THE Department of Trade and Industry (DTI) said Singapore’s central bank, the Monetary Authority of Singapore (MAS), will take part in Financial Fitness Fair 2023, an event designed to address the financial and capacity-building needs of micro, small, and medium enterprises (MSMEs) seeking to expand to overseas markets.
Executive Director Nelly Nita N. Dillera of the Global MSME Academy (GMEA), an arm of the DTI agency Philippine Trade Training Center, said in a statement on Monday that the fair is designed to help MSMEs thrive the global economy.
Also collaborating in the event is Singapore small-business services company Proxtera Pte. Ltd. Proxtera’s services include a financial empowerment program targeted at small business.
“This collaborative effort between GMEA, the Monetary Authority of Singapore, and Proxtera is a testament to our commitment to empower MSMEs and provide them with the tools they need to succeed in a competitive world,” Ms. Dillera added.
GMEA provides training and capacity-building programs to MSMEs, will stage the Financial Fitness Fair on Oct. 24-25.
“This event is a critical milestone in the journey towards empowering and nurturing the growth of MSMEs. The Financial Fitness Fair 2023 promises to be an unparalleled opportunity for MSMEs to seize the global stage,” the DTI said.
The fair promises free access to global literacy courses through the SME Financial Empowerment (SFE) platform, global financial services, business clinics and pathways to explore and enter the Singapore market.
The SFE program is a partnership among MAS, the International Finance Corp., and the United Nations Development Programme, which aims to “foster foundational digital literacy and a profound understanding of cross-border financial services crucial to the success of SMEs in the digital economy.”
Launched in August 2022, the program encompasses financial literacy and green financing courses. — Justine Irish D. Tabile