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Maximizing Savings for Business Expansion & Growth (2017 Update)

POSTED BY Best Licensed Moneylender | News
Business Expansion & Growth

Business Expansion & Growth

If you are not saving,you are not moving. The potentials are there for your business to grow and expand and that depends largely on the capacity to save. In business, saving is directly proportional to outstanding success evident in increased income and wealth creation. If you are scared of borrowing, especially at times when interest rates are soaring, then you should have a reserve. Sometimes, there is a feeling of guilt from business men and women who feel they have not been able to meet up with their desire to see their business succeed. Yet what they do not realize is that having a back up is similar to an insurance plan. Saving part of your earnings reduces the risk of business failure and who really wants to fail?

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Role of Monetary Authority of Singapore (2017 Update)

POSTED BY Best Licensed Moneylender | News
Role of Monetary Authority of Singapore

Role of Monetary Authority of Singapore

Building a Stronger Financial Sector for Economy Growth

It is the duty of the monetary authority of Singapore to build a strong financial sector because they contribute significantly to the economy’s growth.

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Functions of Banks in Singapore (2017 Update)

POSTED BY Best Licensed Moneylender | News
Functions of Banks in Singapore

Functions of Banks in Singapore

The banking sector in Singapore is a key determinant of the growth of Singapore’s economy. There are over 117 foreign banks which have been established in Singapore. They are here to cater for the many industries which are operating in Singapore. The various services offered are credit facilities, deposits, insurance and much more.

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Acquiring Loans for Business Growth

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Acquiring Loans for Business Growth

Acquiring Loans for Business Growth

More than 70% of businesses require loans for start-up, however, 80% or more do not survive the first three years, especially in Singapore. Some of the reasons for this alarming statistics are listed here in case you’re planning of acquiring a loan. Maybe you might have a re-think.

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How to choose a bank account in Singapore

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Choosing bank account in Singapore

Choosing bank account in Singapore

There are a lot of popular Personal banks in Singapore. Most of it have been known for its well-regulated and well-organized services. But still, you have to choose the one where you are comfortable entrusting the safe keeping of your money.

Below are the guides to help you find the best bank for opening a bank account in Singapore:

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Singapore’s Statistics (2017 Update)

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Singapore's Statistics

Singapore’s Statistics

Economic growth

Early this year, the Ministry Of Trade and Industry (MTI) of Singapore, announce that in 2016 the economy had grown by 2%. According to them, this was a significant indication that there is an aggregate increase in demand as well as supply. This means that there is a substantial increase in imports, exports, low interest rates. In addition, an increase in investments and many factors.

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Changing And Using Money In Singapore (2017 Update)

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Changing And Using Money In Singapore

Changing And Using Money In Singapore

Singapore has highly develop and stable banking system and very mild corruption cases. In addition to that, high standards of living. Singaporean economy has remain as one of the most palatable for investors. All this can be attributed to her highly reliable and stable currency.

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Combating Terrorism Funding and Money Laundering In Singapore (2017 Update)

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Combat Terrorism Funding & Money Laundering

Combat Terrorism Funding & Money Laundering

Combating Terrorism Funding and Money Laundering In Singapore

The Ministry of Finance and Monetary Authority has been working around the clock. They have been working in conjunction with the Ministry of Home Affairs to come up with and maintain a money laundering and terrorism financing free zone. The 2012 enhancement of FATF standards saw Singapore focus on the regulations and establish an adamant framework. In addition to that, they have been working to Counter Financing of Terrorism (CFT) and curb illegal money laundering, (Anti-Money Laundering-AML). A recent assessment of the Singaporean economy based on these standards indicated that Singapore is safe with one of the best AML/CFT frameworks.

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International Trade (2017 Update)

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International Trade

International Trade

All the way since the growth and development of barter trade, business has undergone a substantial amount of evolution. This includes the invention of currency and development of banking. Over time, people have developed ways to make trading easier and more efficient. Not only for individuals but also larger units like countries and colossal organizations. Technological advancements have been the spearheads for advancements like the e-commerce platform. Furthermore, the overall globalization idea which has hence made the international trade very easy. International trade being the trade between two or more countries, Singapore has not been left behind in embracing this trend. As a matter of fact, recent developments have seen Singapore promise to strengthen ties with countries. Especially countries like Africa to promote investments and trade among them.

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Strategic Management Process (2017 Update)

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STRATEGIC MANAGEMENT PROCESS

STRATEGIC MANAGEMENT PROCESS

Strategy ultimately involves knowing where we are, where we are going, understanding where we are going and what takes us there. Formal organizations are not disorganized unstructured business set up. They set goals and generate strategic ideas for meeting up with such goals. They may be tasking, yet rewarding at the same time. Strategic management process is a step-by-step guide to achieving what you set out to achieve with the human and material resources at your disposal.

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