Aug 10 target to restart Singapore-Malaysia travel

SINGAPORE and Malaysia are aiming to restart cross-border travel by Aug 10 for long-term pass holders and essential business and official travellers.

Employers, unionists support Ng Chee Meng staying on as labour chief

EMPLOYERS and analysts have joined the labour movement to support Ng Chee Meng, who remains as the leader of the National Trades Union Congress (...

Dunkin' Donuts to close 450 US stores, Singapore outlets unaffected

SINGAPORE (THE NEW PAPER) - Doughnut lovers can heave a sigh of relief as Dunkin' Donuts will not be closing any of its outlets here.

Money

Singapore plant-based meat startup Karana closes US$1.7m seed funding

KARANA, which is set to launch "pork" made from organic jackfruit this year, has closed its seed funding round with US$1.7 million, the Singapore-...

Cybersecurity startup Aiculus raises US$670,000 led by Cocoon Capital, angel investor

AICULUS, a Singapore-based software security provider, has raised US$670,000 in a seed funding round led by early-stage venture capital firm Cocoon Capital and an angel investor.

Total disclosed PE and VC deal value down 65% in Q1: EY

PRIVATE equity (PE) and venture capital (VC) activity in South-east Asia was sluggish in the first quarter of 2020 amid the Covid-19 pandemic, though investments in some segments are expected to...

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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

Driving a digital push for automobile sector

IN an era where Singaporeans can't get enough of online shopping, the automobile industry has managed to fight off the trend of digitalisation....

Fighting Covid-19 with local innovations

AS the Covid-19 pandemic continues to rage around the globe, local small and medium-sized enterprises (SMEs) are meeting demand for diagnosis,...

UnUsUaL keeps faith in live events

FOR a chief executive officer of an event producer, Leslie Ong is unusually positive. By a stroke of good fortune, Mr Ong's firm UnUsUaL Ltd was...

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

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Ingredients for success

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Government

Singapore enters recession with record 12.6% GDP fall in Q2

SINGAPORE entered what might be its deepest - if not longest - recession in the second quarter, as gross domestic product (GDP) plummeted a record...

Singapore in recession with GDP down 12.6% in Q2, flash figures show

SINGAPORE'S gross domestic product (GDP) plummeted 12.6 per cent year on year in the second quarter, bringing the country into full-blown recession, as Covid-19 "circuit-breaker" measures hit hard...

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

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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...