Hiring of local workers would have been slower without Jobs Growth Incentive: Josephine Teo

THE movement of workers into growing firms and industries would likely have been slower without the Jobs Growth Incentive (JGI) "lubricating the process", Manpower Minister Josephine Teo said.

Singapore-based Neuron Mobility to launch e-scooter rental services in Korea

SINGAPORE-based startup Neuron Mobility is expanding to Korea, kicking off in Seoul with the launch of its electric scooter rental services this...

Skills funding to be tweaked as economy shifts post-pandemic

GOVERNMENT support for skills training schemes has been beefed up under the latest national Budget.

Money

Singapore business loans in January up for 2nd month

BUSINESS loans in Singapore picked up for the second straight month in January as the economy gradually recovers from Covid-19 this year.

GIC, Temasek poised to reap capital gains bonanza from tech IPO season

SINGAPORE'S sovereign wealth fund GIC and state investor Temasek may make some sweet paper gains as tech firms backed by the two investment giants head for the public markets.

Foodtech startup Next Gen raises US$10m in seed round

SINGAPORE-BASED foodtech startup Next Gen, which develops plant-based foods, has closed a US$10 million seed round.

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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

What worked, and what didn’t, for remote workers

The way we work changed dramatically as the world adapted to remote working. By Teck Wee Lim, Regional Director, ASEAN, CyberArk

Going with the flow

THERE was a time when Lim Kian Chun was your garden variety angel investor. Armed with a "small" fund, seeding fintech, consumer and media tech...

Secretlab: Gaming chairs draw new following

GAMERS have been Secretlab’s traditional market since it launched in 2014, but work-from-home arrangements propelled its ergonomic chairs from...

Cutting Edge

More reach, more punch

A COMPANY with a heavy focus on profit will never evolve into a big business. In fact, global giants Amazon and Tesla are still not making money,...

ONE Championship founder to share entrepreneur tips, journey at forum

GROWING up, Chatri Sityodtong had always been deeply passionate about martial arts and entrepreneurship.

Emerging Enterprise 2019

Young guns fire up Singapore industries

THEY may be young companies, but they are pushing the envelope in their respective industries - and making money from it too.

ACE reeling in growth opportunities with high-tech fish farming

GLOBAL fish production has been on the decline in recent years, as a result of overfishing and deteriorating water quality fuelled by climate change.

Emage Vision's automated systems can replace human inspectors

IMAGINE a factory floor devoid of human inspectors, with machines doing all the work instead. That scenario is actually a reality these days for Emage Vision, a company that produces "machine...

The SME Magazine (January/February 2020)

Recipe for success

FOR any business owner, disruption is inevitable. As technology advances, changes will impact companies even faster and harder; so adapting must...

Managing cash flows together

Banks are acting in partnership with financial intermediaries such as fintechs to offload the heightened financial risk when dealing with SMEs....

Ingredients for success

Samuel Yik’s recipe for Dian Xiao Er is to stir in technology solutions while maintaining a quality workforce.

Government

Sustainability: the rise of green agendas

SINGAPORE is showing strong international leadership on its sustainability drive, with ambitious and concrete targets as part of a new initiative...

Singapore PMI eases in Feb, but sentiment remains positive

OPTIMISM appears to prevail among Singapore manufacturers, with the Purchasing Managers' Index (PMI) in positive territory last month, although momentum appears to have tapered slightly.

Singapore PMI eases in February but manufacturing sentiment remains positive

OPTIMISM appears to prevail among Singapore manufacturers, with the Purchasing Managers' Index (PMI) in positive territory last month, although momentum appears to have tapered slightly.

SGSME+

Small Caps: Catalist

Catalist debutant SPCH aims to be one-stop pain shop

THE domestic market is Singapore Paincare Holdings (SPCH)'s only nerve centre. But the company has Malaysia and Indonesia in its expansion crosshairs.

Funds raised from Singapore IPOs halve in H1 2020: Deloitte

FUNDS raised from initial public offerings (IPOs) in Singapore fell 53.2 per cent to S$725 million in the first half of 2020, from S$1.55 billion a year ago, according to data from Deloitte on...