Electronic payments (e-payments) are a convenient alternative to the use of cash and cheque as payment modes. Not only do they offer consumers like you and I a swift and efficient way to pay, they also help businesses enhance productivity. Cash and cheques cost the economy is at 0.52% of …
Drivers of ASEAN’s Fintech Landscape
According to UOB’s report on the State of Fintech in ASEAN, Singapore takes the lion’s share of fintechs in the region, at 39%. In Singapore alone, fintech investments crossed the billion-dollar mark, a figure that the Monetary Authority of Singapore (MAS) has set for 2019 but has achieved within the …
The 2020 Fintech Landscape in Singapore
With Singapore fintechs taking 51% of ASEAN funding as of Q3 2019, it comes as no surprise that investors may be keen to learn more about the country’s fintech landscape. Singapore has over 40 innovation labs, more than 500 fintech start ups, SGD500 million in record-high fintech investments in 2018, …
5 Things you need to know about Singapore Budget 2020
The Singapore Budget 2020 was delivered by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, on 18 February 2020. Here are five things that you need to know. 1. SGD6.4b will be set aside to address COVID-19 Since the the first suspected case of coronavirus in Singapore …
Top Trends In Food Manufacturing You Need To Know
28 per cent of all F&B outlets in Singapore close within a year of opening. It is evident that staying afloat and becoming successful in this industry is not easy. Here are some trends to take note of in the food manufacturing industry. Fads having less relevance It is not …
Top Trends In The Hotel Industry You Need To Know
According to Horwath HTL, Singapore’s hotel supply’s growth rate is expected to rebound to 2.5 per cent in 2019, before falling again in 2020. In Asia Pacific, hotel investment volumes are predicted to grow by 15 per cent year-on-year in 2019. With such figures in mind, it will be important …
Top Sustainability Trends
The Sustainable Development Goals (SDGs) were launched by the United Nations (UN) as a universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity by 2030. Meanwhile, the next five years promise an estimated US$2.1 trillion in climate-related sustainable business opportunities …
How To Increase Remote Work Productivity In SMEs
SMEs operate on lean manpower, which often translates to the need to engage multiple work-from-home freelancers and external vendors. On top of that, employees working in the office may also have a heavy workload, which can lead to the preference for flexibility in the form of remote working. Millennials are …
How To Manage Vendor Relationships
Due to the strain in manpower, SMEs typically work with third-party suppliers to fulfill specialised and non-core functions. The question for outsourcing lies with how and when. Managing vendor relationships is key to ensuring an efficient, problem free and sustainable operation. Spend time to communicate regularly Regular communication is crucial …
5 Ways to Get the Highest Personal Credit Score in Singapore
How is your credit score calculated? More importantly, how do you make sure that it’s in the best shape possible? Understanding how your credit score in Singapore is assessed is key to being financially healthy. There will come a point in time in most Singaporeans’ lives when taking a bank loan …