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...
The Inland Revenue Authority of Singapore (IRAS) partnered with the tax community and government agencies to simplify Corporate Income Tax (CIT) Filing 2021 for companies. With the new initiatives, companies and tax agents can further reduce the time they take to file CIT this year.
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...
DBS Bank joined Contour’s network on 11 May 2020, growing the number of banks on the blockchain platform driving a collective effort to digitalise global trade.
Built on R3’s Corda, Contour’s network focuses on digitalising processes, including the creation, exchange, approval and issuance of letter of credits...
The Monetary Authority of Singapore (MAS) has launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world.
The rapid growth of digital solutions has helped enhance the economic and social well-being of millions...
Singapore has taken several measures to beef up cybersecurity after attacks in recent years.
A new multi-year roadmap is underway to identify next generation cyber-threats and develop the solutions and capabilities needed to secure Singapore’s connectivity infrastructure.
This was announced by...
The Government has enhanced its support measures for businesses and individuals during the Phase 2 (Heightened Alert) period, having taken into consideration feedback from businesses, union leaders and workers.
The package of support measures will comprise enhancements to the Jobs Support Scheme (JSS)...
Advancing Singapore’s trade digitalization agenda, DBS Bank, in collaboration with Audi Singapore (Audi) and Audi’s local distributor, Premium Automobiles (Premium), completed in early February 2020 the first trade financing transaction on Singapore’s Networked Trade Platform (NTP).
The inaugural trade relates to a SGD3.5 million...
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,...
