Local SME to mass-produce Sars-CoV-2 diagnostic test kits

LOCAL medtech firm MiRXES will take charge of mass-producing locally-developed diagnostic test kits for the novel coronavirus, as Singapore prepares to meet high levels of demand both locally and...

Corporate experience valuable for the job: 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...

Construction, infocomm to drive 2020 growth amid Covid-19 virus impact

WITH the once-expected manufacturing recovery in 2020 now jeopardised by the Covid-19 outbreak, Singapore is counting on sectors such as...

Money

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...

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?...

Discipline is the name of the game as startup valuations soar

A YEAR of shake-ups in the venture capital (VC) industry has spurred VC firms in South-east Asia to train a watchful eye on rapidly rising valuations.

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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

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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

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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

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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...

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Government

Singapore cuts 2020 growth forecast amid virus outbreak

SINGAPORE'S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel...

Virus outbreak derails Singapore exporters' hopes of recovery

SINGAPORE'S manufacturers and exporters had seemed poised for recovery as global trade sentiments improved in late 2019, but are now facing prolonged agony in the near term.

Construction, infocomm to drive 2020 growth amid Covid-19 virus impact

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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...