With the European Union-Singapore Free Trade Agreement (EUSFTA) entering into force on 21 November, the race is on for Singapore businesses to convert this trade pact into commercial advantage.
HSBC Singapore today announced a trial with Singapore Exchange (“SGX”) and Temasek to explore the use of distributed ledger technology (“DLT”) for the issuance and servicing of fixed income securities, the first such end-to-end digitalisation initiative focusing on the Asia bond markets.
** Simplifies QR e-payments for businesses and consumers
** Enables seamless collections via one unified payment QR code, replacing need for multiple QR codes
** Enhances Singapore’s role as world-leading payments hub
HSBC’s recent Global Liquidity and Cash Management Forum held in Singapore captured the spirit of digital change that is sweeping through businesses, governments, and treasury in the ASEAN region.
Singapore welcomes the ratification of the upgraded China-Singapore Free Trade Agreement (CSFTA) which will further smoothen the flow of trade and investment between the two markets.
NO REGION in the world has been spared by the ongoing economic uncertainty, and South-east Asia is no exception.
ASEAN'S diversity presents challenges for Singapore companies looking to expand abroad, but these challenges can be reframed as opportunities, said a group of panellists at a roundtable organised by The Business Times (BT) and presented by HSBC on Sept 24.
South-east Asia cannot expect to see a wide-scale divergence of supply chains coming its way unless there are improvements in production technology & capacity, and regional integration, according to HSBC.
How a Singapore snack company won the tastebuds of foodies Asia-wide