DBS announced on 13 February that it will introduce a range of liquidity relief measures and other initiatives to help businesses, retail customers and communities impacted by the COVID-19 situation.
Liquidity relief
package for SMEs
In early February, DBS
conducted a dipstick
poll of about...
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...
In Southeast Asia, about 70% of SMEs (small and medium enterprises) started their business with seed money raised from their personal savings and from family and friends' financial support – particularly in Indonesia, Malaysia and Singapore. This finding stood out from a report published by Funding Societies.
Funding from...
With prolonged global trade disruptions accelerating the demand for digital services to strengthen supply chains, DBS has increased efforts on digitalising financing capabilities offered through trade platforms, potentially benefiting more than 15,000 SMEs across Asia by end 2022.According to the DBS Digital Readiness Survey, 97% of businesses...
United Overseas Bank (UOB) announced on 26 November its
collaboration with three homegrown solar companies, SolarGy, SolarPVExchange
and Sunseap Group, to accelerate the use of solar energy in Singapore.
The tie-up is part of the Bank’s U-Solar program which
connects the entire solar power value chain...
Small and medium businesses need to jump on to the mobile payments bandwagon in order
to gain a competitive edge over larger firms.
A recent survey conducted by US-based financial services corporation Visa, indicates that
customers worldwide prefer to pay with credit cards or mobile devices. According to the
survey titled Digital Transformations...
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...
Come 30 June 2020, OCBC Bank expects the quantum of the government-assisted SME loans it lends out to help small businesses during the COVID-19 pandemic to hit the S$1 billion mark. This fully utilises the support given by the Monetary Authority of Singapore under its low-cost SGD...
As countries across ASEAN reopen their borders and reinstate quarantine-free travel, business optimism among small and medium-sized enterprises (SMEs) is steadily growing.
A survey of 1,500 ASEAN SMEs conducted by UOB, Accenture and Dun & Bradstreet found that 55 per cent of them are...
