DBS Bank joined Contour’s network on 11 May 2020, growing the number of banks on the blockchain platform driving a collective effort to digitalise global trade. Built on R3’s Corda, Contour’s network focuses on digitalising processes, including the creation, exchange, approval and issuance of letter of credits...
The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively, AMTD) announced on 13 May the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant (the Grant) to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID-19...
DBS is pressing ahead with its efforts to support the digital transformation of Singapore’s logistics sector amid the COVID-19 situation, launching in early May the DBS Logistics Purchasing Card (“DBS P-Card”) – Singapore’s first cashless purchasing card for the logistics sector. The DBS P-Card...
To support businesses impacted by the COVID-19 pandemic, Facebook and Instagram have lined up new features to direct people to gift cards from local businesses on the platforms and purchase them via select third party partner sites. Facebook is testing a feature where people...
Prudential Corporation Asia (Prudential) and HR Easily (HReasily) signed a partnership agreement on 4 May to offer Prudential's Small and Medium Enterprises (SMEs) customers across Asia access to HReasily's human resource (HR) and benefits management platform. This partnership with HReasily, established in Singapore in 2015, underscores...
Besides the economic slowdown wrought by the COVID-19 pandemic, another issue that has raised concerns around the world is the security of the global food supply chain. This is especially significant for small countries like Singapore that rely heavily on food imports. As a result, recent border...
The Intellectual Property Office of Singapore (IPOS) will offer a pilot programme to accelerate grants of patent applications in all technology fields to just six months, starting from 4 May 2020. The programme – the SG Patent Fast Track - is the world’s fastest application-to-grant process of...
To further support tourism businesses during the circuit breaker and to give them a headstart for recovery, the Singapore Tourism Board (STB) has rolled out several new initiatives to help them engage their customers, strengthen their business foundations and deepen their manpower capabilities. For travel agents, there...
Google and UOB announced on 24 April that the new curriculum for the ​SME Leadership Academy ​training programme has been customised to help business leaders of small- and medium-sized enterprises (SMEs) from the retail, tourism and food and beverage (F&B) sectors respond to the unprecedented challenges from...
Despite the prominence of millennials in the workforce,  a recent study commissioned by Epicor and conducted by MORAR Consulting found that only 19% of distribution business leaders said recruiting millennials was a "fairly significant" or "major" focus for their organizations. At the same time,...