Finance

Battling the economic fallout from the COVID-19 pandemic has taken a toll on entrepreneurs, especially those heading micro and small enterprises. A DBS survey showed that over eight in ten owners of micro and small businesses have made personal sacrifices to keep the lights on amid the...

Small- and medium-sized enterprises (SMEs) in Singapore want continued financial support from the Budget 2021 to help them to retain their employees while they continue to build back their businesses, according to the UOB SME Outlook 2021 Study. More than half of SMEs want...

In the annual SME financing research conducted by Linkflow Capital, an SME loan consultancy firm, more than half of SMEs experienced improved access to financing in 2020, a significant increase from 39% in 2019. According to Linkflow Capital, up to 52% of SMEs were...

The Monetary Authority of Singapore (MAS) has issued revised Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape. The revised Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial...

The Singapore Business Federation (SBF) SME Committee (SMEC) submitted its recommendations for the Singapore Budget 2021 to our Government on 30 November 2020.Budget 2021 RecommendationsFor Budget 2021, the SBF SMEC has put forth six key recommendations to help companies gain access to necessary resources, build resilience to...

The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have commenced discussions to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana. These discussions on close cooperation will benefit the small and medium-sized enterprises (SMEs) and...

OCBC Bank has developed a framework – the OCBC SME Sustainable Finance Framework – that makes it simpler and less costly for Singapore small and medium enterprises (SMEs) to access sustainable financing of up to S$20 million to accelerate their sustainability plans. SMEs will no longer...

Salesforce has partnered with SBF for the Salesforce Small Business Relief Grants Programme to support selected Singapore-registered small and medium-sized enterprises (SMEs). Applications for the grant opened on 23 November 2020.In partnership with SBF, Salesforce is offering S$960,000 in cash grants to selected SMEs to aid their...

The Monetary Authority of Singapore (MAS) has announced the launch of a S$35 million Productivity Solutions Grant (PSG) for the financial services sector to help smaller financial institutions adopt digital solutions for more streamlined data reporting to MAS. The grant is currently applicable to...

Tax procedures and policies can often be difficult for the average small business to navigate. The Singapore government has deployed considerable personnel as well as technological resources to make the SME's tax filing procedures less cumbersome over the years. In this interview, we talk...