In Southeast Asia, about 70% of SMEs (small and medium enterprises) started their business with seed money raised from their personal savings and from family and friends' financial support – particularly in Indonesia, Malaysia and Singapore. This finding stood out from a report published by Funding Societies.
Funding from traditional banks consists of 23% while...
Singapore businesses have a cautious economic outlook, as new data from Airwallex reveals that 7 in 10 small and medium-sized enterprises (SMEs) here are bracing for a potential recession within the next two years.
The independent research considered the challenges SMEs in Singapore would face amid the current economic uncertainty, how...
More than half (51%) of businesses in the Asia Pacific (APAC) region surveyed in a Vodafone Business study have adopted Generative AI, exceeding the global average of 45%. Singapore tops global Generative AI adoption, with 59% of businesses surveyed reporting use.
The study, developed in partnership with the London School of...
Barracuda has published a research report, entitled ‘SMB cyber resilience in Japan: Navigating through doubt to an AI-powered future,’ that explores the perceptions, concerns, and applications of AI among small to medium-sized businesses (SMBs) in Japan.
The findings show that Japanese businesses are optimistic about the potential benefits of artificial intelligence (AI),...
In a bid to provide a higher level of security to customers, Singapore’s DBS Bank has launched digital tokens for more than 200,000 of its corporate and SME customers on DBS IDEAL, the bank’s online banking platform for corporate and SME customers.
According to Raof Latiff, Head of Digital, Institutional...
CIMB Bank Berhad and CapBridge Pte Ltd have signed a memorandum of understanding to facilitate capital raising and trading of shares for private companies through the CapBridge investment platform and the 1exchange private securities exchange. This MOU will see CIMB Bank and CapBridge collaborating to offer the Bank’s customers...
At Singapore Fintech Festival 2019, held at The EXPO from 11-15 November 2019, a number of international experts of diverse background and experience shared their views on the Blockchain technology.
One speaker was Mr Victor Vu, Head of Research and Development of CSE Technology, a Singaporean company that has developed a proprietary CSE...
As Singapore inches out of the pandemic, the job market continues to witness an encouraging recovery pattern with an 11% increase in hiring activity in the month of April, reports the Monster Employment Index (MEI).
The country seems to have increasingly shrugged off the adverse effects of the pandemic with the pace...
According to Forrester's 2023 Planning Guides business leaders who plan for "business as usual" modest spending increases in the year ahead will fall short.
Indeed, due to an unpredictable and turbulent economy, leaders will need to tackle planning with discipline and precision in order to trim waste, experiment, and make bold, smart...
A recently launched accelerator programme in Singapore aims to help startups and small and
medium enterprises (SMEs) from Brunei to expand to Southeast Asia. The programme, Start-Up Boot Camp, has been launched by Singapore’s Golden Equator Consulting (GECo) and Darussalam Enterprise (DARe) of Brunei.
The main goal of the program is...
