Enterprise Singapore (ESG) and FairPrice Online, NTUC FairPrice’s e-commerce platform, today launched YummySG!, an online initiative that provides Singapore food manufacturers with an additional platform to diversify their revenue streams. This is part of ESG’s continuous efforts to support Singapore businesses to start selling...
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...
As the COVID-19 economy spurs businesses to increase their reliance of data analytics and business intelligence, employees face the pressure of keeping pace with the evolving workplace demands. A large majority of employees (92%) say that they could be able to do their job...
Despite four in five (81%) employers saying that workflow automation will enhance employees' work instead of replacing them, a number of challenges are still holding these organisations back. About two in three of them highlighted obstacles related to knowledge gaps such as 'a lack of background knowledge...
The Prime Ministers of Singapore and Australia jointly announced the conclusion of negotiations for the Singapore-Australia Digital Economy Agreement (DEA) during a videoconference on 23 March. The DEA will create an over-arching framework for deeper cooperation in the digital economy between both countries to shape international rules,...
On 1 November 2019, DBS Bank announced that it is making available a comprehensive suite of banking and professional services – at zero cost – that high-growth startups in the Software, Internet and Emerging Technology industries need. This is in recognition that Asia is...
The COVID-19 pandemic has caused unprecedented levels of business disruption. In Singapore, many businesses are struggling to cope with the lack of footfall islandwide as the city-state has gone into Phase 2 Heightened Measures to combat the spread of the virus. There is great...
The FinLab, United Overseas Bank’s (UOB) innovation accelerator, launched The FinLab Online on 23 June. This digital platform will help small- and medium-sized enterprises (SMEs) and start-ups across ASEAN implement digital solutions to transform their businesses. Since its launch in 2015, The FinLab has...
The “DBS Digital Treasurer 2020” survey has revealed that businesses in Indonesia ranked third in terms of digitalisation capability among Southeast Asian countries and ranked seventh across the Asia-Pacific.Polling around 1,700 corporate treasurers, CEOs, CFOs, and business owners across the Asia-Pacific (APAC), the survey showed that in...
In their annual SME financing research conducted by Linkflow Capital, SMEs continued to see improved access to financing in 2019. According to Linkflow Capital, up to 39% of SMEs gained access to financing in 2019. This figure has continued to improve since the company...