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...
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 issued revised Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape. The revised Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial...
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems.   The first phase of the PayNow-DuitNow linkage will be launched in the fourth quarter of 2022....
This article was contributed by the Inland Revenue Authority of Singapore (IRAS). Corporate Income Tax (CIT) filing deadline is around the corner – all companies will need to file their CIT Returns (Form C-S/ Form C-S (Lite)/ Form C) for the Year of Assessment...
Singapore small business owners are dipping into their personal savings, increasing their prices, and not paying themselves to mitigate rising costs and make a profit, according to a new report from Xero. The report titled “Money matters: navigating the impact of economic conditions on...
OCBC Bank has offered targeted support measures to assist customers across its core markets that are affected by the COVID-19 outbreak. These include Singapore, Malaysia, China, Hong Kong and Macau. The tailored measures have been put in place to ensure that they are able to manage their...
Small businesses across ASEAN are counting on technology to help them overcome the impact of the COVID-19 pandemic on their operations. Technology was ranked the top investment priority for 2020 by two in three (64 per cent) small businesses, including those who currently have cash flow concerns.
Payoneer Inc., a global payment and commerce-enabling platform, has announced a multifaceted relationship with Mastercard. Beginning with the Payoneer Digital Purchasing Mastercard, targeted at SMBs, eCommerce sellers and freelancers worldwide, Payoneer and Mastercard will work closely to better meet the needs of the B2B market. This...
Launched in 2019, Clearly Basics is a medical grade skincare line combining pharmaceutical ingredients with botanicals, bringing the best from both worlds to its customers. Recognising the reality of Singapore as a small market, the company knew it needed to go outside the country in order to...