Online shopping looks hot - but 80% of e-tailers are in the red

ONLINE retail may now seem like a sure bet for aspiring retailers, with more consumers buying online amid the coronavirus pandemic, but industry players warn that this segment of retail has more...

Over half of SMEs blame digitalisation delay on virus

While many small and medium-sized enterprises (SMEs) here have strategies in place to go digital, the take-up rate has been slow with firms...

Some nightlife businesses struggle, with no end in sight

Kloud Karaoke Lounge has not been able to reopen for about half a year since the two-month circuit breaker that started in April, on account of...

Money

Rotimatic gets new breadwinner

ZIMPLISTIC, the Singapore-based company behind Indian flatbread-making machine Rotimatic, has been fully sold to an entity called Light Ray...

Rotimatic-maker flips ownership in trade sale

ZIMPLISTIC, the Singapore-based company behind Indian flatbread-making machine Rotimatic, has been fully sold to an entity called Light Ray Holdings.

EVOS Esports parent snags US$12m in Series B round led by Korea Investment Partners

ATTENTION Holdings (ATTN), the parent company of Indonesia-based professional e-sports organisation EVOS Esports, has raised US$12 million in a Series B investment round led by Korea Investment...

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.

Submit a Question

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?
Administrator
1
false

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

Playing the digital field

THE future of branding and communications is going to look quite different, with the bulk of the experience driven by digital interactions and...

The old-world charm of Rida Video Centre, one of S'pore's last video-rental stores

Rida Video Centre, one of Singapore's last video-rental stores, is a bastion of a vanishing age.

Zopim co-founder eyes post-Covid travel surge with startup GoTrippin

EVEN as the travel sector has turned moribund, entrepreneur Royston Tay sees opportunity. The co-founder of Zopim, one of Singapore's earliest...

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)

Balancing speed with sustainable growth

Market-leading entrepreneurs have a disciplined framework for driving growth, leaving nothing to chance.

Smart cities aren’t smart without trust

Innovation can bring astounding benefits but anything digital can be hacked, and anything connected to it then becomes vulnerable.

Making customer experience everybody's job

By ensuring that every team member is dedicated to improving the customer experience, companies in Singapore can stand out from the competition...

Government

Over S$5.5b in Jobs Support Scheme payouts to be disbursed from Oct 29

OVER S$5.5 billion in payouts under the Jobs Support Scheme (JSS) will be disbursed to more than 140,000 employers from Oct 29, to subsidise the...

Singapore 'firing on all cylinders' to attract MNCs; capabilities can be acquired over time: Chan

ATTRACTING global heavyweights remains a key prong of Singapore's strategy to create more jobs and keep the labour market tight, even where the Republic currently does not have all the...

Over S$5.5b in Jobs Support Scheme payouts to be disbursed from Oct 29

OVER S$5.5 billion in payouts under the Jobs Support Scheme (JSS) will be disbursed to more than 140,000 employers from Oct 29, to subsidise the June to August wages of about 1.9 million local...

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...