Govt SME loan schemes have positive impact on firms' topline: MTI study

ENTERPRISE Singapore's loans to small and medium-sized enterprises (SMEs) had a positive impact on their revenue, possibly by helping with their working capital needs to increase sales, according...

Media sentiment can provide useful gauge of economy's health: MTI

MEASURING economic sentiment in local news articles can be a handy gauge of Singapore's overall economic health, according to a study released by...

Services expand at fastest pace in 3 years, but manufacturing still powers economy

ALL EYES are now on the services sector, which registered its fastest growth pace in three years, but manufacturing continued to be the key driver...

Money

Touché, OCBC to launch 'highly secure' fingerprint-based credit card payments

SINGAPORE - Local fintech company Touché is tying up with OCBC Bank to bring what it says is the world's first fingerprint biometric-based payment...

Crowdfunded '3D' headphones start-up Ossic shuts down; backers threaten lawsuit

SINGAPORE - A contender in the race to bring "3D" headphone technology to the mass market has dropped out.

Engine Biosciences to raise additional funding next year

A BIOTECH startup that only this year raised what is believed to be the largest round of seed funding in South-east Asia has plans to raise additional funding as early as next year, The Business...

 

Emerging Enterprise award

Closes June 1, 2018

Are you looking for advice on taxes or loans? Wondering how to make use of data analytics? Curious about how other SMEs motivate employees? Tap the wisdom of our panel of experts and the savvy of fellow entrepreneurs now - just ask.

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Editor's Pick

Support for SMEs entering new markets?

What can help ease the process for an SME trying to find its footing in a new market?
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Expert’s Take

Wong Choo Sin
Divisional Director, Enterprise Partnership Group, International Enterprise Singapore

Many SMEs face challenges in navigating the business landscape and finding the right local partners when expanding overseas. To ease some of these initial challenges, companies can make use of IE Singapore’s Plug and Play Network (PPN). Currently, there are 9 PPN partners providing pre-market entry advisory, business matching, in-market consultations and co-working spaces in key cities in China, Southeast Asia and India.

When going into a market, leasing an office space can be challenging due to regulatory requirements and high overhead costs. Processing time for office rental may also take quite long depending on the market. By using a PPN partner’s co-working space as a start, companies can set up easily and quickly without the hassle of business registration, renovation and rental agreements. A plus point is that these PPN co-working space partners have business mentors and advisors on hand to guide companies on set-up and business issues.

Another common challenge is in finding business leads. By using some of our partners on the PPN, companies can tap into their search and business matching services for overseas business partners.

For more details about the Plug and Play Network, visit https://www.iesingapore.gov.sg/PPN .

Towkays

Why Krystal Tan left law to set up luxe travel boutique Blue Sky Escapes

How her vacation breaks as a lawyer has helped her create unique experiences for her travel boutique Blue Sky Escapes

How does Italian fashion brand Kiton sell its $50,000 suits?

Keeping things fresh for customers who already have everything is key, says CEO Antonio de Matteis

Family-run for 200 years: champagne house Billecart-Salmon’s success story

Keeping it in the family has been a strength, says Antoine Roland-Billecart

Cutting Edge

The business of conscience

A manufacturer that makes 100 per cent food-digestible disposable tableware and a technology company that designs and implements regenerative...

The business of learning new skills

From speaking well to creating a work of art - these are skill sets that can be learnt in a methodical way. Voice training school Be The Voice...

Emerging Enterprise 2018

Going digital a necessity, not a choice, for SMEs

WITH the rapid pace of technological advances, enterprises of today have little option but to keep up or ship out.

Go digital to engage millennial talent: experts

WITH the rapid pace of technological advances, enterprises of today have little option but to keep up or ship out.

Overseas expansion is not for all local SMEs

INTERNATIONALISATION, the process of expanding a company's operations beyond Singapore, has been at the forefront of many recent government initiatives.

Resources

4 in 5 young adults in Singapore experience quarter-life crisis: study

Singapore ranked fourth out of 16 territories in terms of the prevalence of experiences of quarter-life crisis in the study by professional social network LinkedIn.

If you want creative employees, playtime is key

Playeum's director of pedagogy Esther Joosa talks about how nurturing lifelong creativity begins with serious play.

Put the 'human' back into human capital

As technological change disrupts entire industries and inequality threatens political stability, attention has shifted towards the question of how to upskill the labour force for higher...

The SME Magazine (May/June 2018)

The business of conscience

A manufacturer that makes 100 per cent food-digestible disposable tableware and a technology company that designs and implements regenerative...

Startup Eatsy offers hassle-free experience for diners

Eatsy makes dining out easy with an app that offers a hassle-free experience for diners, while capturing valuable patron data for restaurants.

Future shines bright for Sunseap Group

The future looks bright for clean energy solutions provider Sunseap Group with the changing shift in consumer sentiment and new developments in...

Government

Singapore's service sector takings up 8.5% in Q1

SINGAPORE'S service sector had a strong start to the year, with business receipts up 8.5 per cent in the first three months of 2018 compared to the...

Singapore's April factory output up 9.1%; sees expansion across all clusters

SINGAPORE'S factory output increased 9.1 per cent in April, coming in slightly higher than economist expectations of 8 per cent, according to data from the Economic Development Board (EDB) on Friday.

Services expand at fastest pace in 3 years, but manufacturing still powers economy

ALL EYES are now on the services sector, which registered its fastest growth pace in three years, but manufacturing continued to be the key driver of Singapore's economy in the first quarter.

SGSME+

Small Caps: Catalist

Samurai 2K Aerosol expects 'significantly higher' profit, revenue for FY2018

CATALIST-LISTED Samurai 2K Aerosol announced on Tuesday evening it expects "significantly higher" revenue and profit for fiscal 2018 due to stronger demand for its aerosol paint products compared...

Moya to raise up to S$132.5m through rights issue

WATER treatment company Moya Holdings Asia has launched a rights issue that could raise up to S$132.5 million in net proceeds, if the rights are fully subscribed.

Spackman to issue shares worth US$6.9m to raise stake in associate by 7.52%

SPACKMAN Entertainment Group (SEG) has agreed to buy another 7.52 per cent stake in associated company Spackman Media Group (SMG) for US$6.9 million, from certain existing SMG shareholders.