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Business

Daniel Thong: “You know an industry is broken when the government has to step in to tell the industry to pay their workers at least S$1000 a month.”

An industry is considered "broken" when the government needs to intervene in order to get employers to pay their workers "at least S$1000 a month", according to co-founder of co-founder of cleaning start-up Nimbus Daniel Thong, and "cleaning is broken in this industry". Referring to what Temasek Holdings chairman and former labour chief Lim Boon Heng said earlier in the same roundtable discussion …

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Nine Thai companies recognised as outstanding brands winners at the Influential Brands® 2018 Ceo Asia Summit in Singapore

Influential Brands®, a think-tank research and business organisation which identifies, engages and recognises "The Champions of Excellence" throughout Asia, has named and recognised nine Thai companies as deserving winners at the 2018 Thailand's Outstanding Brands. The winners were judged not only on their outstanding success in its own category, industry or domain, but also on their significant growth in the past few years. Some of the key …

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DHL survey finds companies in Asia Pacific place more importance on green transport than other regions

The latest research report on ground transportation logistics by DHL, the world's leading logistics company, has revealed that companies in Asia Pacific place more importance on green transport than other regions do. The global survey found that a whopping 75% of respondents from the region believe electric vehicles will have a significant impact on transport in the next two years, …

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Government Supported Financing Schemes for SMEs

Running a SME in Singapore is challenging. High rental costs, tight manpower market and no easy access to bank financing are some of the pertinent challenges most SME owners face when trying to scale their operations. Heading into the last quarter of 2018, the economic outlook for 2019 is still murky with the prospects of the US-China trade war looming …

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GOJEK launches beta ride-hailing app in Singapore

DBS/POSB customers in Singapore will be the first to enjoy GOJEK rides during the beta phase Consumers in Singapore hungry for more ride-hailing choices will finally get to try GOJEK’s service with the launch of the beta version of its app, which will be made available for download from iOS and Android app stores in Singapore today. This marks the …

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Seventy-six percent of Singaporeans are confident to pay online with presence of visual cues – Visa survey

Visa, the world’s leader in digital payments, announced on last Monday (19 November) that Carousell, one of the largest and fastest-growing web-based classified marketplaces in Asia Pacific, has become the first merchant partner to incorporate Visa’s Sensory Branding technology on its payment platform. A research conducted by Visa indicated that 76 per cent of Singaporeans feel confident about shopping and …

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In-app games and various other promotional materials being used by e-commerce players to pique Singaporean consumers’ interest in 11.11

What began as a day to celebrate the singledom of students at Nanjing University in 1993 turned into one of the world's biggest shopping festivals, thanks to commerce giant company Alibaba in 2009, and Singaporean consumers as well as businesses, particularly e-commerce ones, are not exempt from the hype surrounding 11.11. A recent study by iPrice Group has identified several trends utilised …

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Stripe’s merchants can now pay their service providers instantly using Visa Direct

Visa, the world's leader in digital payments, has teamed up with Stripe, a technology company that builds the economic infrastructure for the internet, to enable its real-time push payment solution on Stripe Connect, the company's solution for multisided marketplaces and platforms. Visa Direct offers real-time push payment capabilities to business owners and consumers via the cards they already carry in …

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UNPay and President of Lithuania in talks on possible Fintech cooperation

UNPay and the President of Lithuania, Dalia Grybauskaitė, had a fruitful discussion earlier this week on Tuesday, in regards to the future of financial technology (fintech) at The China-Lithuania Economic Cooperation Forum and the China-Lithuania Financial Science and Technology Cooperation. The forum─which was jointly organised by the Embassy of the Republic of Lithuania and the International Cooperation Society of the Ministry of …

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Agreement signed between ACCA and Alibaba Cloud at China International Import Expo

ACCA (the Association of Chartered Certified Accountants) and Alibaba Cloud, the cloud computing arm of Alibaba Group signed an exclusive agreement on Wednesday (7 November) to see a closer working relationship between the two organisations which focuses on course development, research and professional insights. ACCA is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, …

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