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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


FROM THE EDITOR'S DESK

Gloomy Days Ahead





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


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 Wars
The 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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Archives
Credence Issue 20 << read more >>
Credence Issue 19 << read more >>




Credence Issue 18
<< read more >>
Credence Issue 17 << read more >>
Credence Issue 16 << read more >>
Credence Issue 15 << read more >>
Credence Issue 14 << read more >>
Credence Issue 13 << read more >>
Credence Issue 12 << read more >>
Credence Issue 11 << read more >>
Credence Issue 10 << read more >>
Credence Issue 9 << read more >>
Credence Issue 8 << read more >>
Credence Issue 7 << read more >>
Credence Issue 6 << read more >>
Credence Issue 5
Credence Issue 5 Supplement
Credence Issue 4
Credence Issue 3
Credence Issue 2
Credence Issue 1
Credence Issue 1 Supplement


 

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