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...
The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively, AMTD) announced on 13 May the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant (the Grant) to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID-19...
Deskera, Asia's leading Cloud-based platform, and Funding Societies, Southeast Asia's largest Peer-to-Peer (P2P) financing platform, is entering into a partnership with the aim to support underserved SMEs by providing alternative financing solutions. With the two organisations working together, SMEs will also be able to take a step...
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...
This article was contributed by the Inland Revenue Authority of Singapore (IRAS).
As the Goods and Services Tax (GST) will be raised from 7% to 8% with effect from 1 Jan 2023, the Inland Revenue Authority of Singapore (IRAS) encourages all GST-registered businesses to...
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;...
The Inland Revenue Authority of Singapore (IRAS) takes a serious view of employers who attempt to abuse the Jobs Support Scheme (JSS) and Jobs Growth Incentive (JGI). For the March 2021 JSS and JGI payouts, IRAS has withheld $85 million from 2,600 employers for further checks.
Payoneer Inc., a global payment and commerce-enabling platform, has announced a multifaceted relationship with Mastercard. Beginning with the Payoneer Digital Purchasing Mastercard, targeted at SMBs, eCommerce sellers and freelancers worldwide, Payoneer and Mastercard will work closely to better meet the needs of the B2B market.
This...
Google, Temasek and Bain & Company have released the 8th edition of the e-Conomy SEA report3 - Reaching new heights: navigating the path to profitable growth. The report shows that, despite global macroeconomic headwinds, the region’s gross merchandise value (GMV) continues an upward trajectory and is set...
