DBS Bank provides aid for social enterprisesStaff writerWith many businesses hit hard by the COVID-19 pandemic this year, DBS Bank Ltd (星展銀行) has stepped up its support of social enterprises (SE) with a disbursement of loans and grants totaling S$9 million (US$6.74 million) to provide much needed assistance for social enterprises, it said, adding that it is committed to promoting the development of social enterprises. DBS also announced that 13 Asian social enterprises, including Taiwan-based Sense Innovation (森思眼動), Milk House (鮮乳坊) and Tsai Tung Agriculture (菜蟲農食), have been awarded grants and loans as part of the 2020 DBS Social Enterprise Grant Programme. According to Karen Ngui (魏洪英), DBS Foundation board member and head of group strategic marketing at DBS Bank, “companies must not only think about delivering value to shareholders, but also consider the interests of the communities they serve.”The DBS Bank logo is pictured in Taipei in an undated photograph. The DBS Foundation announced that it has awarded S$1.4 million in grants to 13 social enterprises throughout Asia in the 2020 cycle of its DBS Foundation Social Enterprise Grant Programme. For more information about the DBS Foundation Social Enterprise Grant Programme, visit https://www.dbs.com/foundation/our-support/grant-programme.

Source: Taipei Times December 15, 2020 15:56 UTC