Singapore SMEs remain cautiously optimistic about business prospects in the next six months, with key economic sectors showing a slight uptick in reading, according to the latest SBF-Experian SME Index. The ongoing trade tensions between US and China has cast a shadow over the...
Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development inked two Memorandum of Understandings (MoUs) with Telekom Malaysia Berhad (TM) and Commerce.Asia respectively to complement SME Bank’s transformation agenda. Through the partnership, SME Bank aims to create the National...
The State Bank of India is planning to expand its market in Singapore by enhancing its relationship across small and medium enterprises (SMEs) some of which have strong footholds across Asia Pacific. Acknowledging the stiff competition from fintech companies, the SBI is also contemplating...
CIMB Bank Berhad and CapBridge Pte Ltd have signed a memorandum of understanding to facilitate capital raising and trading of shares for private companies through the CapBridge investment platform and the 1exchange private securities exchange. This MOU will see CIMB Bank and CapBridge collaborating to offer the...
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...
Accelerating Asia (AA), a regional network of startup programs and an early-stage venture capital fund headquartered in Singapore, has announced the launch of its inaugural accelerator cohort. The program aims to identify and fast-track the development of seed-stage startups in Asia. AA is an independent startup accelerator...
Small and medium sized enterprises (SMEs) which make up the backbone of Singapore’s economy are increasingly turning to digital transactions to collect money from their customers.DBS has seen a 70% increase in digital transactions from its SME customers and 25% increase in transaction value since the bank...
UOB and Mastercard have launched a credit card designed for small- and medium-sized enterprises (SMEs). In creating the card, Mastercard and UOB conducted face-to-face interviews and surveys with senior executives in SMEs to have a deeper understanding of how commercial cards can enable them...
WeWork unveiled Singapore findings from its 2019 Global Impact Report  that assesses WeWork’s economic ripple effect for people and businesses, neighborhoods, and cities in 75 cities around the world. WeWork is an American company that provides shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small...
Singapore’s Ministry of Trade and Industry (MTI) has downgraded the Singapore’s GDP growth for 2019 at 1.5 to 2.5 per cent. In the last Economic Survey of Singapore published in February, MTI highlighted that growth in most of the key advanced and regional economies...