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 the region's startups, The Business Times has...

Local banks dangle perks to get customers to go cashless

From cashback to sale promotions, banks are using a variety of ways to encourage their customers to go cashless as part of Singapore's Smart...

They found Urge to join ride-hailing market

Singapore-based Urge aims to differentiate itself from the companies that have entered the market following Uber's exit by offering not only...

Money

Singapore-based startup AirTrunk raises A$850m to expand data centres

BEIJING (BLOOMBERG) - Goldman Sachs-backed AirTrunk has raised A$850 million (S$851.7 million) to fund the expansion of its two Australian data...

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 the region's startups, The Business Times has...

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...

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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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Cutting Edge

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Resources

Think there's been a productivity boom? Think again

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The SME Magazine (July/August 2018)

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Government

Africa's a growth market, but it's a long-term play

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SGSME+

Small Caps: Catalist

LY Corp net profit down 40% in Q2

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

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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...