Oswald Kuyler, Managing Director of ICC DSI talks to TFG about promoting digital trade, harmonisation and trade standards.
Singapore is second only to Bahrain in adopting MLETR
A reliance on paper has hindered commodity finance for far too long. It should welcome digitalisation with open arms.
On the 15th November, 2020 several Heads of State/ Government of the Member states of the Association of Southeast Asian Nations (ASEAN) and other nations met virtually to witness the signing of The Regional Comprehensive Economic Partnership (RCEP) agreement – solidifying over 8 years of negotiations and challenges.
TFG spoke to an expert group of global commodity traders to look at the key developments in commodity markets over the past few months, with a focus on the agri and softs sector.
Banks and government bodies rally together to mitigate trade finance fraud with Trade Finance Registry
SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) today signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally.
Barings Bank collapse. Noble Group’s demise. The 2020 commodities scandals of Agritrade, Hin Leong, Zenrock, Sugih Energy and Hontop Energy. Will these recent commodity financial scandals shatter Singapore’s reputational armour?
TFG heard from Andreas Tesch of Atradius on the status of credit insurance market in Asia and the key initiatives taken in response to Covid-19’s impact on Asian trade.
We dive deeper into how Covid-19 impacted the shipping industry. Will the cruise liners be able to financially recover from this outbreak?
TFG heard from Dr. Deborah Elms, CEO, Asian Trade Centre on the impact of COVID19 for businesses in Asia Pacific and how governments and policymakers can accelerate the economic recovery.
Hin Leong Trading’s, founded by Singaporean oil tycoon Oon Kuin, collapse sends shockwaves through industry leading businesses to significantly embrace digital transformation.
Events such as Brexit, the US-China trade war, political unrest between China and Hong Kong dominated the headlines in 2019, have all had significant implications on global trade. However, it has not all been bad news – with increased levels of cooperation and technological innovation, the outlook for trade/finance moving into 2020 could be promising.
Singapore-based Finaxar, announces the partnership with Global eTrade Services (GeTs), a global trade platform company. Finaxar provides its unique Lending-as-a-Service to financial institutions, trade and e-commerce platforms using data-driven methods to provide the fast, tailored financing solutions for SMEs.
In 2012, Asian Development Bank’s Trade Finance Program (TFP) commissioned a unique study, the first of its kind, to understand and quantify the unmet demand for trade finance, known as the global trade finance gap. Over the years, TFP has updated this study to quantify and inform policymakers and market participants about the main drivers for this persistent trade finance gap.