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yoda
Posts:264
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| 02/14/2008 5:38 PM |
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Project Youth Regeneration (PYR) Project
PYR Services’ mission is to empower the physically challenged and out-of-school youths and maximise their potential to lead dignified and independent lives.
Youths with physical challenges (PCY) consists of individuals who due to their physical disabilities, have found uphill challenges in seeking employment in the open market. The main reasons for their rejection from many employers are the lack of opportunities and ‘work-readiness’ skills.
At the same time, there are a group of youths who are no longer in school. The out-of-school youths (OSY) have only lowly-paid jobs to look forward to due to their pre-school leaving stint. However, they are known for their street-smart capabilities and survival instinct.
The project is dedicated to empower the PCYs & OSYs to overcome the challenges they face. The tripartite collaboration among Tyem Academy, AWWA TM Inc. and ERA Real Estate is specifically designed to provide employment opportunities for these two groups of people in the real estate industry under the assistance of real estate agents at the established ERA Real Estate.
PYR will encourage the self-sufficiency and entrepreneurial spirit of the PCYs and OSYs, building their self-confidence despite them not receiving ready acceptance from the public. PYR serves as a platform for these youths to discover their strengths, and be taken through a process of self-regeneration and ultimately, self-empowerment, to realise |
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yoda
Posts:264
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| 03/19/2008 9:57 PM |
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Social Enterprise NEWS
DBS LAUNCHES SPECIAL BANKING PACKAGE FOR SOCIAL ENTERPRISES
First-of-its-kind package in Singapore offers
preferential terms, knowledge-sharing opportunities
SINGAPORE, 17 March 2008 - DBS Bank today launched a banking package specially tailored to social enterprises, in support of the growth of social entrepreneurship in Singapore.
DBS' Social Enterprise Special Package, an industry first, offers social enterprises preferential rates on business loans and unsecured overdrafts, and fee waivers for a slew of services, among other benefits.
To further enable and empower social enterprises to become commercially viable, DBS Enterprise Banking is committed to sharing its financial and business know-how with them through business mentoring clinics.
Through its Enterprise Banking unit, DBS has been actively supporting social entrepreneurship as part of its community outreach programme since December 2007.
"With our experience in supporting commercial enterprises, we hope to contribute to the growth of social entrepreneurship in Singapore. To succeed in an increasingly competitive, global economy, social enterprises will need to equip themselves with business capabilities to stay commercially viable. At DBS, we are committed to value adding to social enterprises through knowledge-sharing in the area of banking and finance. The motivation behind this is to facilitate the growth and commercial viability of social enterprises so that they can, in turn, pursue their social causes on a self-sustaining basis," said DBS head of Enterprise Banking Edwin Khoo.
Added Mr Gerard Ee, Chairperson of the Financing Subcommittee of the Social Enterprise Committee, "The Social Enterprise Committee, in evaluating how to grow the social enterprise sector in Singapore, found that social enterprises would benefit from more financing options as well as enhanced business support and training. I am very pleased that DBS is leading the way by introducing the DBS Social Enterprise Special Package and by its commitment to support social enterprises through knowledge sharing. These efforts will go a long way towards helping local social enterprises address their financial needs."
Benefits available under the Social Enterprise Special Package include:
Preferred rates on unsecured lending products. The interest rate payable by social enterprises on unsecured overdrafts and business loans is 10.5% per annum, at least 2 percentage points lower than comparable rates charged to commercial borrowers.
Two-year annual fee waiver for the DBS Business Platinum Card.
Waiver of processing fees for government-assisted programmes, such as the SGD500 processing fee for micro loans under SPRING Singapore's Local Enterprise Finance Scheme.
Waiver of fees for the usage of DBS' cash management services for the first year.
In addition, employees of social enterprises will be granted special privileges for a whole range of personal banking services, including mortgage loans, renovation loans, auto loans, credit cards and general insurance.
DBS was the official bank sponsor of the Social Innovators' Forum and the 2007 Schwab Social Entrepreneur of the Year Award organised by the Social Innovation Park in mid-December 2007.
About DBS
Headquartered in Singapore, DBS is one of the largest financial services groups in Asia with operations in 15 markets. The largest bank in Singapore as measured by assets, and a leading bank in Hong Kong, DBS' "AA-" and "Aa1" credit ratings are among the highest in the Asia-Pacific region. DBS has leading positions in corporate, SME and consumer banking, treasury and markets, wealth management, securities brokerage, equity and debt fund raising. Beyond the anchor markets of Singapore and Hong Kong, DBS serves corporate, institutional and retail customers through its operations in China, India, Indonesia, Malaysia, Thailand and The Philippines. More information about DBS Group Holdings and DBS Bank can be obtained from our website www.dbs.com.
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yoda
Posts:264
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| 03/19/2008 11:11 PM |
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DBS rolls out deal for Singapore social enterprises
It tailors package to provide financing options and business mentoring for SEs
Lynette Khoo, Business Times 18 Mar 08;
IN a first move among banks to reach out to some 150 social enterprises (SEs) in Singapore, DBS Bank yesterday launched a banking package tailored to provide the financing that is often lacking for these organisations.
DBS Bank is also setting up business mentoring clinics, where experienced bankers at DBS would provide social enterprises with the financial and business know-how.
The SEs that qualify for the DBS Social Enterprise Special Package would have to fall under the SE definition by the MCYS and achieve double bottom lines - social dividends and profits, said DBS Bank's managing director for enterprise banking Lim Chu Chong.
This, he noted, is an extension of DBS' enterprise banking, which currently serves commercial enterprises.
The special package offers social enterprises preferential rates on business loans and unsecured overdrafts as well as fee waivers for a slew of services, among other benefits.
The interest rate payable by social enterprises on secured overdrafts and business loans is 10.5 per cent a year, at least two percentage points lower than comparable rates charged to commercial borrowers.
DBS Bank would also waive fees for the use of its cash management services for the first year for SEs under this package. Employees of social enterprises can enjoy special privileges for a whole range of personal banking services, including mortgage loans, renovation loans, auto loans, credit cards and general insurance.
DBS Bank head of business solutions group, enterprise banking, Davy Goh, said this standard package is appropriate for most social enterprises but looking ahead, the bank will seek to provide customised packages .
In a study conducted by the Social Enterprise Committee chaired by by Spring Singapore chairman Philip Yeo, social enterprises would benefit from more financing options, business mentoring and training. A key recommendation of the SE Committee in December last year was to encourage diversified sources of funding beyond grants, from private companies, venture capitalists and banks.
Mr Lim said that while the banking services are available to all SEs, the eligibility of SEs for DBS corporate loans will be assessed in the same way as commercial small and medium enterprises.
For instance, DBS Bank will assess an SE's years of operation and profitability, account integrity and credit history.
The package is expected to be profitable for DBS Bank, he added, though the basic banking services portion may not be profitable on a standalone basis.
DBS Bank is also seeking to engage like-minded customers to provide business mentoring to social entrepreneurs and supporting social enterprises in the bank's procurement of goods and services where appropriate, said Mr Lim.
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albertjames
Posts:1
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| 09/24/2008 8:12 AM |
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This was one topic of conversation that came up today at the unveiling of a big bit of research commissioned by OTS on what's needed to get social enterprise and entrepreneurship into the mainstream. The title of the presentation was "Social Enterprise at the Crossroads.
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albertjames
[url=http://www.drivenwide.com]Buzz Marketing[/url] |
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yoda
Posts:264
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| 09/29/2008 10:16 PM |
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Look out for our social innovator's forum 08 ..from 28th to 30 nov..want to know more..
log on to www.socialinnovationpark.org |
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