New OCBC support loans for SMEs ANEXT Bank has been named the Best Digital Bank in Singapore by The Asian Banker in its 2025 ranking of the world’s top digital banks. The recognition highlights the bank’s commitment to financial innovation, accessibility and support for micro, small and medium enterprises (MSMEs), both locally and internationally. […]
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Shopee now allows SMEs to sell overseas Singapore’s Budget 2025 introduced a range of measures designed to help small and medium-sized enterprises (SMEs) and startups navigate financial pressures while fostering long-term growth. The initiatives, unveiled by Prime Minister and Finance Minister Lawrence Wong, include tax rebates, wage support programs, and new funding opportunities designed to
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Singapore is leading AI adoption in Asia Singapore has been ranked the least corrupt country in the Asia-Pacific region and the third least corrupt globally in the 2024 Transparency International Corruption Perceptions Index (CPI). This is the first time since 2010 that the city-state has claimed the top position in the region. The CPI,
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Tech, finance and real estate are Singapore’s fastest-growing businesses Singapore’s small and medium-sized enterprises (SMEs) more often resort to sustainable financing, with Oversea-Chinese Banking Corporation (OCBC) reporting a surge in sustainability-linked loans (SLLs) and other green financing solutions. In 2024, the bank extended over S$9 billion in sustainable financing to nearly 4,000 SMEs across the
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Opening an in-store café in Singapore may soon become non-profitable Shopee has expanded its Shopee International Platform (SIP) in Singapore, allowing small and medium-sized enterprises (SMEs) to sell to customers in Malaysia, Thailand and soon, the Philippines, without additional costs. The initiative, supported by Enterprise Singapore (EnterpriseSG), aims to remove the complexities of cross-border e-commerce,
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A new law allows police to freeze bank accounts of scam victims Singapore outpaces other countries in the region in artificial intelligence (AI) adoption, positioning itself as a top destination for businesses looking to leverage AI-driven innovation. A report by cloud solutions company Hitachi Vantara reveals that 57% of organizations in Singapore consider AI critical
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Why entrepreneurs choose Singapore An annual list of Singapore’s top 100 fastest-growing businesses in 2025 reflects a surge in demand for financial services, real estate solutions and artificial intelligence (AI) technology. Financial services firms led the way, reflecting increased demand for wealth management in a changeable economic landscape. A financial advisory firm, PFPFA, that
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Singapore to become key financial hub amid trade challenges in Southeast Asia Entrepreneurs looking to register a small or medium-sized enterprise (SME) in Singapore may want to avoid opening an in-store café, as experts warn that the market is reaching saturation and profitability is declining. Retailers have increasingly integrated cafés into their stores to
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MAS eases monetary policy for the first time since 2020 Singapore passed a new law on January 7 allowing police to freeze bank accounts in attempts to combat the rising tide of financial scams. The Protection from Scams Bill grants law enforcement the authority to restrict transactions when they believe an individual is about to
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Singapore companies show 5-year progress in diversity and expertise Singapore remains one of the most attractive destinations for entrepreneurs looking to establish themselves in Asia. Known for its efficient bureaucracy, startup-friendly tax policies and strong financial sector, the city-state offers an unparalleled business environment that continues to draw global investors. A key advantage of
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