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        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
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        • Mortgage rates today, April 3, 2020 plus reviews
          • cmc currency details
            • cmc exchange details
              • Shortcodes
        • Microsoft Vulnerability: Hundreds of Microsoft Servers Contaminated By Crypto-Mining Botnet Since 2018
          • Cision PR Newswire
          • Coupons – Best websites
            • Aeromexico Rewards Chart
            • Get Avios Points Free
        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
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      • Is Discover Visa or Mastercard?
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      • Walmart Money Card – Review
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      • Best Mortgage for Low Down Payment 2020
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    • Mortgage Calculators
      • Mortgage calculator rates today April 1, 2020
      • Mortgage Calculator – Students Benefits
      • Mortgage Calculator – Homeowners and renters Get Payment Relief
      • Calculator for mortgage to millennials
      • Mortgage Calculator Modification – What Is?
      • Mortgage Calculator Canada: Rates Are Rising
      • Mortgage Calculator Home – Is it time to repair your own home mortgage?
      • Mortgage Calculator
      • Mortgage Calculator Rates Today April 3
      • Mortgage Calculator Online
      • Mortgage Calculator Coronavirus: UK mortgage market goes into lockdown
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      • Stimulus Check
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      • Roundpoint Mortgage
      • Midland Mortgage
      • Simple Mortgage Calculator
      • Freedom Mortgage
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      • WTI Oil Prices
      • Brent Crude
      • Crude Oil
    • Agricultural Products
      • Corns
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      • Lean Hogs
    • Precious Metals
      • Platinum
      • Gold
        • Best Place to Buy Gold
        • Price of Gold
        • 5 Ways In order to Buy Gold
        • Gold Price Chart
        • Gold Futures
      • Silver
    • Industrial Metals
      • Copper
  • Insurtech
    • Insurtech “Best of…”
      • Best Life Insurance of 2020
      • The Best Renters Insurance Companies 2020
      • Best Pet Insurance Providers of 2020
      • Best Home Insurance Companies for 2020
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American Express – Massive companies step as much as assist SMEs as govt support tapers off, Financial system Information & Prime Tales

Judie Simms by Judie Simms
November 30, 2020
in American Express (NYSE: AXP)
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Home » American Express – Massive companies step as much as assist SMEs as govt support tapers off, Financial system Information & Prime Tales

American Express – Massive companies step as much as assist SMEs as govt support tapers off, Financial system Information & Prime Tales

A number of giant firms are serving to small and medium-sized enterprises (SMEs) keep afloat because the coronavirus outbreak continues to take a toll on their funds and operations.

The initiatives contain offering much-needed reduction and coaching to companies at a time when some authorities help is truly fizzling out because the financial system step by step reopens.

American software program firm Salesforce has partnered the Singapore Enterprise Federation at hand out $960,000 in cash grants to eligible SMEs. The programme is anticipated to profit 120 companies, which is able to every obtain a grant of $8,000.

They’ll use the funds for his or her quick cash-flow wants, resembling lease and working prices, to pay workers wages and to improve their abilities or to digitalise.

Singapore-registered SMEs with at the very least 30 per cent native shareholding, an annual income of $150,000 to $2 million, and which make use of between 5 and 50 staff, are eligible to use.

Functions opened final Monday and shut on Dec 23. Companies can go to this web site to search out out extra.

Salesforce Singapore vice-president and basic supervisor Cecily Ng mentioned it’s the proper time for Singapore companies to faucet the grant cash to gas development, provided that the financial system is starting to get well.

“This additionally presents a crucial alternative for bigger and extra established companies to step in and provides SMEs the help and sources they should overcome challenges posed by Covid-19 and velocity enterprise transformation,” she added.

In the meantime, monetary companies agency American Express helps to drive foot site visitors again to shops by bringing its world Store Small marketing campaign to Singapore.

Card members can get $5 cashback once they spend at the very least $10 at collaborating companies from tomorrow, for as much as 3 times.

Round 2,000 companies – at 11 CapitaLand malls and in areas resembling Kampong Glam and Telok Ayer – are collaborating.

American Express, which has dedicated US$200 million (S$268 million) worldwide for its Store Small campaigns, didn’t disclose how a lot it has put aside for the initiative right here.

Mr Elroy Lim, vice-president and basic supervisor for service provider companies at American Express in Singapore, mentioned: “Whereas Store Small encourages folks to spend, we wish them to contemplate the place they spend, not how a lot they spend, and to put extra emphasis on spending on native companies.”

Home-grown pastry store Tong Heng is among the many retailers featured within the marketing campaign.

General supervisor Ana Fong mentioned Tong Heng’s major problem as a standard small enterprise has been to evolve to remain related.

The store needed to stop operations for 3 weeks through the circuit breaker and was fortunate that it had adopted a digital technique lately that allowed it to replace prospects, added Ms Fong.

SMEs – usually outlined as firms with an annual turnover of lower than $100 million or fewer than 200 workers – kind a big a part of Singapore’s financial system, accounting for about 99.5 per cent of the nation’s enterprises and 70 per cent of the workforce.

Apart from monetary help and incentives for buyers, some firms are serving to SMEs reinvent themselves by means of know-how.

GrabFood Singapore senior director Dilip Roussenaly mentioned: “Even because the financial system step by step reopens, we consider that the present challenges confronted by SMEs resembling useful resource limitations and the lack of information within the digital enviornment will persist.”

Seize’s current initiatives to deal with this digital hole embrace its Seize Service provider Academy, a web-based coaching programme launched in September with modules for companies in areas resembling on-line retailer administration, menu optimisation and on-line advertising.

Companies can entry these modules by means of the GrabMerchant app.

Efforts by bigger firms to supply a lifeline to SMEs come as some authorities help for these companies tapers off within the coming months.

Assist measures have been earlier prolonged to permit companies in sectors most affected by the Covid-19 outbreak to defer 80 per cent of principal funds on secured loans granted to them by banks or finance firms, till June 30 subsequent yr.

Companies in different sectors can apply to defer 80 per cent of such funds till March 31 subsequent yr.

Loans granted beneath Enterprise Singapore’s enhanced Working Capital loan scheme and Momentary Bridging loan Programme are additionally eligible for deferment.



Tag: American Express


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