TECHNOLOGY investments are the top investment priority for small businesses in South-east Asia this year. They are counting on technology to overcome the impact of the Covid-19 pandemic on their operations. Read more at The Business Times.
Small businesses from the food and beverage, information and communications technology and healthcare sectors indicated the strongest desire to boost their technology investments, followed by those in construction and retail trade .
In terms of cash flow issues, three-quarters of businesses polled are seeking deferments on their loan repayments and renegotiating the terms of their contracts with suppliers and landlords, while 73 per cent are looking to Covid-19-related financing schemes to increase their working capital. The lender is helping its small business customers identify and implement digital solutions to manage their operations effectively and virtually, he added.
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