RedDoorz gunning for IPO, and making expansion a priority

SINGAPORE-based hotel booking and management platform RedDoorz is shooting to be Ebitda-positive by 2023. Its chief executive thinks that it is a milestone which, when reached, would mark the...

Fintech investments in Singapore jump 69% to $1b in first 9 months of 2019: Report

SINGAPORE - Fintech investments in Singapore for the nine months ended Sept 30 jumped 69 per cent to US$735 million from US$435 million (S$595.4...

Keep your business safe: why cyber security is so important

As you are working on a key business proposal, a pop-up window suddenly appears on your computer screen. “Ooops, your files have been encrypted!”...

Money

WeWork collapse a welcome step towards sanity in venture space

The tech and startup ecosystem needs a sanity check. The fall from grace of WeWork's parent company is unlikely to catalyse a full reckoning in...

DBS launches digital solutions package for logistics SMEs

DBS Bank on Wednesday rolled out a digital solutions package for small and medium-sized enterprises (SMEs) in the logistics sector, aiming to help...

Wirecard raises long-term growth targets; analysts unconvinced

[BERLIN] German payments group Wirecard raised its long-term outlook on Tuesday, but the company's shares fell as analysts questioned the ability of any tech company to give a precise forecast for...

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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

Head honcho of watchmaker Audemars Piguet unfazed by strong reaction to its new Code 11.59 collection

SINGAPORE - Mr Francois-Henry Bennahmias straightens up in his seat, squares his shoulders and thrusts out his chest.

Irvin's Salted Egg was born out of a bleeding business

LOCAL snack brand Irvin's Salted Egg may be a regional empire now, but its famed chips were once a stopgap solution to bolster a struggling...

Former bodyguard is now towkay of his own security firm

SIMON Ng spent most of his life being a security officer, and has now built a company training people in the security field - and doing it quite...

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 (September/October 2019)

From smartphones to smart blinds

mc2 started in 2004 as an information technology retailer but has since been reinventedinto a smart blinds supplier.

Going by design

In a competitive market, user-centric design sets a product apart from its competitors and helps a brand stand out.

Back in the groove

Two years after he handed over Atlas Hi-Fi, Michael Tien returned as CEO to get the company back on track in a changing world and a shift in...

Government

Growth doubts linger as Singapore thinly skirts technical recession

SINGAPORE'S economy looks to have barely budged in the third quarter, in a Ministry of Trade and Industry (MTI) flash estimate, as the gross...

Technical recession or not, underlying factors matter more

SINGAPORE'S narrow escape from recession in the third quarter may be good news for consumer sentiment, but it is arguably more productive to focus on specific aspects of the economy, rather than...

Singapore Q3 GDP up by 0.1% in MTI flash data in close shave for recession fears

THE Singapore economy may have narrowly avoided a technical recession in the third quarter, according to flash estimates from the Ministry of Trade and Industry (MTI) on Monday.

SGSME+

Small Caps: Catalist

Libra Group's going-concern status crippled by claims

CATALIST-listed Libra Group announced on Wednesday that it will not be able to continue as a going concern, as stipulated by Catalist rules, due to various claims that have been filed against two...

Mary Chia signs MOU to explore Indonesia expansion

Beauty treatment firm Mary Chia Holdings on Tuesday entered into a non-binding memorandum of understanding (MOU) with an Indonesian businessman to explore expanding the brand into Indonesia.

Aier Eye International to make pre-conditional offer for ISEC Healthcare shares

CATALIST-LISTED ISEC Healthcare said on Monday evening that Aier Eye International has agreed to buy about 186.3 million ISEC Healthcare shares in a sale and purchase agreement which, when completed...

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