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Tradewind Finance Provides Export Factoring Facility for Laser Equipment Company in Guangdong

HONG KONG SAR – Media OutReach – 16 June 2021 – Tradewind Finance has reached an agreement with a laser equipment company in Guangdong that sells to Germany, Britain, Italy, and Poland, among other countries. The export factoring arrangement will support open account terms of up to 120 days with the company’s customers.

As a traditional trader, the company offers various brands of laser cutting machines. In addition, the company builds its own line of 3D printers. Its products are favored by overseas customers, with annual sales reaching RMB 10 million.

Although the company has strong profitability, R&D and other investment costs consume much of the company’s cash flow, which keeps it from undertaking credit orders and hence restricted its growth plans. To meet its capital demands, the company turned to Tradewind Finance for financial support.

Tradewind Finance designed a customized export factoring package for the company, providing a revolving quota of 350,000 euros for its 120-day open account orders shipped to Europe. The arrangement ensures that its buyers could enjoy longer payment terms without hurting the company’s cash flow.

With the financing from Tradewind, the company can take on more high-quality orders, pursue sales growth, and ease financial pressure.

“Tradewind’s international capabilities, combined with our on-the-ground support from our China office, enabled us to respond quickly to our client’s needs. Our financing not only accommodates 120-day open account terms, but funding can also grow as orders increase,” said Andy Zeng, Vice President of Sales for Tradewind China.

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, mainland China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s exporters and importers.

#TradewindFinance

Laos Confirms Eight New Cases of Covid-19

Covid-19 Update

Laos has recorded eight new cases of Covid-19 today, bringing the total number of cases in the country to 2,033.

917Ventures: Creating digital lifelines for Filipinos

MANILA, PHILIPPINES – Media OutReach – 16 June 2021 – 917Ventures‘ digital innovations have enabled consumers and businesses to thrive and triumph in today’s challenging environment. Companies like GCash, KonsultaMD, HealthNow, RUSH, AdSpark, and PureGo have become the new lifelines for Filipinos during this pandemic.

GCash helps its 40million users securely send money, pay for goods and services online, and empowers small businesses to thrive through cashless solutions. GCash was also one of the channels used by the government to safely distribute financial assistance to Filipinos through its Social Amelioration Program last year.

Following its momentum in 2020, GCash continues to innovate and reinvent the Filipino way of life through easy access to financial services through: GLife – access to mini-apps to shop, eat and play; GInvest – participate in high yielding investments; GInsure – life and health insurance; GSave – get the best savings rate in the country with no minimum balance required; and GCredit – the first digital credit model and mobile credit line in the Philippines.

917Ventures offers reliable healhtech platforms such as KonsultaMD and HealthNow. Consultations made through KonsultaMD skyrocketed by 461 percent in 2020 compared to the previous year. HealthNow, an app that has been downloaded over 240,000 times since August last year, offers easy access to healthcare services, which include video consultation and medicine delivery.

Complementing the door-to-door delivery of medicines is PureGo’s platform for quick and easy grocery shopping, enabling customers easier access to home essentials.

For B2B markets, AdSpark and RUSH help accelerate the digital footprint of brands through digital advertising solutions, customer engagement, and loyalty programs.

AdSpark, through its access to consumer intelligence, enables businesses to grow throughout their digital transformation journey. ThoughtSparkers, AdSpark’s flagship whitepaper powered by AdSpark Intelligence, helps drive communication strategies by studying the Filipino psyche.

RUSH offers digital innovations around customer loyalty and retention through easy-to-use programs to help businesses grow in the digital space.

“We know how tough our battle against this pandemic is, and we are all at risk, especially those who need to be physically present in their jobs. So we continue to reinvent lifestyle and movement through different products and services in the areas of health, e-commerce, financial technology, and advertising technology that deliver indelible value to consumers and businesses,” said Vince Yamat, 917Ventures Managing Director.

A subsidiary of Globe, 917Ventures has helped startups maximize Globe’s ‘Unfair Advantage’ by leveraging Globe’s rich asset base. Globe’s customer base of over 80 million, one million distribution points, 150,000 enterprise partners and massive networks and affiliates are what startups can tap. Being a venture builder, the company constantly looks for new ideas to launch and accelerate to further improve Filipino lives.

917Ventures is also part of Globe’s 5G Hackathon, providing mentorship to participants of the nationwide competition welcoming students and professionals to innovate and pitch their solutions to help various aspects of the Philippine society.

To know more about 917Ventures, visit https://917ventures.com/.

#GlobeTelecom #917Ventures

Emergency Assistance Provided for Xayaboury Flood Victims

Emergency Assistance Provided for Xayaboury Flood Victims
Emergency Assistance Provided for Xayaboury Flood Victims (Photo: Vientiane Mai)

Provincial authorities in Xayaboury Province are accelerating the delivery of emergency relief to help the thousands of residents affected by floods.

Prime Day 2021 Deals Preview: Two Days, More Than 2 Million Deals, Starting June 21 in Singapore

  • Prime Day starts at 12am SGT on June 21, offering 48-hours of epic savings and over two million deals globally from amazing brands including Canon, Nerf, Razer, Sonos, JuJuBe, and many more
  • Prime members can expect more than 2,500 deals from small businesses this Prime Day including Love From Yours, Oddbods, Happyganics, IDS Skincare, CATKIN, and more
  • Stay tuned for the Prime Day Show 2021 starting June 17, featuring Billie Eilish, H.E.R., and Kid Cudi on Prime Video

SINGAPORE – Media OutReach – 16 June 2021 – (NASDAQ: AMZN) Amazon is ready to release more than 2 million deals for Prime members globally, including Singapore. The savings extravaganza has more deals than any Prime Day before and will start on June 21 at 12am SGT for 48 hours of epic deals. Prime Day will feature something for everyone across generations – whether it be Bargain Hunters, Practical Shoppers, Shopaholics, or Informed Buyers – and offer ways to spend less with Lightning Deals, Amazon Coupons, Amazon.sg e-Gift Card promotions, and more. In celebration of Prime Day, all customers can enjoy a three-part musical event premiering globally on Prime Video as part of the Prime Day Show on June 17. Not a Prime member yet? Anyone can join Prime or start a 30-day free trial at amazon.sg/prime to participate in Prime Day.

Support and Shop Deals from Small Businesses

Amazon Singapore is making it easy for customers to support small businesses this Prime Day by launching a curated storefront to connect customers with small businesses. From healthcare to baby products, small businesses such as Love From Yours, Oddbods, Happyganics, IDS Skincare, EXPRESSIONS, Fistech, CATKIN, and more have teamed up to offer more than 2,500 deals across categories for Prime members this Prime Day: amazon.sg/primeday-smallbusiness.

Prime Day Deals Preview

Prime Day 2021 will feature the largest number of deals in the shopping event’s 5-year history in Singapore, with over two million deals globally across various categories, including toys, electronics, beauty, kitchen, home, books, baby products, and more. With jaw-dropping prices on amazing international and local brands such as Canon, Dyson, SK-II, Nintendo, Sonos, Philips, Lego, Baby Tula, and more, be sure to check back frequently to find these new deals launching throughout the full 48 hours of Prime Day.

A preview of Prime Day deals on June 21 and 22 that Prime members can expect include the following. Terms and conditions apply to all deals.

Amazon Fresh

  • Save up to 50% on Brand Boxes from JBL, Kettle Chips, Babyganics Essentials and more
  • Save up to 30% on Beer, Wines and Spirits, buy 3 get additional 10% off
  • Save up to 25% on Singapore Favourites, buy 3 get additional 10% off on selected products from Pokka, Archipelago Brewery and more
  • Buy 2 get 1 free on Ben & Jerry’s Ice Cream

Baby

  • Save up to 55% on selected JuJuBe products
  • Save up to 50% on BRITAX strollers, car seats, and more baby products
  • Save up to 45% on selected Bright Starts products
  • Save up to 40% on selected Baby Tula products
  • Save up to 30% on selected Happyganics Baby Products

Beauty, Health & Personal Care

  • Save up to 60% on selected Sukin products
  • Save up to 50% on selected Oral B Powered Toothbrushes
  • Save up to 50% on selected K-beauty Brands, Serums, Toners and more
  • Save up to 50% on selected Philips products
  • Save up to 40% on selected Skin Inc devices and skin care products
  • Save up to 42% on selected Omron products
  • Save up to 40% on selected Braun Shaver products
  • Save up to 30% on Duft & Doft Body Wash and Hand and Body Lotion products
  • Save up to 30% on Rom&nd Glasting and Juicy Lasting Tint Lipsticks

Books

  • Buy 2 get 30% off on Books in the Bestsellers category

Electronics

  • Save up to 55% on selected Sennheiser Headphones and Wireless Earbuds
  • Save up to 40% on selected Jabra Wireless Earbuds and Headphones
  • Save up to 40% on Massage Appliances from Breo
  • Get 40% off on Master and Dynamic True Wireless Earphones
  • Get 40% off on Spigen Phone Covers and Accessories for iPhone 12 and more
  • Save up to 35% on selected Bose Headphones, Speakers, and Soundbars
  • Save up to 35% on selected Sony Headphones and Speakers
  • Save up to 30% on selected JBL Headphones and Speakers
  • Save up to 25% on selected Fitbit Trackers and Smartwatches
  • Save up to 20% on selected Canon Camera and Accessories
  • Save up to 20% on selected Nikon Camera and Accessories
  • Save up to 20% on selected Sonos products
  • Save up to 15% on selected Google products

Gaming

  • Save up to 25% on Nintendo Switch Games and Consoles
  • Save up to 25% on 8Bitdo Gaming Controllers and Bluetooth Adapter

Home and Kitchen

  • Get 60% off Epitex Premium Bamboo Fitted Sheets
  • Save up to 45% on selected Cuisinart products
  • Save up to 30% on selected HOUZE & LIAO products
  • Save up to 30% on selected 3M, Scotch-Brite and Command products
  • Save up to 30% on selected Ninja products
  • Save up to 25% on selected Simplehuman products
  • Save up to 25% on selected Philips Hue products
  • Get 25% off on ASAKUKI Essential Oil Diffusers
  • Save up to 20% on selected Instant Pot selected Air Fryer and Pressure Cookers
  • Save up to 20% on selected Nespresso Coffee Machines
  • Save up to 10% on selected Dyson Vacuums and Fans

PC and Accessories

  • Save up to 45% on selected Razer products
  • Save up to 25% on selected Seagate Memory products
  • Save up to 20% on selected Acer Laptops
  • Save up to 20% on selected ASUS Routers and Monitors

Pets

  • Save up to 27% on HOUZE Pet Bedding
  • Save up to 25% on selected Sheba Cat Food

Toys

  • Save up to 40% on selected Nerf toys
  • Save up to 34% on Globber Primo Kids Scooter
  • Save up to 30% on selected Board Games including Sushi-Go, Rummikub and Jenga
  • Save up to 30% on selected Lego toys
  • Save up to 30% on Yvolution Toddler Bikes and Scooters
  • Get 25% off on Kids Camera, RC Cars and other toys for children
  • Save up to 25% on selected children’s toys from Fistech
  • Save up to 20% on selected Brio toys

Ways to Shop this Prime Day

  • 48-Hours to Save this Prime Day: Prime members have the opportunity to shop two days of epic deals this Prime Day on June 21 and 22.
  • Prime Day Exclusive: Prime members enjoy free international delivery with no minimum spend on selected products from Hasbro, Yankee Candle, SanDisk and more. Offer expires on June 23, 3pm SGT.
  • Lightning Deals: Prime Day will feature lightning deals and Prime members should come back every 12 hours to view new deals launching throughout the 48-hour event to cash in on the biggest savings.
  • Amazon Coupons: Discover more ways to save with Amazon Coupons. Find discounts on everyday essentials, electronics, clothing, and more. Simply clip the coupon and the discount will be applied at checkout on amazon.sg/coupons.
  • Promotions: Enjoy greater savings when shopping on Amazon.sg (including the Amazon Fresh store on Amazon.sg). Please visit amazon.sg/bankpromospd21 for bank promotions. Terms and conditions apply to all bank promotions.
  • o Between 21 and 22 June 2021,

Citi card holders can get a S$20 Amazon.sg e-Gift Card when they spend S$200 or more on their Citi Credit card on Amazon.sg.

SCB card holders can get a S$20 Amazon.sg e-Gift Card when they spend S$200 or more on their Standard Chartered credit card on Amazon.sg.

HSBC card holders can get a S$10 Amazon.sg e-Gift Card when they spend S$100 or more on their HSBC card on Amazon.sg, and a S$15 Amazon.sg e-Gift Card when they spend S$150 or more on their HSBC card on Amazon Fresh.

DBS/POSB card holders can get a S$15 Amazon.sg e-Gift Card when they spend S$150 or more on their DBS/POSB card on Amazon Fresh.

GrabPay card holders can get a S$20 Amazon.sg e-Gift Card when they spend S$200 or more on their GrabPay card on Amazon.sg.

    o Send an Amazon.sg e-Gift Card for Father’s Day, give thanks to healthcare and essential workers or check out more designs for various occasions from 18-22 June. Amazon Prime members get S$10 bonus when they purchase at least S$50 Amazon.sg e-Gift Card in a single transaction. Visit amazon.sg/giftcardoffer for more information, terms and conditions apply.
    o Participate in the Amazon.sg Gift Card Q&A contest and you may win a Bose QuietComfort Earbuds (worth S$399) or a S$100 Amazon.sg e-Gift Card from 7 June to 7 July. Simply purchase an Amazon.sg Gift Card of S$50 or more from our participating retail stores at 7-Eleven and Cheers and indicate (i) what you value most from an Amazon.sg Gift Card (ii) who the Amazon.sg Gift Card is for and (iii) why you are buying it. Designs and denominations vary by retailer. Visit amazon.sg/corporategc for more information, terms and conditions apply.

Prime Day Show

Multi-award-winning and groundbreaking artists Billie Eilish, H.E.R., and Kid Cudi will star in the Prime Day Show, a three-part immersive musical event presented by Amazon Music that features some of the best in music and entertainment in celebration of Prime Day. All three episodes of the Prime Day Show will premiere globally starting June 17 on Prime Video and will be available to all customers for 30 days, with or without a Prime membership.

Every Day Made Better with Amazon Prime

Amazon Prime was designed to make your life better every single day. Over 150 million paid members around the world enjoy the many benefits of Prime, including the best of shopping and entertainment. In Singapore, Prime membership includes unlimited access to award-winning movies and TV episodes with Prime Video, unlimited access to video game benefits with Prime Gaming, Prime Day, and more. Prime was built on the foundation of unlimited fast, free shipping. Prime members enjoy access to tens of thousands of items available for free two-hour delivery on Amazon Fresh on orders over S$60, as well as free one-day delivery on domestic Prime eligible selection on Amazon.sg. Members also enjoy access to millions of products on Amazon International Store with free international delivery on eligible orders over S$60. Prime is S$2.99 per month. Start a 30-day free trial of Prime at amazon.sg/prime.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit Amazon.sg.

SOCIAL HANDLES:

Instagram: @Amazon.SG

Facebook: @Amazon.sg

Twitter: @AmazonSG

#Amazon #AmazonSG

Fifth Lao-Thai Friendship Bridge Four Percent Complete

Fifth Lao-Thai Friendship Bridge Four Percent Complete

The 5th Lao-Thai Friendship Bridge, which links Beung Kan Province in northeastern Thailand to Paksan, Bolikhamxay Province in Laos, is now four percent complete.

Arlo Introduces Newest Addition to Its Award-Winning Ultra Series with Ultra 2 Camera

Latest Ultra series camera delivers an ultimate user experience with features such as 4K HDR and 180-degree FOV

 

SINGAPORE – Media OutReach – 16 June 2021 – Arlo Technologies, Inc. (NYSE: ARLO), one of the leading internet-connected camera brands, today announced the addition to its award-winning Ultra Series of security cameras – the Ultra 2 Wire-Free Spotlight Camera System.

The Ultra 2 delivers an enhanced user experience, building on advanced features such as 4K video with HDR, an ultra-wide, 180-degree field of view, and more. Starting at a RRP of S$1,199 for a two-camera kit, S$1,599 for a three-camera kit and S$499 for an Ultra 2 add on camera, the Ultra 2 range is rolling out at major retailers nationally in June 2021 including Harvey Norman, Challenger and the official Arlo store on Lazada Singapore, Shopee Singapore and Amazon Singapore.

“Peace of mind should come without compromise which is why we continue to innovate the industry-leading products within the Arlo ecosystem. The Ultra 2 offers best-in-class features, providing added flexibility that enables home and business owners to choose the camera that best suits their needs,” said Brad Little, Vice President & Managing Director APAC. “Ultra 2 expands placement options with an award-winning, wire-free design, a long-lasting rechargeable battery and of course, customised Arlo Smart notifications via the Arlo app, enabling users to confidently take control of their security.”

The Ultra 2 Wire-Free Spotlight Camera System boasts advanced, category-leading features that deliver ultimate peace of mind for home and business owners. Arlo’s AI subscription-based service, Arlo Smart, compliments the hardware to deliver total protection. Users receive a complimentary three-month Arlo Smart trial included with their purchase. Arlo Smart provides extended 30-day rolling cloud storage of 4K UHD video recordings, for added peace of mind. Smarter, customisable notifications enable Arlo Smart users to detect people, vehicles, animals or packages1. Controlled entirely through the Arlo app, users can easily view live streams and recordings, adjust their camera settings or access cloud recordings.

Features of the Ultra 2 Wire-Free Spotlight Camera System include:

  • 4K Video with HDR: Zoom in to see sharp details with 4K and HDR advanced image quality technologies
  • Auto Zoom and Tracking: Auto-focus on moving objects with clarity and detail
  • 180-Degree Viewing Angle: See more with a wider-angle lens that has auto image correction to reduce the fish-eye effect
  • Premium Two-Way Audio: Listen and speak to visitors with crystal-clear, two-way audio that reduces wind and noise
  • Integrated Spotlight: Light up the night and ward off unwelcome guests
  • Built-In Smart Siren: Automatically triggered by motion or audio, or manually triggered via the Arlo App for added protection
  • Colour Night Vision: See what’s lurking with colour night vision allowing you to see video in colour rather than traditional black and white
  • Weather-Resistant Design: Built to withstand heat, cold, rain or sun for seamless installation anywhere
  • Rechargeable Battery: Wire-free design boasts up to six months of battery life on one charge2
  • Advanced SmartHub: Connect with other smart home devices for simplified management
  • Platform Compatibility: Works with Amazon Alexa, Google Assistant, Apple Homekit, SmartThings and IFTTT for easy interaction, automation and control.

For more information on the full range of Arlo smart home security products and services, visit http://www.arlo.com/asia.

1 Personalised alerts made available through the complimentary three-month Arlo Smart trial subscription

2 Based on usage of 4000 seconds per month, 30 seconds per stream, and day/night event splits 2:1. Will vary with device settings, use, activity captured and environmental factors

About Arlo Technologies, Inc.

Arlo is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlo’s deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. The company’s cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a mobile connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and 4G-enabled security cameras, audio and video doorbells, and floodlight.

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to supporting industry standards for data protection designed to keep users’ personal information private and in their control. Arlo doesn’t monetise personal data, provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo Technologies, Inc.’s expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding: Arlo Essential Wire-Free Video Doorbell, Arlo Smart, and future Arlo products. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company’s products may be lower than anticipated; consumers may choose not to adopt the Company’s new product offerings or adopt competing products; and product performance may be adversely affected by real world operating conditions. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in the Company’s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

#Arlo

Start-Ups in Singapore Pay Less Than Their U.S. Counterparts: Aon

  • The base salary at start-ups in Singapore is 12% lower than the U.S. across Managerial levels and 32% lower across Professional individual contributor roles.
  • Start-ups pay 6% more at the Professional individual contributor level in comparison to all companies in the General industry as well as the broader Tech industry within Singapore.

SINGAPORE – Media OutReach – 16 June 2021 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the results of Aon’s 2021 Private Market Compensation survey. The study, a first of its kind in Southeast Asia, focuses on critical compensation data to help organisations create a compelling compensation package that can differentiate an employer from the competition and aid in scalable hiring plans.

Base salary trends change at higher levels for Singapore start-ups

The study found that base salaries at Singapore start-ups pay more (6%) than those in the broader Technology (Tech) and General industries, across Professional individual contributor levels.

The playing field levels out at Managerial levels, with start-ups paying 5% less than companies within the General and broader Tech industries. Whilst base pay quantum is quite similar across the three categories of companies, variable pay (cash and equity) tends to take up a significant proportion of total compensation in larger organisations, as compared to start-ups.

Key differences in base pay of start-ups in Singapore and the U.S.

Start-ups in Singapore enjoy a large talent cost advantage compared to their U.S. counterparts. The study finds that the cost of comparable talent in Singapore is significantly lower at both the Professional individual contributor and Managerial levels. The base salary of start-ups in Singapore compared to the U.S. is, on an average, 12% lower across Managerial levels and 32% lower across Professional individual contributor levels.

However, while the base salaries are lower, Singapore start-ups are more aggressive with their target performance bonus (cash) plans than their U.S. counterparts.

At the Managerial level, target bonus for start-ups in Singapore is at 20% compared to 13% in the U.S. At the Professional individual contributor level, target bonuses were also reported to be higher in Singapore (15%) than in the U.S. (10%). The study also finds that start-ups in Singapore are more inclined toward cash-based incentives than their U.S. counterparts.

Ray Everett, CEO, Asia Pacific and the Middle East & Africa for Human Capital solutions, Aon, said:

“The rapidly evolving business environment is compelling entrepreneurs to look for low-cost geographies that support ease of business and fast track the development of their solutions. Substantial talent cost arbitrage coupled with availability of strong technical talent makes Singapore a preferred destination for start-up founders and investors.”

Equity trends among Singapore start-ups

U.S. start-ups have traditionally used equity for wealth creation for employees, across all levels. For example, the study finds that 100% of the U.S. start-ups surveyed extend equity to all Executive, Managerial and Professional individual contributor levels. Ninety percent of them also extend equity awards to Entry and Support level roles.

Contrastingly, 90% of start-ups in Singapore tend to have equity plans predominantly for roles that are at Managerial levels and above. Only 6% of start-ups in Singapore with less than USD 25 million invested capital have structured equity plans.

However, the study finds an increasing trend over the past two-three years wherein start-ups in Singapore are expanding the eligibility criteria for equity ownership to more levels within their organisations. New and smaller businesses are increasingly moving towards this model of equity compensation for broader levels with the aim to promote an ownership culture and attract the right kind of entrepreneurial talent, regardless of role level.

Clear differentiation between Tech and Non-Tech roles

There is a clear differentiation in equity guidelines between Tech and Non-Tech roles among both Singapore and U.S. start-ups.

Tech talent are provided with higher ownership percentages in both countries. In Tech roles, equity guidelines are close, with 0.076% for the U.S. and 0.055% for Singapore, at the Professional individual contributor level. For Non-Tech roles at the same level, there is a gap between U.S. (0.038%) and Singapore (0.017%) companies.


Ravi Nippani, Associate Partner, Asia Pacific and the Middle East & Africa for Human Capital solutions, Aon, said, “Singapore-based founders are increasingly using equity as a preferred vehicle of compensation, to attract, retain and reward key talent. In these uncertain times, this also helps conserve much needed cash reserves. The lower talent costs result in significant savings that can be deployed to product development in the initial stages of the start-up.”


About the Study

Aon’s 2021 Private Market Compensation survey was conducted in collaboration with SGInnovate and concluded in the first quarter of 2021. Start-ups of various sizes in Southeast Asia participated in the survey. The first of its kind in the region, the study supports companies operating in highly competitive markets for talent by providing valuable insights on rewards practices within the start-up space. The study covers information on key compensation elements – fixed pay, cash incentives and equity awards – across an extensive collection of jobs focused specifically on the private market sector.

About Aon

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

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#Aon