The 8th edition of the e-Conomy SEA report3 - Reaching new heights: navigating the path to profitable growth, released by Google, Temasek and Bain & Company shows that, despite global macroeconomic headwinds, the region’s gross merchandise value (GMV) continues an upward trajectory and is set to reach...
DBS Bank has completed the first trade financing settlement through through vCargo Cloud’s CamelONE Trade Finance portal (TFP) – with another two transactions slated to close in early March. The inaugural transaction relates to an SGD 4.8 million letter of credit transaction by homegrown steel wholesaler and...
Infor has announced its partnership with DBS Bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses. The two companies’ first joint program recently went live with one of the world’s largest global apparel companies, providing faster and more...
Six months into its launch, Maybank SME Digital Financing has approved RM1 billion of financing, benefitting more than 8,200 Small and Medium sized Enterprise (SME), of which 85% or 6,950 are start-ups & microenterprises. In addition, all applications that were eligible for instant decisions received their approval...
In the latest annual SME financing research conducted by Linkflow Capital, more than 60% of SMEs were not eligible for financing in 2021, a significant increase from 48% in 2020.According to Linkflow Capital, average loan quantum secured within their platform in 2021 fell to $224,398, a 28%...
Small and medium-sized enterprises (SMEs) in Singapore are already grappling with numerous headwinds - rising inflation, supply chain disruptions, geopolitical tensions, and the lingering effects of the pandemic, have significantly increased costs for businesses. What’s more, 7 in 10 Singapore SMEs are also anticipating a potential recession,...
Finance Minister Lawrence Wong delivered Singapore’s Budget 2024 on 16 February 2024. The budget comes after a difficult 2023 in whichthe international environment was troubled, the global economy was subdued and Singapore’s own economy grew by a modest 1.1%, fortunately avoiding a recession.
In...
To support the liquidity needs of small and medium-sized enterprises (SMEs), DBS Bank has launched a digital financing facility with Haier Group (Haier), a leading Chinese consumer electronics and home appliances enterprise, to enable its ecosystem of distributors to access lower cost financing for their purchase orders...
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...
ModuResources is an independent professional company that delivers services across the Well Lifecycle. With Well Engineering Services and Solutions, Rig Inspection services and solutions as well as training services as their main service streams, they serve a range of clients from Super-Major Oil companies, Majors, National Oil...
