DBS Foundation has launched a new grant for SMEs to kickstart their transition towards becoming more sustainable businesses. This is an extension of DBS Foundation’s ongoing support for SMEs, as it endeavours to foster the growth of businesses-for-impact, regardless of their stage of growth. Thus, the foundation has commenced its...
China’s President Xi Jinping is enlisting the financial sector in a war against a virus outbreak that has killed more than 500, mobilising lenders, brokerages and fund managers to pump resources into stricken parts of the economy. Answering Beijing’s call, banks are rushing to offer virus-fighting loans at ultra-low rates,...
Recently, OneSME, a cross-border digital trade platform for SMEs in Singapore and China, was launched in order to facilitate trade more easily between SMEs of the two nations. OneSME will connect business-to-business (B2B) platforms in the two countries to help local SMEs expand their overseas reach and tap significant demand...
Meta Bright Group Berhad (MBGB) has entered into a memorandum of understanding with ChemPartner Pharmatech Co., Ltd to develop a premier pharmaceutical and biotechnology hub in Malaysia, marking a significant milestone in MBGB’s expansion into these sectors. The signing ceremony was held in Shanghai, China, witnessed by Deputy Prime Minister...
Airbus is restarting its assembly line in China. General Motors began limited production over the weekend. Toyota followed suit on Monday. Slowly, but surely, and with an air of caution, the workers of China are heading back to the factories and offices to try and reopen for business. Three weeks ago,...
China, home to 1.4 billion people and a country with a huge reliance on its workforce made its way to become an economic giant with the help of their massive population. Their demographics has made them what they are today. Nearly 40 years ago, before the initiation of economic reforms...
Hundreds of people have joined a mass sit-in at Hong Kong International Airport Friday evening in a fresh round of anti-government protests designed to secure international backing for the movement. Organisers were expecting thousands to show up, and hoped police would respect what they said would be a peaceful...
China has unveiled a package of special policies for Hainan, including scrapping import duties, in an effort to turn the tropical island into the mainland’s answer to Hong Kong or Singapore and dampen the risk of decoupling with the United States.Beijing on Monday outlined its plan to make the...
China is grappling with its largest surge of infections since the coronavirus first emerged there more than two years ago. The government is racing to impose strict containment measures, but sustained outbreaks in two-thirds of the country’s provinces are the toughest test yet of its “Covid zero” policies. Global commerce...
E-commerce giant Alibaba has announced assistance for merchants affected by the 2019-nCoV coronavirus outbreak in China. The assistance takes the form of offering waivers or reductions of service fees, providing financial assistance, as well as other special assistance in six major areas: Reducing operational cost on Alibaba's platforms Taobao and...
China is set to play down the nation’s headline growth rate to highlight “growth quality” and “security” in its development plan for 2021-25 and beyond. President Xi Jinping chaired a gathering of the Politburo on Monday, and the body endorsed the country’s five-year plan for 2021-25 as well as...
Mainland China’s e-commerce market has held the title of the world’s largest online retail market for 11 consecutive years, with online retail sales exceeding RMB15 trillion last year, marking an 11% year-on-year increase. To help Hong Kong businesses, particularly SMEs, capitalize on this expansive market, the Hong Kong Trade Development...

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