Starting small, but with big ambitions

Zac Chua, founder and CEO of The Kettle Gourmet, which produces uniquely flavored popcorn, has a "just whack" mentality when it comes to entrepreneurship.

PUB to replace membranes at Tuaspring for reliability

Having officially taken over the Tuaspring desalination plant last Saturday, national water agency PUB will start the process of replacing its...

Why I would welcome virtual banks

MAS' move to allow digital-only banks in Singapore will be a big deal and will change banking in Singapore as we know it, says ST associate editor...

Money

Citi to roll out consumer e-payments business in Asia and other markets by Q1 2020

CITI is aiming to launch its digital consumer payments business in Asia and elsewhere by the first quarter of 2020, so it can ride the wave of the...

Third500 in talks with 35-40 US firms on pre-IPO financing leading to a listing

BOUTIQUE global investment bank Third500 is in "active dialogue" with some 35 to 40 venture-backed emerging US firms to provide them access to pre-IPO (Initial Public Offering) financing via...

Asian family offices, Insignia bless YouTrip with US$25.5m pre-Series A funding

IT MAY seem unconventional for an early-stage startup to receive strong backing from family offices. But YouTrip, a Singapore-based mobile wallet operator, sees this "patient capital" as a...

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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

Strategic innovation starts with consumers: Experts at SME Clinic

COMPANIES need to engage consumers effectively in order to innovate strategically, said speakers at an inaugural SME Clinic last Friday.

...

It Changed My Life: She gives up high-flying career and five-figure salary to pursue mindfulness

Ms Angie Chew gave up her $20,000 monthly salary and took a 60 per cent pay cut to grow a charity promoting happy and healthy living.

Lunch With Sumiko: For the first 18 months, Carousell co-founders had no salaries

Their online marketplace is valued at US$550 million, but Carousell's co-founders tell ST executive editor Sumiko Tan that what they do is not...

Cutting Edge

Photo Gallery: On the Cutting Edge with venture capitalist Jenny Lee

Jenny Lee, managing partner of GGV Capital, shared her thoughts on how she spots winners of the future. This is the second in a series of four...

GGV Capital's Jenny Lee to speak at forum of Cutting Edge thought leaders

ALIBABA. Didi Chuxing. Xiaomi. These are some of China's most successful tech firms, and also the companies that renowned venture investor Jenny Lee...

Emerging Enterprise 2018

Fear no more the cashless wave

IT is not every day that a team of young university graduates reject lucrative job offers from top multinational companies to start up their own company.

Big dreams for tiny houses

WHEN Adrian Chia was on holiday in Australia's picturesque Great Ocean Road several years ago, he loved the beautiful coastal scenery and thought about how this was exactly what city dwellers...

Getting the smarts in money

WHEN a company's business model is built on a base of savvy consumers keen on sniffing out the best deals, one thing is for sure: eventually, those same users are going to start comparing the...

Resources

Singapore sprouts innovation centres

PUTTING on your thinking cap? Some professionals can now do so in dedicated "innovation centres", which are springing up islandwide. At least 25 such facilities have opened since last year, with...

Is Singapore too risk-averse for the digital age?

Singapore is justly renowned the world over for its many public policy successes, particularly in the realms of education and planning. The country boasts world-renowned universities, and younger...

Going niche to drum up mall business

The future of strata-titled malls is fast taking shape: out go rows of old-school mom-and-pop shops selling textiles, shoes, clothes and provisions; in come gleaming art galleries, bustling co-...

The SME Magazine (May/June 2019)

Beyond beauty

Local beauty brands Team Salon and Nail Palace are examples of how some local salons are going beyond skin deep treatments to focus on their...

Taking on the world

SMEs need not fear going it alone. They can receive support for their internationalisation endeavours either directly from government agency...

More than skin deep

While home-grown beauty and spa brand Porcelain may be best known for its facials, it also has a range of skincare products - and is now using...

Government

Singapore growth downgraded as trade war threatens economy, business

BUSINESSES are in for stormy times this year as dark clouds loom over Singapore's economic prospects, with the Ministry of Trade and Industry (MTI...

Tech adoption linked to better performance in firms

THE adoption of more digital technologies by firms, including small and medium-sized enterprises (SMEs), is linked to better performance in terms of value-added and productivity, according to a...

ESG cuts exports forecast range to 0 to -2% contraction following 6.4% Q1 drop

THE official non-oil domestic export growth forecast for this year has been trimmed - following a sharper drop in the NODX in the first three months of the year.

SGSME+

Small Caps: Catalist

Paving its way to deliver quality healthcare

IN the past year since Clearbridge Health was listed on the Singapore Exchange's Catalist board in Dec 2017, the healthcare group has been busy.

A whole new ball game for Neo Group

INVESTORS could get an extra bite out of DoDo fish balls if the brand goes public, as the chief executive of parent Neo Group suggested in a recent chat with The Business Times.

Serving Up A Track Record Of Growth

FOOD services company Koufu Group has expanded steadily over the past 16 years to manage a range of food and beverage businesses located primarily in Singapore.

Events

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