SME News
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2024-04-26
A US TikTok ban could take a bite out of small businesses
Without the popular social media platform, some creators and small enterprises across the globe could see their revenue plummet. On 24 April, the US Senate passed legislation to ban TikTok, the popular social media app. Hours later, Preside...
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2024-04-26
Australian SME lender Bizcap launches in the UK
Australian lender Bizcap is to launch in the UK. Its mission is to empower small businesses by providing them with swift access to the funds they need. Notably, it says its lending decisions do not hinge on conventional benchmarks like credit scores ...
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2024-04-25
MSME exporters are worst hit due to increased freight charges and doubled turnaround time
The prolonged Russia-Ukraine and Iran-Israel conflicts coupled with the economic instability in American and European markets have had a crippling impact on the MSME sector. Increased freight charges, doubled turnaround time of cargo and ...
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2024-04-24
Singapore SMEs 'unconcerned' about AI's negative impact amid widespread adoption: report
Small and medium-sized enterprises (SMEs) in Singapore are "mostly unconcerned" about the impact of artificial intelligence despite its growing adoption in workplaces, according to a new report. Nearly half (49%) of 605 SMEs in Singapore...
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2024-04-24
Public sector’s SME products purchases hit record high
The Ministry of SMEs and Startups said on Tuesday that the amount spent on purchasing products from small and medium-sized enterprises (SMEs) by public agencies in 2023 hit a historic high of 127.3 trillion won ($93 billion). This figure surpasses th...