The 11th APAC Small Business Survey conducted by CPA Australia reveals that 44 per cent of small businesses in Hong Kong had sought external funds for survival in 2019, while 25 per cent of respondents experienced difficulties in paying debts last year and 29 per cent expected the difficulty...
The Monetary Authority of
Singapore (MAS) and the Bank for International Settlements (BIS) launched the
BIS Innovation Hub Centre in Singapore in November 2019. This is the BIS’s
first expansion of its global footprint in 17 years.
The BIS Innovation Hub will foster innovation and greater collaboration among the central banking community...
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and World Economic Forum (the Forum) have signed a Memorandum of Understanding to collaborate on initiatives to advance digital inclusion through financial services, with the aim of reducing inequalities for people and smaller businesses in emerging and developing economies.
The...
CIMB Islamic Bank Berhad (“CIMB
Islamic”) unveiled late last year an initiative in support of small and medium
enterprises (SMEs) in Malaysia looking to grow their business in the global
halal market.
Through CIMB HalalBizReady, the
proposition provides financing packages that help businesses become compatible
with the requirements of halal certification whether by getting...
IFS has shared the latest findings of its recent global research polling 2,000 senior decision-makers – VP and above – in France, Germany, Japan, Nordics, UK, USA and the UAE –across Manufacturing, Services, Telecoms, Energy & Resources, Construction & Engineering, and A&D industries.
In its last overview, the company highlighted the overarching dependence on AI to create and accelerate business value from servitization.
The survey points to specific executives...
Finance Minister Lawrence Wong delivered Singapore’s Budget 2024 on 16 February 2024. The budget comes after a difficult 2023 in whichthe international environment was troubled, the global economy was subdued and Singapore’s own economy grew by a modest 1.1%, fortunately avoiding a recession.
In the year ahead, Minister Wong noted...
The Infocomm Media Development Authority (IMDA) partnered industry players and successfully executed a live shipment from Singapore to Thailand during Q1 2023.
This fully paperless, live cross-border trade involved the use of an ETR, that is functionally equivalent to a paper Bill of Lading (BL) using Singapore’s TradeTrust framework.
Pioneered by...
As part of DBS’ efforts to partner clients from key industries to transition to a low-carbon economy, DBS has published a Sustainable and Transition Finance Framework and Taxonomy. This will form the bedrock for DBS to engage with clients who are furthering their sustainability agenda.
The taxonomy will serve as...
In Budget 2024, which comes after a difficult year and anticipates the challenging global situation ahead, the government continues its efforts to develop local enterprises, equip workers for life, and also create pathways for equity and mobility.
Developing local enterprises
Minister Wong reaffirmed the commitment to continue investing and strengthening local...
Coupa Software, a global technology platform for Business Spend Management, announced on 10 June the results of a global study of more than 650 financial leaders. The survey, sponsored by Coupa found that the majority (87%) of respondents believe a recession is likely, with more than half (53%) expecting it to...
