COVID-19 containment measures around the world have impacted both national and international supply chains and trade. Responses to the 2020 Atradius Payment Practices Barometer (PPB) survey in Asia suggest the resulting delays in payments are largely being financed by suppliers as the use of trade credit and, along with...
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...
Venture investments in Singapore are reported to grow despite a
slowing economy. Overall, a total amount of S$13.4 billion (+36%) was
invested in startups across 437 deals from January to September 2019.
Emerging interest in Deep tech startups
Notably, Enterprise Singapore saw investments...
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions1 to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS (Quick...
Small and medium sized enterprises (SMEs) which make up the backbone of Singapore’s economy are increasingly turning to digital transactions to collect money from their customers.DBS has seen a 70% increase in digital transactions from its SME customers and 25% increase in transaction value since the bank...
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 Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development inked two Memorandum of Understandings (MoUs) with Telekom Malaysia Berhad (TM) and Commerce.Asia respectively to complement SME Bank’s transformation agenda. Through the partnership, SME Bank aims to create the National...
Hong Kong-based finance advisory company Index-Asia has partnered with local financial consultancy firm UpSmart Strategy Consulting to help Philippine startups, small and medium enterprises (SMEs) and family businesses strengthen their capital-raising strategies.
The two companies said their partnership aimed to “create a growth strategy and structure their transactions and...
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems.
The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022....
Zeller has unveiled new findings from the first Zeller Small Business Resilience Report. The report, collated from the responses from over 600 Australian small businesses, reveals insights into how business owners are impacted by, and are responding to, challenging economic conditions.
The report sheds...
