eNewsletter

Newsletter

Credence

Infocredit Holdings Group of Companies

eNews Issue 42, Mar 17



Dun & Bradstreet (Singapore) Pte Ltd  | Dun & Bradstreet D&B (Malaysia) Sdn Bhd  | Infocredit Databank Pte Ltd | Credit Bureau (Singapore) Pte Ltd

NOTE FROM THE EDITOR

 

Welcome to the 42nd issue of Credence!

As we move into the second quarter of 2017, we are witnessing unprecedented changes and ever-increasing, new emerging business needs in the global market. In light of recent lapses in the Customer Due Diligence (CDD) measures and controls of financial institutions, the MAS has taken a hardline with banks and financing companies which have failed to comply with its Anti-Money Laundering (AML) requirements.

At Dun & Bradstreet (D&B) Singapore, we are committed to deliver business information and decision-ready insights to address the growing needs for greater compliance by companies. To meet your credit assessment needs, we have introduced an all-new Customized Due Diligence (CDD), Know Your Customer (KYC) Reports and Consumer Credit Score. Using a risk-based approach, D&B Singapore’s Customized Due Diligence Report is a first-of-its-kind risk management tool which provides a holistic assessment of a company’s inherent geographic, characteristic and credit risks both globally and locally. A risk-based approach enables you to identify and allocate resources required to manage areas in your business with higher exposure to risks. KYC Report serves as a quick and convenient tool for the KYC assessment of both corporates and individuals to determine if they are on any global sanctions and watchlists, have questionable associations or are the subject of negative media publicity. We have also introduced the all-new consumer credit score, a predictive forward-looking tool which provides critical insights into your consumers’ risk profiles. Whether it is for extending a loan or offering credit, SCCB’s Consumer Credit Score provides you with the high level of granularity needed to ascertain the creditworthiness of your consumer. Scroll down for more details on the features of these reports!

In other news, sentiments among the Singapore business community have rebounded into the expansionary zone following a contractionary first quarter of 2017. According to Singapore Commercial Credit Bureau (SCCB), BOI rose slightly from -1.22 percentage points in Q1 2017 to +2.66 percentage points in Q2 2017. Both services and wholesale trade sectors have emerged as the most optimistic sectors for Q2 2017 with 5 business indicators in the expansionary zone. Meanwhile, sentiments within the manufacturing sector have improved significantly with visible increases seen in 5 indicators. The outlook for the construction sector has deteriorated in Q2 2017 with all six business indicators moderating downwards.

In 2016, payment performance of local firms hit a new 5-year low since 2011. According to Singapore Commercial Credit Bureau (SCCB), the annual average proportion of slow payments increased since 2014 hit a new peak in 2016 at 44.71 per cent while the annual average proportion of prompt payments declined to a new 5-year low at 43.77 per cent in 2016. Quarter-on-quarter (q-o-q) payments have improved slightly across all five industries. This stands in contrast to Q3 2016 when slow payments deteriorated across all five industries. However, y-o-y payment delays continued to rise significantly for all 5 industries.

Delivering value does not end with customers but extends to the wider community and society writ large. Indeed, D&B Singapore has had the privilege of joining hands with Special Olympics Singapore for the very first time on 10 September 2016 for an Ultimate GRIT Challenge. By using sports as a vehicle to empower the lives of more than 76 underprivileged athletes, Infocredit Holdings, of which D&B Singapore is part of, aims to encourage teamwork, inclusivity for, integration and acceptance for the athletes from SO Singapore into mainstream society. Our CSR theme for 2016, GRIT, was conceived to mirror the values of the Infocredit Group of Companies. Being in the business of helping our customers grow relationships with their stakeholders through our extensive data coverage has always been our true north star. We strongly believe that such corporate ethos can be extended and applied to our CSR outreach efforts as well.

Connect with us ...


Eugene Z. 
Marketing Communications, Product Development & Marketing



3

DUN & BRADSTREET SINGAPORE
Q2 2017 Business Optimism Index

Business sentiments have rebounded into the expansionary zone for Q2 2017 following a pessimistic outlook in the preceding quarter. According to Singapore Commercial Credit Bureau (SCCB)’s latest quarterly Business Optimism Index (BOI) study, BOI rose slightly from -1.22 percentage points in Q1 2017 to +2.66 percentage points in Q2 2017. On a year-on-year (y-o-y) basis, BOI has increased marginally from +0.89 percentage points in Q2 2016 to +2.66 percentage points in Q2 2017.

For Q2 2017, 4 of six indicators were expansionary while the remaining 2 indicators were contractionary.

Read More… 

3

SINGAPORE COMMERCIAL CREDIT BUREAU
Q4 2016 Payment Trend Press Release

Payment performance of local firms has hit a new-low in 5 years since 2011. According to Singapore Commercial Credit Bureau (SCCB), the annual average proportion of slow payments have increased since 2014 and hit a new 5-year high in 2016 at 44.71 per cent while the annual average proportion of prompt payments have declined to a new 5-year low at 43.77 per cent in 2016.

From a sectoral perspective, q-o-q slow payments have improved slightly across all five industries. This stands in contrast to Q3 2016 when slow payments deteriorated across all 5 industries. However, y-o-y payment delays continued to rise significantly for all 5 industries.

Read More… 

3

INFOCREDIT HOLDINGS
Infocredit Cares & Special Olympics joins hands for The Ultimate Grit Challenge

On 10 September 2016, Infocredit Holdings has joined hands with Special Olympics Singapore for the very first time, in using sports as a vehicle to empower the lives of more than 76 underprivileged athletes. Through an Ultimate GRIT Challenge, Infocredit aims to encourage teamwork, inclusivity for, integration and acceptance for the athletes from SO Singapore into mainstream society.

Infocredit’s CSR theme for 2016 – GRIT- was conceived to mirror the values of the Infocredit Group of companies. Being in the business of helping our customers grow relationships with their stakeholders through our extensive data coverage has been our true north star. We strongly believe that such corporate ethos can be extended and applied to our CSR outreach efforts as well.

Infocredit Cares CSR Newsletter Issue 03 & Full Event CoverageRead More… 

3

COUNTRY RISK
Credit Risk Changes

The risk ratings for Q1 2017 indicate that 2 countries have been upgraded and 5 countries have been downgraded.

Read More… 

3

D&B BUSINESS OPTIMISM INDEX - MALAYSIA
1st Quarter 2017 Malaysia Business Optimism Index

Malaysian businesses remain moderately upbeat in Q1 2017 amid global uncertainties

Business confidence in Malaysia remains upbeat despite signs of downward moderation in Q1 2017. According to Dun & Bradstreet (D&B) Malaysia’s Business Optimism Index (BOI) study, overall BOI has remained in the expansionary region, slipping for the third consecutive quarter, from +3.83 percentage points in Q4 2016 to +1.65 percentage points in Q1 2017. On a year-on-year (y-o-y) basis, BOI fell moderately from +4.75 percentage points in Q1 2016 to +1.65 percentage points in Q1 2017. 4 of six indicators have moderated downwards while 2 indicators have improved in Q1 2017 on a quarter-on-quarter (q-o-q) basis.

Read More… 

3

SCCB PRODUCT FEATURE
Customized Due DiligenceNew!

Is your business sufficiently protected from potential risks through the adoption of comprehensive due diligence measures?

In an ever-changing business landscape, risks have become more complex and harder than ever to manage. Before developing a relationship with a new customer, supplier or other business partner, you need to be as sure as possible that they do not pose any threats. This involves researching the business and its principals to find out if they are on any sanction or watch lists, have questionable associations or are the subject of negative publicity.

Read More… 

Know Your CustomerNew!

Did you know that the lack of Know Your Customer (KYC) Due Diligence is one of the key reasons for business failure? Every high-risk business sends out certain warning signs before is eventual collapse. Such adverse consequences can be avoided by taking strategic measures. Singapore Commercial Credit Bureau (SCCB)’s KYC Report serves as a quick and convenient tool for the KYC assessment of both corporates and individuals to determine if they are on any global sanctions and watchlists, have questionable associations or are the subject of negative media publicity.

Read More… 

Consumer Credit ScoreNew!

Is your due diligence hindered by the lack of predictive, forward-looking tools which provide critical insights into your consumers’ risk profiles?

Adopting world-class rigorous methodologies, Singapore Commercial Credit Bureau’s Consumer Credit Score is a first-of-its kind, predictive decisioning tool which enables you to benchmark and conduct an accurate risk profiling of your consumer database. Whether it is for extending a loan or offering credit, SCCB’s Consumer Credit Score provides you with the high level of granularity needed to ascertain the creditworthiness of your consumer.

Read More… 

3

SME GUIDE
The Guide to Corporate Establishment in Singapore

Renowned for its highly skilled workforce and competitive business environment, Singapore is a valuable entry point to ASEAN, and filled with investment opportunities for firms seeking to establish themselves within Southeast Asia.

Find out more about the initial steps required for setting up Representative Offices and Private Limited Companies – two of the most effective investment vehicles for foreign companies seeking to establish a presence within Singapore. The decision on which type of investment to make is largely determined by the nature of activities that a given firm is hoping to accomplish.

Read More… 

3

D&B ASIA
Country Spotlight: China

China’s upstream industrial supply cuts and domestic stimulus helped revive key global commodities in 2016. Its copper import rose 31% year-on-year in Q1-Q3 2016m imparting optimism to the market (our price forecasts for 2018 shifted back over USD5,300 per tonne). Coal imports rose from under 40m tonnes in Q1 2016 to almost 60 million tonnes in Q3 2016, after the state work safety agency enforced a limit or 276 working days on the coal industry, reviving coal prices, with Australian and Indonesian coal taking up most of the demand gap. In allied sector, China’s steel mills increased output and sourced more overseas iron ore at the expense of the high-cost domestic industry. China is unlikely to be continuously supportive for commodities in 2017 with OPEC and non-OPEC oil producers rather taking up the task of upstream supply cuts. << read more >>

Read More… 

3

D&B Product Feature
D-U-N-S® Registered™ SealNew!

With the increase in potential trade flows brought about by the growing clout of trade blocs and economic integration within ASEAN and beyond, it is vital for businesses to rise above the competition and be certified in the global arena. The D-U-N-S® Registered™ is a “seal of business opportunity” that raises a firm’s profile internationally and create to prepare firms for a level playing field, where global standards, business verification and transparency are emphasized upon.

D-U-N-S® Registered™ Seal

Read More… 

Impact of the Trans-Pacific Partnership on Asia

Read More… 

3


For Advertising Enquiries:

Please email dnb.marketing@dnb.com.sg to find out more.


3

Archives

Click here for previous issues of Credence Newsletter. 


3

ASIA Newsflash

Business intelligence is the key to gaining the competitive edge and driving your business results. In order to gain the competitive advantage and conduct research swiftly you need to get quick access to exactly the right business information. D&B provides you with the business information you need, in the format you need, when you need it. Whether you are a library, corporate information center, or marketing and sales department our business directories and publications cover the locally and International markets to provide you with the unparalleled breadth and depth of business information you've come to expect from D&B. 

ASIA Newsflash rounds up monthly exciting developments in D&B, news around the region, data stories and product updates. 

Click here for the updated issue of ASIA Newsflash.

Click here for the previous issue of ASIA Newsflash.


3

ASEAN Business Optimism Index

The D&B ASEAN Business Optimism Index (BOI) is a measure of business confidence in the ASEAN-6 economies – Singapore, Malaysia, Indonesia, Philippines, Thailand and Vietnam. Released quarterly, it is based on a business sentiment survey that is designed to capture business expectations and is one of the most effective ways to track how the business community perceives the business environment, and where they think it is moving. This is commonly used, worldwide, to assist in analyzing major trends and issues concerning the business community through tracking business parameters including net profits, selling prices, new orders, inventory levels, and employee count.

Click here for the latest issue of D&B ASEAN Business Optimism Index.

Click here for the previous issues of D&B ASEAN Business Optimism Index.