Singapore is often lauded as a food paradise. Yet, according to the Singapore Food Agency, the country imports more than 90% of its food, making it vulnerable to food supply chain disruptions that could occur due to global factors such as climate change, disease outbreaks, geopolitical developments...
The Singapore Environment Council (SEC) announced on 19 March 2020 that Small and Medium Enterprises (SME) holding its internationally recognized certification, the Singapore Green Labelling Scheme (SGLS), and Eco Certifications can now apply for financing with HSBC SME Green Loan (Green Loan). The...
More than 500 small and medium-sized enterprises (“SMEs”) in Singapore have gained access to new overseas markets digitally, through digital platforms under the Grow Digital initiative. Sales by Singapore companies to overseas buyers using the platforms have been brisk, growing by at least 10...
OCBC Bank has developed a framework – the OCBC SME Sustainable Finance Framework – that makes it simpler and less costly for Singapore small and medium enterprises (SMEs) to access sustainable financing of up to S$20 million to accelerate their sustainability plans. SMEs will no longer...
More IP resources have been announced for enterprises to grow their businesses and emerge stronger from the pandemic. This was announced by Minister for Culture, Community and Youth and Second Minister for Law Mr Edwin Tong at the launch of the annual Intellectual Property Week (IP Week @ SG...
COVID-19 has exacerbated income inequalities and social disparities across Asia, serving as a force multiplier for trends already in place. A new social impact study released by the Centre for Asian Philanthropy and Society (CAPS) shows how to maximize philanthropic and policy responses to cope...
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) has launched a cross-border QR code payment linkage between Singapore and Malaysia. This payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.
According to Cisco’s APAC SMB Digital Maturity Index 2019, Singapore is ranked the highest in the digital maturity of its SMBs, positioning the country ahead of Japan, South Korea, ANZ and Greater China. However, reminds Bidhan Roy, Head of Small Business for APJC at Cisco,...
Come 30 June 2020, OCBC Bank expects the quantum of the government-assisted SME loans it lends out to help small businesses during the COVID-19 pandemic to hit the S$1 billion mark. This fully utilises the support given by the Monetary Authority of Singapore under its low-cost SGD...
The Singapore Business Federation (SBF) hosted a dialogue session with Minister for Trade and Industry Chan Chun Sing and Mr Tan Chong Meng, Co-Chairman of the Future Economy Council (FEC)’s Emerging Stronger Taskforce (EST), on 14 August. Participants included members of the SBF Council and leaders of...