eNewsletter

Newsletter

Credence

Infocredit Holdings Group of Companies

eNews Issue 44, Sep 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 44th issue of Credence!

Is your business ready for the future challenges brought about by the economic restructuring? The only way to future-proof your business is to start thinking differently about risks. At Dun & Bradstreet Singapore, we are committed to delivering value-added information and decision-ready insights to meet your business needs. Hence, we are delighted to present to you our latest edition of Asia Newsflash which rounds up recent developments in D&B, news from around the region, data stories and product updates!

Dun & Bradstreet has shifted India’s country risk trend outlook from ‘improving’ to ‘stable’, as the RBI cited a ‘weakening pattern of industrial performance’ and a poor industrial outlook survey in Q2. This is after a 12-year low in new investment announcements in Q1 2017, and falls in electricity, coal and fertiliser production in June in line with excess coal inventories and surplus electricity capacity, alongside continued contractions in cement output, despite rising steel output. It also cited falling consumer durables output as suggestive of weak urban demand growth.

Back in Singapore, local business sentiments have remained upbeat despite moderating slightly for the final quarter of 2017. According to Singapore Commercial Credit Bureau (SCCB), BOI dropped from +3.58 percentage points in Q3 2017 to +2.60 percentage points in Q4 2017. The manufacturing, services and wholesale sectors emerged as the most optimistic sectors with 4 indicators in the expansionary zone. Meanwhile, the construction sector remained downbeat with only two indicators in positive territory.

Singapore payment performance has hit a new peak in one-year for Q2 20117, with retail and wholesale sectors registering the lowest proportion of slow payments. According to Singapore Commercial Credit Bureau (SCCB), slow payments have accounted for slightly less than two-fifths of total payment transactions while prompt payments accounted slightly more than half of the payment transactions. Q-o-q slow payments have improved across all five industries. This stands in contrast to Q1 2017 when only 2 of five industries experienced slight improvements in slow payments. Y-o-y slow payments have improved across all five industries.

As D&B Singapore’s ongoing commitment to CSR, it has reached out to Special Olympics (SO) Singapore for the second consecutive year on 2nd September 2017 for an Ultimate GRIT Challenge. Over 70 athletes from SO Singapore took part in a fun-filled morning at the Ultimate Grit Challenge by Infocredit Cares. Held at the Singapore Sports Hub venue partner for the event, athletes had the opportunity to partake in modified versions of sporting activities, including CrossFit and Street Soccer. The event is supported by social enterprise Love Action Project, and was designed to present the beneficiaries at SO Singapore with new sporting experiences in conjunction with sporting events taking place in the region. Through the 2017 Ultimate Grit Challenge, Infocredit Cares hope to not only drive home the important message of teamwork and exclusivity, but also empower the beneficiaries by incorporating values of innovation and conservation, which are critical pillars of a sustainable community. Participants were given a BPA free bottle to reduce the use of bottled water, and awarded with recycled medals, framed with written notes by its former owners – staff at IHPL, to thank them for their participation

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DUN & BRADSTREET SINGAPORE
Q4 2017 Business Optimism Index

Business sentiments among local companies have remained upbeat despite moderating slightly for the final quarter of 2017. According to Singapore Commercial Credit Bureau (SCCB)’s Business Optimism Index study, BOI dropped from +3.58 percentage points in Q3 2017 to +2.60 percentage points in Q4 2017. On a year-on-year (y-o-y) basis, BOI declined slightly from +2.87 percentage points in Q4 2016 to +2.60 percentage points in Q4 2017.

As with Q3 2017, 5 indicators are expansionary and 1 indicator is contractionary.

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SINGAPORE COMMERCIAL CREDIT BUREAU
Q2 2017 Payment Trend Press Release

Payment performance of Singapore firms has hit a new peak in one year for the second quarter of 2017, with retail and wholesale sectors registering the lowest proportion of slow payments. According to Singapore Commercial Credit Bureau (SCCB), slow payments have accounted for slightly less than two-fifths of total payment transactions while prompt payments accounted slightly more than half of the payment transactions.

From a sectoral perspective, q-o-q slow payments have improved across all five industries. This stands in contrast to Q1 2017 when only 2 of five industries experienced slight improvements in slow payments. Y-o-y slow payments have improved across all five industries.

Read More… 

Special Report: 2016 Overseas Credit Searches

Foreign credit searches by Singapore firms have declined for the third consecutive year in light of weakening global trade over the past year. According to Singapore Commercial Credit Bureau (SCCB), overseas credit searches by local businesses have fallen by 1.16 per cent in 2016, which marked a decelerated decline from 2015 when overseas credit searches dropped by 19.13 per cent.

For the fourth consecutive year, the ASEAN region accounted for the highest proportion of overseas credit searches by Singapore firms, followed by East Asia and Europe. However, there was a notable decline in the proportion of both ASEAN and European credit searches by local firms. According to SCCB, the proportion of credit searches made on ASEAN and European companies fell to less than two-fifths and slightly more than a tenth of total credit searches respectively.

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INFOCREDIT HOLDINGS
Infocredit Cares brings The Ultimate Grit Challenge to Special Olympics Singapore Athletes

On 2nd September 2017, over 70 athletes from Special Olympics (SO) Singapore took part in a fun-filled morning at the Ultimate Grit Challenge by Infocredit Cares. Held at the Singapore Sports Hub venue partner for the event, athletes had the opportunity to partake in modified versions of sporting activities, including CrossFit and Street Soccer. The event is supported by social enterprise Love Action Project, and was designed to present the beneficiaries at SO Singapore with new sporting experiences in conjunction with sporting events taking place in the region.

This is the second consecutive year Infocredit Cares is partnering SO Singapore as part of Infocredit Holdings’ commitment to social responsibility, philanthropy and volunteerism. Athletes and supporting IHPL staff competed in a series of innovative sports (Amazing Race style) including CrossFit, Relay Run, Street Soccer and Tele-match. Through the 2017 Ultimate Grit Challenge, Infocredit Cares hope to not only drive home the important message of teamwork and exclusivity, but also empower the beneficiaries by incorporating values of innovation and conservation, which are critical pillars of a sustainable community. Participants were given a BPA free bottle to reduce the use of bottled water, and awarded with recycled medals, framed with written notes by its former owners – staff at IHPL, to thank them for their participation.

Infocredit Cares CSR Newsletter Issue 04 & Full Event Coverage

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COUNTRY RISK
Credit Risk Changes

The risk ratings for Q3 2017 indicate that 6 countries have been upgraded and 5 countries have been downgraded.

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D&B BUSINESS OPTIMISM INDEX - MALAYSIA
3rd Quarter 2017 Malaysia Business Optimism Index

Business sentiments remain optimistic in Q3 2017

Business confidence in Malaysia has remained marginally optimistic for Q3 2017. According to Dun & Bradstreet (D&B) Malaysia’s Business Optimism Index (BOI) study, overall BOI inched slightly from +3.07 percentage points in Q2 2017 to +3.40 percentage points in Q3 2017. On a year-on-year (y-o-y) basis, BOI eased from +4.42 percentage points in Q3 2016 to +3.40 percentage points in Q3 2017. 3 of six indicators have moderated upwards for Q3 2017.

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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.

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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 its 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.

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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.

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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.

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D&B ASIA
Country Spotlight: India

Dun & Bradstreet has shifted India’s country risk trend outlook from ‘improving’ to ‘stable’, as the RBI cited a ‘weakening pattern of industrial performance’ and a poor industrial outlook survey in Q2. This is after a 12-year low in new investment announcements in Q1 2017, and falls in electricity, coal and fertiliser production in June in line with excess coal inventories and surplus electricity capacity, alongside continued contractions in cement output, despite rising steel output. It also cited falling consumer durables output as suggestive of weak urban demand growth.

Read More… 

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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

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Impact of the Trans-Pacific Partnership on Asia

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For Advertising Enquiries:

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


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Archives

Click here for previous issues of Credence Newsletter. 


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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.


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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.