It’s impossible to browse the news without seeing at least one article detailing the consequences of the US-China trade war that have been escalating since 2018.
For a large number of small to medium businesses here in Hong Kong, cross-border or international commerce is a large part of their day-to-day operations. This includes both selling and buying from international counterparties. What this means for businesses, is that they will constantly face issues with FX, remittance, transfers and dealing with foreign payment costs that are not always be clear. So it becomes important to understand what the options are when it comes to sending money overseas for business purposes.
As a nation with a relatively smaller domestic population, Singapore businesses have always thrived on being able to enter global markets. This ongoing trend of internationalisation is largely driven by Singapore’s advancements in innovation