| eNewsletter:
Credence |
Infocredit Holdings Group of Companies
Dun & Bradstreet (Singapore) Pte Ltd | Dun &
Bradstreet D&B (Malaysia) Sdn Bhd | Infocredit Ocean Bridge Pte Ltd | Infocredit
Databank Pte Ltd | Credit Bureau
(Singapore) Pte Ltd
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FROM
THE EDITOR'S DESK
Gloomy Days Ahead
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Leading economies from the US and
Euro zone continue to remain volatile as national leaders continue
to grapple with debt woes. As global growth outlook for the next
years looks expectantly subdued, Asian economies will be no
exception. In Asia, growth is expected to slow as Euro zone
continues to threaten its export-driven economies, although support
from domestic demand remains resilient. Back in Singapore, it seems
that harder economic times have lead to a series of consumer scams
amongst local retailers. One of which was averted in time, thanks to
timely credit checks made through the services of Singapore
Commercial Credit Bureau.
Given uncertain times ahead,
commercial credit risk information to assess the financial health
and viability of business partners remains more relevant to
companies than ever before. In October, D&B Singapore officially
launched
Portfolio Manager,
a new analysis tool that merges customer receivables data with D&B's
databases to allow your business to have a better understanding and
monitoring of customers' risk profiles in order to initiate
pre-emptive measures to safeguard your business interests.
Penny
Phua
Marcom & Product Manager, Product Development &
Marketing
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Credence highlights on Issue 21
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D&B
SINGAPORE
4th
Quarter Singapore Business Optimism Index
The
prolonged crisis in Europe, the failure to implement effective recovery
policies by the U.S., and the possible slowdown in China, combined to
suggest a bleak outlook ahead. The fourth quarter D&B Business Optimism
index (BOI) survey has found businesses in Singapore generally gloomier on a
range of indexes, indicating that companies now expect little change in
growth pace for the rest of 2011.
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Q3 PAYMENT TREND PRESS RELEASE
Singapore payment performance picks up in third quarter
Q3 payment performance came in slightly better than expected, as
local firms made a rebound with overall payment promptness
rising to 46 per cent, up 7 percentage points from Q2, 2011
according to Singapore Commercial Credit Bureau (SCCB) latest
analysis.
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COUNTRY
RISK
Credit
Risk Changes
The risk ratings for the month of
November
indicate that 2 countries had been upgraded and 5 countries downgraded.
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D&B
INTERNATIONAL RISK & PAYMENT REVIEW
FOCUS: The
Impact of Currency WarsThe
sovereign debt crises in the US and Europe have dominated the headlines
as concerns rise that demand from emerging economies will not prevent a
second recession. A further danger lurks behind the headlines: 'currency
wars' and the attendant rise in protectionist policies, both of which
threaten the efficiency of supply chains.
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D&B
NEW PRODUCT FEATURE
Portfolio Manager
D&B introduces a new
analysis tool that merges your customer receivables data with D&B's
databases to allow your business to have a better understanding and
monitoring of your customers' risk profiles in order to initiate
pre-emptive measures to safeguard your business interests.
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CREDIT
BUREAU SINGAPORE
Motorists In Singapore Take Bigger Loans
Latest
figures from Credit Bureau Singapore reveal that as car prices head upwards,
motorists in Singapore are chalking up bigger debt on their motor vehicle
financing.
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SME
MARKET WATCH
Due
Diligence Check via Singapore Commercial Credit Bureau Averted Retailer from
Consumer Scam
Recent events have raised
retailers' attention to the importance of performing due diligence checks on
consumers to prevent cases of consumer frauds and scams.
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POWER
PHILOSOPHER
Crimeware: Theft of Information and Identity
In recent times, crimeware
has been used against corporate rivals, although the majority of cases have
been on a small scale.
Dr Mike Teng shares the
latest information on cyber-threat landscape and identity theft.
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