing requirements, and a global economic slowdown. In this climate, according to Ng Li Lian, Head of Business Banking, HSBC, “managing their cashflow and liquidity will be critical every...
DBS has introduced an automated supplier procure-to-pay solution for the construction sector developed by Singaporean fintech Doxa. Named Doxa Connex, the payments solution is a first for the sector in Singapore and it aims to help main contractors improve cashflow management with their suppliers as well as...
Infor has announced its partnership with DBS Bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses. The two companies’ first joint program recently went live with one of the world’s largest global apparel companies, providing faster and more...
Maybank and Credit Guarantee Corporation (CGC) have jointly launched SME Clean Loan/ Financing Plus, a hybrid loan facility which combines Overdraft and Term loan to assist SMEs in their cash flow management during these trying times. The SME Clean Loan/Financing Plus consists of a...
As part of DBS’ efforts to partner clients from key industries to transition to a low-carbon economy, DBS has published a Sustainable and Transition Finance Framework and Taxonomy. This will form the bedrock for DBS to engage with clients who are furthering their sustainability agenda.
Group President & CEO Datuk Abdul Farid Alias said that the Maybank Group will continue to place strong emphasis in operational resilience, creating digital solutions and supporting its customers to ensure their business viability, including the SME segment which is a critical component of the economy.
Small businesses across ASEAN are counting on technology to help them overcome the impact of the COVID-19 pandemic on their operations. Technology was ranked the top investment priority for 2020 by two in three (64 per cent) small businesses, including those who currently have cash flow concerns.
The COVID-19 outbreak has prompted Singaporeans to embrace more digital services when taking charge of their finances - and this is a shift that the majority believe will stick post-pandemic, a survey by personal finance website SingSaver found. Conducted in June, the survey analysed...
In their annual SME financing research conducted by Linkflow Capital, SMEs continued to see improved access to financing in 2019. According to Linkflow Capital, up to 39% of SMEs gained access to financing in 2019. This figure has continued to improve since the company...
The COVID-19 pandemic has severely crippled the global economy. While social distancing measures have been vital to securing people's lives and enabling effective governmental responses to the pandemic, SMEs around the world have been hit hard by these necessary measures. Social distancing measures put...