Trade Financing: Gearing up SMEs for business growth in 2021

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Trade finance has been increasing in popularity as a tool to smoothen out financial demands and drive business growth for Small Medium Enterprises in Singapore. This article will give a brief background of what Trade Finance means, its benefits, as well as the four key types of trade finances in …

Understanding Supply Chain Financing for SMEs in Singapore

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Understanding Supply Chain Financing for SMEs in Singapore Supply chain ecosystems are like arteries of today’s globalised economy, allowing international trade flows. As world trade gets more and more complicated, competitive, and deglobalised, supply chain financing has evolved along to address the demands of buyers and suppliers. This article explains …

Weathering the COVID-19 Storm with Fintech!

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As the tail end of 2020 approaches, it becomes clear that the COVID-19 pandemic and ensuing economic crisis are far from over. On 28 October 2020, The Monetary Authority of Singapore (The “MAS”) published the latest Macroeconomic Review where they maintained the prediction that the Singapore economy will face a …

How SMEs Can Survive and Thrive in the New Normal

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  One in two small businesses across ASEAN faces cash flow challenges as a result of the pandemic, and Singapore is no exception. While an optimistic V or U shaped economic recovery is possible, the recovery may be L-shaped if the world is unable to control the virus outbreak. This …

How To Manage Vendor Relationships

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 …

4 Things To Know Before Getting A Property-Backed Loan

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What are property-backed loans? Do you know that you can potentially free up working capital for your business if you own a local residential, commercial or industrial property? Property-backed loans are secured loans taken by pledging a local property as a form of collateral against the loan. The pledged local …

Ultimate Guide to Choosing Your Office Space in Singapore

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How To Choose A Business Office Space In Singapore: SMEs can find a variety of offline office spaces overwhelming. Co-working spaces and business centres as well as government and private offices, are just some of the options available to choose from. Co-Working Spaces / Business Centres Fully-furnished and ready-made offices …

Why SMEs Should Automate Finance Operations

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Having robust financial operations is crucial to an SME’s sustainability. Particularly if it is short on working capital, smooth financial operations can make or break a company and determine if other business financing means such as business loans or microloans are necessary. Why automate Managing the full financial operations process …

Financing Products Are Aplenty, But Why Aren’t Enough SMEs Getting Them? 

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In Singapore, SMEs (small and medium-sized enterprises) represent close to 99% of all enterprises. However, numbers can become glaring quickly when we look at mortality of these SMEs. Amidst the coronavirus pandemic in 2020, SMEs are expected to see slower growth and experience a sink in business sentiments. In trying …

Top Trends In Real Estate You Need To Know

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According to Price Waterhouse and Coopers (PwC) and Urban Land Institute, Singapore is ranked second as a real estate investment market in Asia Pacific. This is mainly because of the demand rebound well as a boom in co-working and other flexible office space operators. Globally, the country is the second …