Wednesday, May 29, 2024

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The Monetary Authority of Singapore (MAS) will be joining the Department of Trade and Industry (DTI) fair to assist small businesses in the Philippines expand their reach internationally.


The DTI announced that the MAS, Singapore’s central bank, will participate in Financial Fitness Fair 2023, a gathering focused on tackling financial concerns.financial and capacity-building needs of micro, small, and medium enterprises (MSMEs) seeking to expand to overseas markets.

The Global MSME Academy (GMEA), which is a part of the DTI agency Philippine Trade Training Center, announced on Monday that their Executive Director, Nelly Nita N. Dillera, stated that the event aims to support MSMEs in succeeding in the worldwide market.

Proxtera Pte. Ltd, a Singaporean company that offers services for small businesses, is also participating in the event. One of their services is a financial empowerment program specifically designed for small businesses.

Ms. Dillera stated that the partnership between GMEA, the Monetary Authority of Singapore, and Proxtera highlights our dedication to supporting MSMEs by equipping them with the necessary resources to thrive in a competitive global market.

The GMEA is organizing the Financial Fitness Fair on October 24-25 to offer training and capacity-building opportunities for MSMEs.

The DTI stated that the upcoming Financial Fitness Fair 2023 will be a crucial step in supporting and fostering the development of MSMEs. It is expected to provide an exceptional chance for MSMEs to showcase themselves on a global level.

The fair guarantees free access to literacy courses worldwide through the SME Financial Empowerment (SFE) platform.fi

We offer financial services, business clinics, and opportunities to discover and enter the Singapore market.

The SFE program is a partnership among MAS, the International Finance Corp., and the United Nations Development Programme, which aims to “foster foundational digital literacy and a profound understanding of cross-border fi

Financial services are essential for the success of small and medium-sized enterprises in the digital economy.

Starting in August 2022, the program offers classes on financial literacy and green financing. – Justine Irish D. Tabile