Businesses hail Singapore-Malaysia 'green lane', but worry about costs

SINGAPORE companies have welcomed news of the official "green lane" arrangements confirmed on Saturday for business travel between Singapore and Malaysia.

Coronavirus: Many small-medium enterprises in Singapore still struggling to survive

While some owners have begun frantically diversifying business offerings to find new sources of revenue, others have taken on odd jobs.

New digital sales skills keep her employable

SINGAPORE - Just a few months after Ms Carissa Fan was hired as a client relations executive for a cinema last November, Covid-19 hit.

Money

Chinese VCs sanguine on Asean despite Covid-19 and geopolitical headwinds

THE inflow of venture capital (VC) from China into South-east Asia may slow down this year, but interest is likely to remain robust into the long-...

Singapore bank lending continues to slide in June

BANK lending in Singapore continued its decline for the fourth consecutive month in June, dragged down by business loans and consumer loans amid the uncertainty from the ongoing Covid-19 pandemic...

Singapore bank lending extends fall in June for fourth consecutive month

BANK lending in Singapore continued its slide for the fourth consecutive month in June, dipping 0.7 per cent from the previous month to come in at S$680.36 billion, preliminary data from the...

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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

James Liang, Chairman & Co-founder, Trip.com Group

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

Five tips for small businesses to embrace digital disruption

By Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific, Mastercard

Getting back to business and returning to a new normal

By Claus Andresen, SVP & Head of General Business (SME) and Emerging Markets Growth, SAP, Asia Pacific & Japan

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)

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.

Frittering away corporate life

Audrey Chew remodelled a traditional business by mass producing you tiao, setting up a factory and hiring workers.

Government

Fitch Solutions sees Singapore dollar rising to S$1.38 to greenback next year

FITCH Solutions has revised its forecast for the Singapore dollar's (SGD) average exchange rate this year to a stronger S$1.3950 per US dollar (...

Grim business outlook extends to year-end: surveys

SINGAPORE businesses face bumpy and uneven prospects in the next half-year, according to official quarterly surveys out on Thursday.

Singapore firms glum about Q3 prospects as Covid-19, US-China tensions stymie recovery

SERVICES and manufacturing companies remain gloomy about their prospects, as the coronavirus pandemic forces Singapore into an unprecedented recession.

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...