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...
DBS Bank has completed the first trade financing settlement through through vCargo Cloud’s CamelONE Trade Finance portal (TFP) – with another two transactions slated to close in early March. The inaugural transaction relates to an SGD 4.8 million letter of credit transaction by homegrown steel wholesaler and...
On 4 November 2019, OCBC announced that start-ups
can now open an OCBC business banking account in Singapore immediately after
incorporation, rather than experiencing the typical one day wait. This is made
possible through an Application Programming Interface (API) between OCBC Bank
and global information services provider, Experian. Once a business...
In the latest annual SME financing research conducted by Linkflow Capital, more than 60% of SMEs were not eligible for financing in 2021, a significant increase from 48% in 2020.According to Linkflow Capital, average loan quantum secured within their platform in 2021 fell to $224,398, a 28%...
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...
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and World Economic Forum (the Forum) have signed a Memorandum of Understanding to collaborate on initiatives to advance digital inclusion through financial services, with the aim of reducing inequalities for people and smaller businesses in emerging and...
Singapore has taken several measures to beef up cybersecurity after attacks in recent years.
A new multi-year roadmap is underway to identify next generation cyber-threats and develop the solutions and capabilities needed to secure Singapore’s connectivity infrastructure.
This was announced by...
Talk of a global recession has been hogging headlines and conversations. In Singapore, the latest data from the Ministry of Trade and Industry showed the local economy shrinking 0.4% from the previous quarter, triggering comments from analysts that a potential technical recession is on the way.
Finance Minister Lawrence Wong delivered Singapore’s Budget 2024 on 16 February 2024. The budget comes after a difficult 2023 in whichthe international environment was troubled, the global economy was subdued and Singapore’s own economy grew by a modest 1.1%, fortunately avoiding a recession.
In...
hoolah, Asia’s omni-channel Buy Now Pay Later (BNPL) ecosystem has announced a regional partnership with ASUS, that enables their customers to make deferred payments. This marks ASUS’s first Buy Now Pay Later partnership in Asia, beginning at all ASUS physical and online retail stores in Singapore, with...
