“Small and medium-size enterprises (SMEs) need to tap on all the trade links Singapore has established with partners, in order to expand into overseas markets,” asserted new Trade and Industry Minister Chan Chun Sing.
Category: Business
Company’s name won’t be changed to Walkart: Walmart CEO
It’s official. Walmart has wrapped up its Flipkart acquisition for USD16 billion, a valuation of over USD20 billion, which makes it the world’s biggest e-commerce deal.
Building Wealth in Modern India
The statistics are not in favour of financial reform in India, as 1.21 billion people live below the poverty line. While the number seems dismal and hardly something to build a foundation of wealth on, there is hope in this emerging market.
MAS issues advisory to financial institutions to stay vigilant against cybersecurity threats
Following recent reports of overseas cybersecurity threats, the Monetary Authority of Singapore has issued an advisory urging financial institutions to remain vigilant and secure SWIFT payment terminals.
Amazon may buy Flipkart to capture India’s e-commerce market: Report
As the heat intensifies to capture India’s e-commerce market, there are reports that Amazon may submit a rival offer to buy the country’s largest e-commerce platform Flipkart. The latter is currently in talks with Walmart Inc for a stake sale.
Shell goes green with plan to install solar panels at its Singapore units
To give a fillip to conservation of energy, Shell is planning to install solar panels at its petrol stations in Singapore and could also do the same for its refining and petrochemical complex here.
Over SGD800 million in WCS for Singapore employers
Over 90,000 employers in Singapore will receive more than SGD800 million in payouts by March 31 under the Wage Credit Scheme (WCS). At around 71% of the sum disbursed, SMEs will receive the bulk of the payouts.
Indian rideshare platform Ola expands Down Under
Following a successful launch in Perth last month, Indian ridesharing platform Ola is now officially operating in Sydney and has hired a local team to build partnerships and support driver-partners.
Grab makes foray into fintech and financial services
Singapore-based ride-hailing firm Grab will be partnering Japanese credit card company Credit Saison to embark on a joint venture called Grab Financial Services Asia.
Standard Chartered hires Indian MD as part of NRI market expansion
Standard Chartered Private Bank in Singapore has recruited a Non-Resident Indian (NRI) as the new managing director. Nakul Beri, an experienced banker, shifted to Standard Chartered earlier this month, according to his public profile.
