Good news for SMEs in Singapore. The government has set aside an additional S$100 million (US$74 million) for small and medium-sized enterprises (SMEs). This was announced by finance minister Heng Swee Keat in Parliament during his annual budget speech. The fund, dubbed SME Co-Investment Fund III, will...
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 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...
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 Government has enhanced its support measures for businesses and individuals during the Phase 2 (Heightened Alert) period, having taken into consideration feedback from businesses, union leaders and workers. The package of support measures will comprise enhancements to the Jobs Support Scheme (JSS)...
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...
Singapore-based fintech solutions provider, InfoCorp, has launched the Sentinel Chain Consortium Programme to onboard strategic fintech and agritech partners onto Sentinel Chain - the world's first international platform to accept the use of livestock as collateral via a consortium blockchain. Southeast Asia’s poultry production...
In a bid to provide a higher level of security to customers, Singapore’s DBS Bank has launched digital tokens for more than 200,000 of its corporate and SME customers on DBS IDEAL, the bank’s online banking platform for corporate and SME customers.  According to...
Despite weathering some of the most challenging times ever faced in their entrepreneurial journey, Singapore’s SME community remains undaunted, with three-quarters of SME owners saying that they continue to be ‘optimistic’ and ‘determined’ to face the road ahead. However, in a sign of creeping...
Advancing Singapore’s trade digitalization agenda, DBS Bank, in collaboration with Audi Singapore (Audi) and Audi’s local distributor, Premium Automobiles (Premium), completed in early February 2020 the first trade financing transaction on Singapore’s Networked Trade Platform (NTP). The inaugural trade relates to a SGD3.5 million...