Changi Airport tenants get 50% rental rebate for six months

RETAIL, food & beverage (F&B) and service tenants at Changi Airport will be granted a 50 per cent rebate on monthly basic rent for six months as they grapple with weaker travel and...

Investment banks cosy up to VCs in hunt for potential unicorns

INVESTMENT banks in Asia are increasingly getting intimate with the region's startup space.

Young leaders from Singapore business families set up S$5m fund for SMEs

YOUNG leaders from six prominent business families in Singapore, which include Goldbell Group and Super Group founder's investment firm Apricot...

Money

Investment banks cosy up to VCs in hunt for potential unicorns

INVESTMENT banks in Asia are increasingly getting intimate with the region's startup space.

Singapore helps global cryptocurrency firms to expand their local operations

[SINGAPORE] Singapore is introducing new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licences for the...

Banks and payments players need to change their playbook

HOW the stodgy world of payments has changed. Consider that at a recent rugby match in Malaysia, one of the writers ordered grilled satay chicken from a stand run by a 12-year-old boy. Cash only?...

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.

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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

Having corporate experience helps with the job, says Lim Kee's next-gen leader

HAVING corporate experience helps with the job, says Ang Khim Wee, who - with two sisters - is part of the next generation helping to run the...

Hard work key to Koufu CEO's success

FROM school dropout to street hawker, coffee shop owner and, finally, founder of a local food-and-beverage empire, entrepreneur Pang Lim's journey...

Humility, managing people are key to the role, says Mothercare's Pang Fu Wei

AS successor to the Pang Kim Hin Group, known for bringing British baby goods brand Mothercare to Singapore, Pang Fu Wei says humility and the art...

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)

Debunking myths about business payment cards

With business credit cards, SMEs can extend their days payable outstanding and optimise working capital, taking advantage of up to 55 days...

Staying ahead of the pack

The Rug Maker and CDL Trading are two Singaporean businesses facing trickier times today than they did when they were starting out – from changing...

Balancing speed with sustainable growth

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

Government

Foreign worker quota cuts: Tough love for the construction sector

THE Budget put millions of much needed rescue dollars on the table for tourism-related sectors reeling from the Covid-19 outbreak. But...

Singapore doubles down on tighter foreign worker quotas

AFTER foreign labour caps in the services sector were tightened in last year's Budget, the same fate has now befallen the construction, marine and shipyard and process industries.

FY20 Budget gears up to spend big with S$10.9b deficit

THE expected overall budget deficit of S$10.9 billion for FY2020 is the highest in more than two decades, but economists say the budget plans outlined by the government on Tuesday are a sure sign...

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...