SINGAPORE - Singapore blue chips Keppel Corp and DBS will jointly explore new digital opportunities to meet customers' and suppliers' needs, under a memorandum of understanding unveiled on Wednesday evening.
There are three broad initiatives, slated to be rolled out over the rest of this year. They are not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corp for the financial year, said the two companies' joint statement. Secondly, Keppel Corp and DBS are studying the feasibility of a supply chain finance programme, developed by DBS, for the Keppel group's supplier ecosystem. Under the pilot phase, both partners will customise quick and cost-effective digital financing solutions for M1's suppliers, which are mainly small and medium-sized enterprises.
Francois van Raemdonck, Keppel Corp's director of group strategy and development, said the group sees benefits in exploiting its business-to-consumer positions and could explore how technology and collaboration enhance service to customers and suppliers.
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