Finance

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...

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...