Funding Societies Review:
5 Years and S$1.4b in SME Financing later

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And our renewed commitment to the local business community in future Let’s review Funding Societies: This month we turn 5 years old! From a wide-eyed newbie who burst onto the lending scene and quickly disbursed our first crowdfunded loan in 2015, to an experienced digital financing platform who is now …

Digital Financing Timely in a Period of Physical Isolation

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The number of COVID-19 cases in Singapore has been on the rise. As of 6 April 2020, there have been over 1,300 cases, with 25 of the patients in critical condition. Singapore’s economy has contracted by 2.2% in Q1 as a result of the virus, with the construction and services …

Singapore’s E-Payment Roadmap

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Singapore’s E-payment Roadmap: 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 …

Drivers of ASEAN’s Fintech Landscape

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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

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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

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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

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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

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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

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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

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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 …