Covid-19 prompts spurt in new, small businesses like no other crisis

THE Covid-19 crisis has thrown Singapore into its worst recession since independence. But it has also ignited the biggest spark of small business formation in crisis times.

Half of Singapore consumers prefer to shop local to help Covid-hit firms: poll

AROUND half of Singapore consumers prefer to shop at local businesses to help them recover from the business fallout of Covid-19, according to a...

Covid-19 makes uneasy bedfellows of Grab and Gojek

THE dominance of Grab over archrival Gojek outside of Indonesia may have become more obvious with Covid-19, and this may be a key factor spurring...

Money

SEEDS Capital seeks co-investors to dole out S$150m to deep-tech startups

ARMED with up to S$150 million from the Startup SG Equity scheme, SEEDS Capital is on the lookout for more co-investors to back early-stage, deep-...

Singapore bank lending dips further in October

SINGAPORE's bank lending fell for the eighth straight session in October, dragged down by a continued slump in business loans.

New venture firm The-Wolfpack on the hunt for Asia-Pacific consumer startups

FORMER top executives at GroupM and IMG on Wednesday launched a venture firm targeting early-stage consumer startups in the Asia-Pacific.

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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

Weston Robot sees opportunities in crisis

THEY do not tire easily, never complain and never get sick at the workplace.

Recycling food with insects takes flight

LOCAL company Lam Tak is in the business of recycling food waste. But here's the catch: the firm does so with legions of flies.

Hearti Lab brings insurance, benefits to employees in SMEs

HAVING spent two decades working in multinational corporations like Moody's and Accenture, Keith Lim never understood the pains of small and...

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

Singapore PMI continues reversal back to the norm

SINGAPORE'S manufacturing sentiment continued to remain buoyant for the fifth straight month in November, although the Purchasing Managers' Index...

Singapore PMI drops marginally but remains in expansion for 5th month

SINGAPORE'S manufacturing sentiment continued to remain buoyant for the fifth straight month in November, although the Purchasing Managers' Index (PMI) dipped marginally from the previous month.

Companies' leverage risk worsens as earnings fall and debt rises

FIRMS are at a greater risk of failing to meet their debt obligations as leverage risk continues to worsen on weaker earnings and rising debt.

SGSME+

Small Caps: Catalist

Catalist debutant SPCH aims to be one-stop pain shop

THE domestic market is Singapore Paincare Holdings (SPCH)'s only nerve centre. But the company has Malaysia and Indonesia in its expansion crosshairs.

Funds raised from Singapore IPOs halve in H1 2020: Deloitte

FUNDS raised from initial public offerings (IPOs) in Singapore fell 53.2 per cent to S$725 million in the first half of 2020, from S$1.55 billion a year ago, according to data from Deloitte on...