SME News
-
2020-07-02
Ministry wants to increase SMEs role in big business supply chains
The Industry Ministry is seeking to increase the role of small and medium enterprises (SME) in supplying raw materials for big businesses, as the government wants to reduce reliance on imported goods. A program that runs from July 1-15 aims to pre...
-
2020-07-02
New Hong Kong virtual lender Ping An OneConnect, HSBC ease banking processes in battle for SME sector
Hong Kong's small and medium enterprises (SMEs) have emerged as a new battleground for the city's banking sector, which has been revitalised by the launch of virtual lenders that do not have any bricks-and-mortar branches. One of these new...
-
2020-07-02
RBS rolls out SME payment tool in Scotland
Royal Bank of Scotland (RBS) has launched a new payment tool for SMEs in Scotland to encourage digital transactions. The move comes as customers increasingly switch to cashless transactions amid Covid-19 crisis. The tool, called Tyl, will ...
-
2020-07-02
Treasury scraps SME fund ‘due to Prompt Payment Code deterrent’
The Treasury has scrapped plans to introduce a supply chain finance scheme after feedback found that a requirement for larger companies to sign the Prompt Payment Code (PPC) might act as a deterrent, according to Sky News. The new financ...
-
2020-07-02
MANifesto launched as SME manufacturers demand blueprint for long-term industrial strategy
A manufacturing collective has urged the Government to make its ‘restart, reposition and transform’ commitment to industry a reality and not just another marketing slogan. The Manufacturing Assembly Network (MAN), which employs over 20...