The Singapore FinTech Association (SFA) and media corporation Thomson Reuters are to collaborate on projects to promote the country's fintech industry and strengthen its fight against cybercrime. The joint initiative will involve working alongside financial institutions, universities and startups to explore the use of...
Telecommunications company StarHub and United Overseas Bank Limited (UOB) have joined hands to provide digital solutions to small and medium enterprises (SMEs) to help speed up their digitalisation efforts. The collaboration is aimed at helping SMEs and new companies thrive in the digital economy and is in...
Singapore signed a second protocol amending the Comprehensive Economic Cooperation Agreement (CECA), which will boost bilateral trade with India, with both sides agreeing to expand the coverage of tariff concessions. The provisions of the Second Protocol will come into effect from September 14, 2018. "The two countries are exploring the possibility of launching...
The last couple of years has seen increased focus among government & policymakers to ramp up Singapore's indigenous productive capabilities, especially those of its small and medium businesses (SMEs). In a report released in 2010, the Economic Strategies Committee (ESC) - a government committee set up to provide strategic direction for the...
DBS will create a B2B platform for small and medium enterprises (SMEs) to sell their goods and services to large corporate and multinational corporations (MNCs). DBS is collaborating with Singtel for the SME portal which will instantly connect SMEs including those without an online presence to an e-commerce platform hosted on the...
FedEx Express’ annual APAC SME Research Report has revealed that small businesses in Asia are using technology to drive exports worldwide. For the first time, the proportion of SMEs that export beyond Asia exceeds the proportion who export only to countries within the region. Overall, the number of SMEs exporting beyond Asia is...
At a recent technology forum, Singapore Minister for Trade and Industry, Chan Chun Sing emphasised on the role of small and medium enterprises (SMEs) in innovation. According to Chan, we now live in an era where the effects of technological disruption are ubiquitous, touching all aspects of our lives – from the way...
The Singapore government’s new IT spending budget has significant opportunities for small and medium sized enterprises (SMEs) in Singapore. According to a release shared by the Government Technology Agency’s (GovTech) press release, these SMEs accounted for almost two-thirds of the total number of ICT contracts awarded by the government in Financial Year 2017....
Is it time for small and medium enterprises (SMEs) in Singapore to bury the old paradigm and focus on newer technologies such as Artificial Intelligence (AI) to help them bridge the gap? Traditionally, SMEs have lagged behind bigger enterprises in scale and resources and while they are usually reluctant to embrace new technologies,...
Small and medium businesses need to jump on to the mobile payments bandwagon in order to gain a competitive edge over larger firms. A recent survey conducted by US-based financial services corporation Visa, indicates that customers worldwide prefer to pay with credit cards or mobile devices. According to the survey titled Digital Transformations...