Some SMEs already in process of transforming themselves

LOCAL businesses in some sectors, particularly those hardest hit by the Covid-19 pandemic, have already been taking action to reinvent themselves instead of waiting out the crisis, firms and trade...

Upcoming fiscal support may be more targeted

MORE fiscal stimulus may be on the way, though measures may not remain as broad-based as before. With retrenchments rising even before the Jobs...

SingPost partners logistics startup Shippit to widen SMEs' access to courier services

LOGISTICS startup Shippit on Tuesday announced a partnership with Singapore Post (SingPost), to offer discounted rates for small and medium-sized...


Nearly a third of 18,000 stalls in hawker centres and markets now offer e-payments

Nearly 2,000 stallholders came on board over the past two months to bring the total to 5,400.

TradeGecko sale validates exit potential of similar Asean startups

THE sale of Singapore startup TradeGecko to Intuit Inc validates the exit potential of South-east Asia's Software-as-a-Service (SaaS) startups, showing that there is substance to the hype, venture...

Indonesia bill payment startup Ayoconnect raises US$5m in pre-Series B round

INDONESIAN fintech company Ayoconnect has raised US$5 million in a pre-Series B funding round from investors including BRI Ventures, the corporate venture capital arm of Indonesia's Bank BRI;...

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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?

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 .


How data is helping traditional small businesses succeed in a pandemic

By Mimrah Mahmood, Senior Director & Partner at Meltwater

James Liang, Chairman & Co-founder, Group

IF TRAVEL RESTRICTIONS are lifted between Singapore and another country such that you don’t have to quarantine yourself upon arrival, you should...

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.


Singapore may take 'some quarters' to bounce back from 2020 recession

ALL eyes are now on Deputy Prime Minister Heng Swee Keat's arsenal of fiscal bazookas, as the Covid-19 pandemic drags the economy towards its...

Upcoming fiscal support may be more targeted

MORE fiscal stimulus may be on the way, though measures may not remain as broad-based as before. With retrenchments rising even before the Jobs Support Scheme (JSS) wage subsidy ends, it might be...

24,000 job seekers placed; MOM weekly updates to highlight opportunities

AS AT the end of July, 24,000 job seekers have been placed under the SGUnited Jobs and Skills package, said the Ministry of Manpower (MOM) on Tuesday, in the first of a series of weekly updates on...


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...