Finance

Singapore Management University (SMU) and Citi Ventures have signed a Memorandum of Understanding (MOU) to offer the Citi® University Partnerships in Innovation & Discovery (CUPID) programme to SMU’s students. Participating students will get to earn one credit unit towards their undergraduate degree upon successful completion of the...

The latest MyExpatriate Market Pay survey published annually by ECA International, a human resources consultancy has revealed that expatriate pay packages in Singapore rose by US$ 13,163 in 2018 to a total of US$ 236,258, including an average cash salary of US$ 90,170. When...

Global small business platform Xero has revealed that a total of S$4.1 billion worth of invoices were paid late to small businesses in Singapore in 2018. Data from the platform also indicated that last year only 39% of payments to Singapore small businesses...

Asset-based finance (ABF) software company HPD LendScape has opened its first Asian office in Singapore. To mark the opening, the company, together with FCI – a global network of commercial ABF providers – will hold a half-day receivables finance workshop in Singapore with over 30 regional and global banks...

The Asian Development Bank (ADB) has received $12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses. The grant—one of three awarded under the inaugural call for proposals—enhances ADB’s support...

In a bid to provide a higher level of security to customers, Singapore’s DBS Bank has launched digital tokens for more than 200,000 of its corporate and SME customers on DBS IDEAL, the bank’s online banking platform for corporate and SME customers.  According to...

Enterprise Singapore is focusing on strengthening the startup ecosystem in Singapore by working with global and local partners. This supports the national Research, Innovation and Enterprise 2020 Plan to build a strong core of innovative enterprises and startups to capture global opportunities and create high value jobs...

Singapore's InsurTech startup PolicyPal has rolled out an Employee Benefits digital portal, PolicyPal Business dedicated to offering direct group insurance online. The digital portal aims to mitigate the shortcomings of traditional Employee Benefits processes. More than 1,500 employees in small and medium Enterprises (SMEs) and startups are...

Singapore-based peer-to-business (P2B) lending platform Validus Capital has set up shop in Indonesia through its subsidiary Batumbu, in partnership with Indonesia’s Triputra Group.  Validus targets small and medium enterprises (SMEs) while Batumbu connects SMEs in Indonesia with accredited, institutional, and high net worth investors to provide loans...

Xero, the global small business platform, has teamed up with the Association of Chartered Certified Accountants (ACCA) Singapore to support their mission to empower accountants. Through this partnership, accountants will learn how to leverage technology to grow their practices and that of their small business clients through...