Singapore

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.

TFG are delighted to be joined by Michael Vatikiotis, who was the keynote speaker earlier today at FCI’s 51st Annual Meeting in Ho Chi Minh City, an experienced author, journalist and conflict moderator specialising in Southeast Asia.

East and Partner’s Martin Smith and Simon Klein discusses emerging Australasian trade finance trends and approaches to capitalize on them. Voice of the Customer Analytics In the face of global… read more →

We heard from Nitin Gaur, Director of IBM Digital Asset Labs at the ICC Banking Commission’s Annual Meeting, on the benefits of blockchain / DLT for enabling trust, transparency and security

As TFG prepare for IFN Asia, in Kuala Lumpar, TFG heard from Islamic Finance News Managing Editor, Vineeta Tan, who gave a brief overview of the Islamic Finance and Shariah market

The Singapore arm of Standard Chartered announced yesterday the completion of its first blockchain based lend in Singapore, facilitating the shipment of chickpeas from Agrocorp International, based in Australia, to… read more →

Singapore is home to more than 218,000 Small-Medium Enterprises (“SMEs”), defined domestically as firms with annual sales of less than S$100 million or less than 200 employees. These firms employ… read more →

There are more than 200,000 SMEs in Singapore making up 99% of enterprises, employing two-thirds of the workforce, and accounting for about half of Singapore’s GDP. We spoke to Mr… read more →

Innovative trade finance network Tradeteq will become a value added service (VAS) provider to the Singapore government’s digitalised international trade platform, the Networked Trade Platform (NTP). Developed by Singapore Customs… read more →

Following the first alert in August 2017 and an extensive investigation, 17 men were taken under for alleged oil theft from Anglo-Dutch oil company Shell’s refinery in western Singapore, one… read more →