Don Don Donki to open ninth Singapore outlet

JAPANESE retailer Don Don Donki, which opened an outlet in Jurong in January, is currently set to open one more store in Singapore, putting it on track to hit its goal of 10 stores in the Republic...

Family behind Paris Baguette loses billions by taking on the world

[NEW YORK] Its stores are dotted around Manhattan, Singapore and Shanghai with blue neon signs that virtually scream France: The words Paris...

Zilingo cuts Singapore and global headcount, puts Singapore HQ up for rent

FASHION commerce and technology startup Zilingo has laid off another 11 employees in Singapore as part of a 12 per cent global cut to its staffing...

Money

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,...

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 pick...

US Big Tech builds appetite for startup pie in South-east Asia

US tech giants have made some recent high-profile investments into South-east Asian startups, the latest being Google's plans to join Indonesian e-commerce player Tokopedia's funding round, which...

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.

Submit a Question

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?
Administrator
1
false

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

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,...

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....

Food delivery players deny loss of appetite in Phase 2

MARKET watchers remain bullish on the prospects of food delivery in Singapore, even as some players reported a fall in orders or stalled growth...

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

Banks are acting in partnership with financial intermediaries such as fintechs to offload the heightened financial risk when dealing with SMEs....

Ingredients for success

Samuel Yik’s recipe for Dian Xiao Er is to stir in technology solutions while maintaining a quality workforce.

Government

S-E Asia's first S Korean startup centre opens in Singapore, focuses on fintech, cyber security

SOUTH-EAST Asia's first South Korean startup centre was officially opened in Singapore on Wednesday, with a focus on fintech and cyber security...

South-east Asia's first Korean startup centre in Singapore focuses on fintech, cybersecurity

A SOUTH Korean startup centre - the first in South-east Asia - was officially opened in Singapore on Wednesday, with a focus on fintech and cybersecurity.

Singapore May visitor arrivals plummet to just 880

SINGAPORE had just 880 visitor arrivals in May 2020, as the country remained closed to short-term visitors to stem the risk of importing Covid-19 during the second month of its "circuit breaker"...

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...