OCBC’s Accelerated Drive Towards Sustainable SME Financing: A Catalyst for Regional Growth
Oversea-Chinese Banking Corp (OCBC), Singapore’s second-largest bank, has significantly ramped up its sustainable financing efforts for small and medium enterprises (SMEs), surpassing S$7 billion ($5.20 billion) in funding extended last year alone. This substantial increase underscores OCBC’s commitment to supporting environmentally and socially responsible initiatives within the SME sector. Linus Goh, OCBC’s head of global […]
People’s Bank Establishes Export Hubs For SMEs
First ‘Export Hub’ opened at Nugegoda branch People’s Bank recently made yet another innovative enhancement in its services offering by launching an ‘Export Hub’ concept to support SME sector exporters. Accordingly, the first ever ‘Export Hub’of the Bank was opened at the People’s Bank, Nugegoda branch on July 18. Initially, this concept will be implemented […]
External finance to support the SMEs further
According to statistic of the year 2021, records reveals the levels of the Small businesses sought the external financial help in 2020 and with more demands expected in the year 2021 there is a high need to resolve this issue. Almost half (45%) of SMEs applied for external financial support in 2020, compared to 13 […]
Financial Advisors to save the day!
The SME business owners already deal with many incompatibilities on a daily basis and adding to that list, is having a financial problems. In order to overcome this one thing, having a financial advisor to help in both business and personal finances can be of a big relief. The advisor will not only guide you […]
Cooperation approach to be taken by the SMEs
In order to achieve more productivity, the SME workplaces are being improved. A new initiative of SCORE training program by the ILO helped a lot of small companies in China to improve their work conditions and the employers say that it is helping them. Small and medium enterprises ( SMEs ) make up 60 per […]
Transformation of SMEs in Asia Pacific regions
In order to help small and medium enterprises ( SMEs ) recover from the pandemic and prepare for the future. MasterCard has launched the Digital Acceleration for the small Business microsite across Asia Pacific. As the Covid pandemic hits, there is massive shift to e-commerce and contactless payments. This feature guides on digital transformation, e-learning […]
Ghana and Singapore to adopt SME Techs
Discussions to adopt the Business sans Borders ( BSB ) open hub of platforms between Singapore and Ghana have been going on between the Monetary Authority of Singapore ( MAS ) and the Bank of Ghana ( BOG ). The operations aim to benefit the small and medium sized enterprises ( SMEs ) and the […]