Coupa Software, a global technology platform for Business Spend Management, announced on 10 June the results of a global study of more than 650 financial leaders. The survey, sponsored by Coupa found that the majority (87%) of respondents believe a recession is likely, with more than half (53%) expecting...
The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) have launched the linkage of Singapore’s PayNow and Thailand’s PromptPay real-time retail payment systems.
The linkage is the culmination of several years of extensive collaboration between MAS and BOT, both countries’ payment...
UOB The FinLab has unveiled The Greentech Accelerator, a new, global programme aimed at supporting innovative greentech solution providers regionally and globally to drive their company’s sustainable mission forward. As part of the first cohort, the programme will focus on greentech solutions including energy efficiency; zero-waste supply chain;...
Stripe has published a report exploring how digital trade is reshaping the global economy. It finds that consumers and businesses are optimistic about the globalized economy, with businesses looking to expand into new international markets, and consumers increasingly willing to purchase cross-border goods and services online.
Asia Pacific travellers prefer using credit, debit and prepaid cards as payment method when travelling, according to the latest findings from Visa's latest Global Travel Intentions (GTI) study, underlining consumers' growing reliance on digital payment methods.
The number of travellers bringing cash on their trips...
Asian Development Bank (ADB) President Masatsugu Asakawa and Singapore Deputy Prime Minister and Minister for Finance Heng Swee Keat officially opened ADB’s new office in Singapore on 5 March 2020, deepening efforts to collaborate on some of the most pressing development challenges facing Asia and the Pacific....
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...
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 pandemic has revealed the importance of a deliberate, digital-focused invoice management strategy to build stronger resiliency. Such a strategy can improve business clarity, reduce delays and errors caused by manual data entry, and free up cash for the business especially in crucial times.
Like all businesses hit by the pandemic, small and medium enterprises (SMEs) in Southeast Asia have had to adapt to survive the unexpected disruption. From retailers to food outlets, many moved to online channels, while others looked to digital technologies to better optimize operations and keep their...
