The Accounting and Corporate Regulatory Authority (ACRA) and the Inland Revenue Authority of Singapore (IRAS) have partnered accounting software providers to co-create a new digital solution that allows SMEs to automate the preparation and filing of statutory returns with IRAS and ACRA seamlessly.
This...
As Singapore re-opened her economy, government measures have shifted from containment to restructuring, while continuing support for Singaporeans, workers, and businesses. Broad-based support has transitioned into more targeted efforts for firms, especially those in the hardest-hit sectors. At the same time, measures were introduced to preserve core...
According to SBF’s latest National Business Survey (NBS) 2021/2022, businesses in Singapore are more optimistic compared to last year despite the continued challenges posed by COVID-19.The survey, conducted from 26 July 2021 to 1 October 2021, received responses from 1,096 companies across all key sectors and covered...
Ransomware, phishing, and malware attacks have unfortunately become a harsh reality for small and medium-sized enterprises (SMEs), that do not have the resources for stringent cybersecurity defences.
As cybercrime becomes more professional and automated, cyber-attacks can be potentially deadly for SMEs who risk losing...
New research from Xero has revealed that 89% of small business owners in Singapore are concerned about AI development and adoption is outpacing regulation, as generative AI tools permeate various industries and the workforce.
Xero’s Future Focus AI research surveyed over 3,000 small business owners...
The Singapore Economic Development Board (EDB) secured investment commitments in 2019 that exceeded its forecast for the year, reflecting companies’ confidence in Singapore despite global uncertainties. These amounted to S$15.2 billion in Fixed Asset Investments (“FAI”) and S$9.0 billion in Total Business Expenditure per annum (“TBE”) in...
DBS has approved over 3,500 loans totalling over SGD 1.1 billion for micro and small enterprise customers during the COVID-19 period, under Enterprise Singapore’s financing schemes.
This accounts for eight in ten of all Government-assisted SME loans that the bank has approved between the...
DBS and the Singapore Tourism Board (STB) have announced a three-year Memorandum of Understanding to stimulate domestic tourism demand in the immediate term, as well as drive cross-border demand and catalyse tourism industry development in the mid- to long-term.
The partnership, a first-of-its-kind collaboration between STB and a local bank, will leverage...
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)...
Minister-in-charge of Trade Relations S Iswaran and French Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester have signed the France-Singapore Digital and Green Partnership (DGP) at a virtual signing ceremony.
The DGP provides a structured platform for France and Singapore to cooperate...
