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DBS LAUNCHES REGIONAL FIRST DBS SOCIAL ENTERPRISE EXCHANGE TO FACILITATE CROSS-COUNTRY COLLABORATION AMONG SOCIAL ENTREPRENUERS IN ASIA

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Hong Kong award-winning social enterprises visit Singapore counterparts and exchange for innovative solutions to tackle social issues in common

 

 

 SINGAPORE, HONG KONG, 12 March 2014 – As part of DBS’ ongoing efforts to promote and support social entrepreneurshp in Asia, DBS introduces DBS Social Enterprise Exchange, a programme that aims to facilitate cross-sector, cross-country exchange and collaboration among social enterprises in Asia.

 

To begin with, the champions of Hong Kong’s Social Enterprise Award Scheme started a 3-day visit to their Singapore counterparts today. Operating in the form of retail shops, restaurants, service providers and carrying with them social missions to provide employments/ trainings for people with different abilities, the Hong Kong delegation will meet 10 leading social enterprises in Singapore which are also providing innovative solutions to meet similar social needs.

 

In addition to visits and sharing, the delegation will conclude with a dialogue session in which the two country groups will share actual cases and the burning issues they are currently facing to exchange for insights and innovative solutions from their counterparts. At the end of the exchange, social enterprises from both sides will be rested with good cases, insightful references and potential innovative solutions.

 

“DBS is committed to becoming a catalyst of change and social innovation in Asia. We believe social enterprises offer innovative solutions to social challenges and we are committed to helping social enterprises meet today's challenges,” Karen Ngui, Managing Director and Head of Group Strategic Marketing and Communications, DBS Bank said.

“The launch of DBS Social Enterprise Exchange is yet another initiative underlining DBS’ commitment of giving back to the community in a sustained manner. We will continue to organise more regional programmes to facilitate collaboration among the social enterprises in our key markets - Singapore, China, Hong Kong, Taiwan, India and Indonesia – and are committed to bring social enterprise in Asia to another level.”

Since 2012, the bank has provided over SGD 1.8 million in grants to 56 social enterprises in Asia. Last month, we announced the launch of a SGD 50 million foundation to strengthen our corporate social responsibility efforts across Asia.

 

The Social Enterprise Award Scheme is organised by the Social Enterprise Advisory Committee under the Home Affairs Bureau, Hong Kong SAR Government to give recognition to successful social enterprises which operate in Hong Kong, share the best practices in the social enterprise sector and boost public understanding of the social and economic benefits social enterprises bring about.

 

Sponsored by DBS to join the exchange, members of the Hong Kong delegation and their respective social mission/beneficiaries are:

 

Name of Social Enterprises

Businesses

Social Mission/

Beneficiaries

“Cheers Gallery” Rehab Shop

Retail shops

Physically challenged

Dialogue Experience Silence

Training workshops

Hearing impaired

Happy Veggies

Restaurant

Hearing impaired

Hong Kong Kitchen

Restaurants

Elderly

Hong Kong Translingual Services

Translation service

Ethnic Minorities

My Concept Event Management

Event management

Youth at risks

TWGHs iBakery Gallery Cafe

Restaurant

Mentally Disabled

The Salvation Army Family Stores

Retail stores

Recycling products

 

The Hong Kong social enterprise delegation will visit the following Singapore counterparts in the augural DBS Social Enterprise Exchange:

 

Name of Social Enterprises

Businesses

Social Mission/

Beneficiaries

Adrenalin Group

Event management

Youth at risks

Aii

Candy shop

Unemployed

Bliss Restaurant

Restaurant

People with disabilities

Bizlink

Employment services

People with disabilities

Conjunct Consulting

Consulting

Social Enterprises

Dignity Kitchen

Restaurant

Elderly

Eighteen Chefs

Restaurant

Youth at risks

Laksania

Restaurant

Marginalised

Milaap

Crowdfunding & Microfinance

Marginalised

New Soon Huat

Restaurant

Ex-offenders

Syinc

Consultancy

Marginalised

Circus in Motion

Entertainment

Youth at risk

The Chain Reaction Project

Adventure

Marginalised

HUB Singapore

Co-working & Networking

Social Entrepreneurs

Sol Works

Advisory on social programmes

Companies

 

Photo caption:

DBS launched DBS Social Enterprise Exchange to facilitate cross-country collaboration among social entrepreneurs in Asia. This morning, champions of Hong Kong’s Social Enterprise Award Scheme started a 3-day visit to Singapore this morning. They will meet 10 leading social enterprises in the Lion City which are also providing innovative solutions to meet social needs.

 

 

About DBS

DBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 250 branches across 17 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for five consecutive years from 2009 to 2013.

DBS provides a full range of services in consumer, SME and corporate banking activities across Asia. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. These market insights and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 20,000 staff, representing over 30 nationalities. For more information, please visit www.dbs.com.

 

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