As countries across ASEAN reopen their borders and reinstate quarantine-free travel, business optimism among small and medium-sized enterprises (SMEs) is steadily growing.
A survey of 1,500 ASEAN SMEs conducted by UOB, Accenture and Dun & Bradstreet found that 55 per cent of them are...
Funding Societies, a SME digital financing platform, announced that it has achieved S$2 billion in disbursals of business financing to small and medium sized enterprises across the region. This milestone comes as the platform enters its sixth year of operations.
The amount is partly crowdfunded by over...
Funding Societies has announced the launch of Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Singapore. This will close the 80% corporate credit card gap in the country's MSME sector, which currently sees many business directors take on personal liabilities on their own credit cards in...
The COVID-19 pandemic is proving a challenging time for businesses, who have to contend with declining sales, social distancing requirements, and a global economic slowdown. In this climate, according to Ng Li Lian, Head of Business Banking, HSBC, “managing their cashflow and liquidity will be critical every...
The Curtain Boutique was founded in 2012 as a two-man roaming team. Today, the pioneering local curtains, blinds and ziptrack retailer has become one of the top 100 fastest-growing companies in Singapore, with 70 employees, spanning across two showrooms and an operations HQ office.
According...
United Overseas Bank (UOB) announced on 4 November the launch of UOB mCollect, a QR-based collections solution that digitalizes the cash-on-delivery model. With UOB mCollect, businesses will be able to collect payments from their buyers via PayNow at the point of delivery, helping them reduce the risk...
UOB’s flagship ASEAN Consumer Sentiment Study (ACSS) 2023 has found that rising inflation and increased expenses fuelled fears of an economic downturn in ASEAN, while adoption and usage of digital banking and payment channels saw ebullient growth.
Over 70 per cent of respondents of...
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)...
In a significant revamp of accountancy regulations, auditors will come under greater scrutiny according to new proposals put forward by the Singapore Exchange Regulation (SGX RegCo). The latter will order a second audit on listed companies with clean audits if something does not seem right.
