Digital transformation pivotal to future of Singapore SMEs

HEADING into 2020, digital transformation will continue to be a strong theme for Singapore small and medium-sized enterprises (SMEs), driven by government support and a push for increased...

South-east Asia's economic growth 'to stay at 4.5% next year'

SOUTH-EAST Asia's gross domestic product (GDP) growth will likely remain at 4.5 per cent in 2020, amid high risks of a re-escalation in trade...

Enterprise Singapore launches second run of Scale-up SG

ENTERPRISE Singapore (ESG) on Thursday launched the second run of Scale-up SG, bringing 18 new local enterprises on board the accelerated growth...

Money

Tech startups finding few takers from private equity - for now

PRIVATE equity firms here don't seem ready to invest in the newfangled tech startups that their venture capital counterparts usually target, but...

Indonesia's startup scene exploding, but exits are another story

IN A neighbourhood nestled within South Jakarta, 37-year-old Romana operates a small roadside kiosk selling prepaid mobile credit and phone accessories.

P2P lending platform Funding Societies crosses S$1b in SME lending

PEER-to-peer (P2P) lending platform Funding Societies said on Wednesday it has given out more than S$1 billion in loans to small and medium...

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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

There is method to Mitsui's finger-in-every-pie strategy

AN increase in interest in IHH Healthcare for S$2.8 billion, an acquisition of Singapore sugar supplier SIS late last year, and a tie-up with JR...

Doing well, quietly but surely

WHEN Chye Thiam Maintenance was setting up its new material recovery facility at Sungei Kadut last year, the environmental services firm didn't...

Seeing silver linings in business

BUFFETTED by headwinds from an ongoing US-China trade war and sluggish global growth, Singapore optics manufacturer Hua Yu (S) still manages to...

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

Enterprise Singapore launches second run of Scale-up SG

ENTERPRISE Singapore (ESG) on Thursday launched the second run of Scale-up SG, bringing 18 new local enterprises on board the accelerated growth...

Govt strategy will be to transform, support, sustain, says Indranee

HELPING businesses to innovate, go regional and build capabilities is a priority for the government even as it helps workers to upskill and reskill to seize new opportunities, Second Minister for...

Singapore salaries to rise in 2020 as talent pool is 'shrinking': Mercer survey

SINGAPORE'S economy may be facing headwinds and inflation's muted but companies in the South-east Asian city-state are set to step up salary increases next year in a bid to retain staff, according...

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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