e-scooter sharing service bags US$6.4m in seed funding

SINGAPORE-based transportation startup Beam has snagged US$6.4 million in seed funding to launch a shared mobility platform in Singapore and Asia, starting with e-scooters.

Prudential Singapore scraps retirement age for staff

AT Prudential Singapore, age is indeed just a number. The insurance company has removed the retirement age of 62 in its company manpower policy,...

Temasek's first retail bond oversubscribed by 7 times

TEMASEK Holdings' first retail bond is just over eight times subscribed.

Money

NTU partners HP to launch S$84m research laboratory

A CORPORATE research laboratory set up in partnership with tech giant HP was officially opened at the Nanyang Technological University on Tuesday...

e-scooter sharing service bags US$6.4m in seed funding

SINGAPORE-based transportation startup Beam has snagged US$6.4 million in seed funding to launch a shared mobility platform in Singapore and Asia, starting with e-scooters.

Pharma manufacturing in Singapore gets S$34m boost

A CONSORTIUM agreement valued at S$34 million was inked on Tuesday to drive the transformation of the local pharmaceutical manufacturing industry and to help it gear up for the future economy.

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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

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It is late afternoon on a weekday and the Novena Regency strata-titled mall looks more like a ghost town than a consumer hub.

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The SME Magazine (September/October 2018)

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Government

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Expect a '3 plus and minus 5%' model of future growth

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No Signboard licks its chops over fried chicken franchise

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MeGroup lodges preliminary offer document for Catalist listing

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Koufu Group to incorporate more technology into business

Koufu Group has succeeded by providing quality food and service while remaining true to its Singaporean roots.