Recognising the important role that social enterprises (SEs) play in creating positive impact in society – whether by hiring disadvantaged members of society or solving societal problems – DBS has announced a slew of proactive measures to beef up support for this sector. They...
Proxtera, a network of business-to-business (B2B) marketplaces that facilitates cross-border trade for small-medium enterprises (SME), and Tazapay, a digital escrow service for cross-border trade,  have announced their partnership to launch Proxtera Protect, Powered by Tazapay to provide international buyers and sellers with a secure and protected payment service to streamline global...
A survey conducted by Maybank involving its SME customers has revealed that 67% of the respondents have successfully leveraged digital technology into their sales platform during the Movement Control Order (MCO) 3.0. The survey respondents made up 84% of Maybank’s borrowing SME customers and are from sectors...
OCBC Bank leveraged Singapore Customs’ electronic Banker’s Guarantee program which was launched on 2 March, issuing an electronic banker’s guarantee (eBG) to Singapore Customs on behalf of vCargo Cloud, an Infocomm Technology solution and service provider that performs customs declaration services for forwarders and shippers.
DBS has introduced an automated supplier procure-to-pay solution for the construction sector developed by Singaporean fintech Doxa. Named Doxa Connex, the payments solution is a first for the sector in Singapore and it aims to help main contractors improve cashflow management with their suppliers as well as...
Green shoots in Healthcare and Transport & Storage, which emerged in 3Q and 4Q 2020, continue to gain momentum in 1Q 2021 and lead the broad-based recovery for SMEs across industries. SME cashflows largely returned to pre-Circuit Breaker levels in 1Q 2021, though challenges...
Johnson Controls  has announced findings from its 15th annual Energy Efficiency Indicator Survey, which revealed that 62 percent of organizations surveyed expect to increase investments in energy efficiency, renewable energy, or smart building technology in 2022, indicating a return to pre-pandemic levels. The latest...
On 21 April 2020, the Multi-Ministry Taskforce announced that it would extend the circuit breaker period until 1 Jun 2020 (inclusive), and put in place enhanced circuit breaker measures minimally for a two-week period from 21 April 2020 until 4 May 2020 (inclusive).
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...
While the pandemic has presented unprecedented challenges and disruption to the global business environment, it has also opened up possibilities for companies that position themselves to seize them. Key to weathering the disruptions and realising growth plans are strong and agile financial foundations. One...