National Day Rally: Government addressing cost of living but cannot fix electricity prices

THOUGH the government is working to alleviate concerns over costs of living, some price increases are hard to avoid. In his Chinese speech in Sunday night's National Day Rally, Prime Minister Lee...

Upcoming GST hike: 'Businesses should focus on value, not just price'

THE impending goods and services tax (GST) hike is any time between three and seven years away, but it pays for businesses to start thinking about it...

Initiative to offer exposure for SMEs' food products

Small and medium-sized food companies here will be able to get their new products out in supermarkets faster, under an initiative launched...

Money

US$335m in new venture funds launched for S-EA tech startups

SOUTH-EAST Asia's startup ecosystem is coming into its own. In just the past week, three new venture funds totalling US$335 million were launched for...

Temasek-backed Chinese travel site aims to raise up to S$412m: Sources

HONG KONG • A Chinese travel website backed by Singapore investment company Temasek Holdings hopes to raise up to US$300 million (S$412 million) in a new funding round that it hopes will value the...

PayNow Corporate now available to businesses and government agencies

THE NEW PayNow Corporate e-payment service, launched on Monday morning, allows businesses and the Singapore government to instantly make and receive payments by using their respective Unique Entity...

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

The challenging journey to self-driving

TRANSPORT software startup Swat's chief executive officer Jarrold Ong is used to being on the move.

MoneySmart plans 2020 IPO, acquisition also on the cards

ENTREPRENEUR Vinod Nair has a bold vision: to disrupt the financial advisory industry with MoneySmart, the personal finance portal he founded in...

Couple brings local flavours to potato chips

EVEN though the potato chip market may seem already saturated, husband and wife team Lee Yue Jer and Kee Vern Cheng, both 32, saw a gap in it.

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

Think there's been a productivity boom? Think again

LET'S travel back in time to 1995. Most Americans still remembered the calamitous inflation of the late 1970s (prices rose 13 per cent in 1979). Many federal benefits, including Social Security,...

Finance, fintechs, and the future

Technology is shaping financial jobs and skills; big banks and fintechs will coexist instead of eating up each other

What fishermen have in common with Uber drivers

Preferred working hours show a clear return to experience

The SME Magazine (July/August 2018)

Building on a strong foundation

Construction SMEs are gearing up for a pickup in the property sector by investing in talent and technology.

Aurum Land's Michelle Yong had hard time gaining trust from board members

She comes from a family in the construction business, but Aurum Land's Michelle Yong sees beyond tower blocks into building community and...

What SMEs can do to cope with rising office rents

Office rents are increasing, and here are some strategies that SMEs can adopt to be ready for this.

Government

National Day Rally: PM Lee explains 99-year leases of public and private housing

Prime Minister Lee Hsien Loong addressed home owners' concerns of their flat leases running down to zero at Sunday's National Day Rally, saying...

National Day Rally: PM Lee announces estate rejuvenation plans

The government will expand its Home Improvement Programme (HIP) to upgrade 230,000 additional flats built between 1987 and 1997. This will happen when the flats are about 30 years old, which will...

National Day Rally: New healthcare package for Singaporeans born in the 1950s

A NEW healthcare package will help Singaporeans born in the 1950s with their medical expenses, Prime Minister Lee Hsien Loong announced in Sunday night’s National Day Rally. The Merdeka Generation...

SGSME+

Small Caps: Catalist

LY Corp net profit down 40% in Q2

MALAYSIAN wooden bedroom furniture maker LY Corp has posted a net profit of RM6.5 million (S$2.2 million) for its fiscal second quarter, down 39.8 per cent from the same period a year earlier.

Tech, e-commerce startup Synagie debuts on Catalist at S$0.265 a share

HOMEGROWN e-commerce startup Synagie Corporation debuted trading on the Catalist board on Wednesday, trading at a high of S$0.275 in the early morning.

Jumbo opens first Ng Ah Sio Bak Kut Teh franchise outlet in Taiwan

JUMBO Group has opened its first Ng Ah Sio Bak Kut Teh franchise restaurant in Taiwan, with plans to open at least 19 more outlets serving its peppery pork soup eventually, the company announced...