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In January 2017, Funding Societies was one of the first SME digital lending platforms in Singapore to be awarded Capital Markets Services Licence by the Monetary Authority of Singapore. In February, it revolutionised Business Loans by introducing FS Bolt, a mobile app for loan applications, which is now available on App Store & Google Store.
Enterprise Singapore (EnterpriseSG) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It was formed on April 1, 2018, to support Singapore small and medium enterprise (SMEs) development, upgrade capabilities, innovate, transform, and internationalize .
SMEs account for nearly 90% of all company entities in developing Asian countries and are the principal private sector employers, supplying 50-80% of all jobs. [24] SMEs cover 97-99% of all firms in South-east Asia, contributing considerably to each country's GDP—for example, 46% in Singapore, 57% in Indonesia, and over 40% in other nations. [24]
The bank's main function upon its establishment was to finance Singapore’s industrialisation and the government’s urban development projects. [13] Back in 1960, the government invited a United Nations (UN) industrial survey mission to assess the economic situation in Singapore and to come up with an industrialization programme for the city ...
SMEs account for nearly 90% of all company entities in developing Asian countries and are the principal private sector employers, supplying 50-80% of all jobs. SMEs cover 97-99% of all firms in South-east Asia, contributing considerably to each country's GDP—for example, 46% in Singapore, 57% in Indonesia, and over 40% in other nations.
Scottish Government make available funding for small and medium sized enterprises in order to help them reduce resource usage (in particular energy) and lessen carbon impacts. The Scottish Government SME Loan Fund is unsecured and interest free (loans for renewable technologies are charged at 5% due to the Renewable Heat Incentive. [citation ...
EDB received an additional grant of S$40 million to develop Jurong Industrial Estate from the Singapore government. [13] [14] 1962 was also the year which Singapore begun to actively woo overseas industrialists as such the Japanese, [15] with some indicating interests in joint development projects and sending study missions to Singapore. [16]
The Standards, Productivity and Innovation Board (abbreviation: SPRING Singapore) was a statutory board under the Ministry of Trade and Industry of the Singapore Government. It worked as an agency for enterprise development, and helped enterprises enhance their competitiveness in the Singapore market.