Businesses should seek opportunities across all industries: Chan Chun Sing

AS SINGAPORE emerges from the Covid-19 crisis, there are opportunities to be sought not just in emerging sectors but across all industries, said Minister for Trade and Industry Chan Chun Sing at...

Tech expansion in Singapore fans tussle for talent

THE tussle for talent is intensifying among tech firms, with several announcing big hiring plans just two months into the new year.

Grab to add 350 jobs, partners IMDA for talent development

GRAB expects to create around 350 new jobs in Singapore this year, the tech firm said on Thursday as it announced a partnership with the Infocomm...

Money

Foodtech startup Next Gen raises US$10m in seed round

SINGAPORE-BASED foodtech startup Next Gen, which develops plant-based foods, has closed a US$10 million seed round.

Workplace design startup Saltmine raises US$20m funding

SALTMINE, a platform which allows users to design and manage their workplace online, has raised US$20 million in a Series A round for expansion in the Asia-Pacific.

Tech-enabled startup ErudiFi raises US$5m in Series A round led by Monk's Hill, Qualgro

TECH-enabled startup ErudiFi announced on Tuesday that it has raised US$5 million in a Series A funding round co-led by Singaporean venture firms Monk's Hill Ventures and Qualgro Partners.

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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

What worked, and what didn’t, for remote workers

The way we work changed dramatically as the world adapted to remote working. By Teck Wee Lim, Regional Director, ASEAN, CyberArk

Going with the flow

THERE was a time when Lim Kian Chun was your garden variety angel investor. Armed with a "small" fund, seeding fintech, consumer and media tech...

Lunch Actually: Hearts grow fonder amid Covid-19 isolation

BEING unable to socialise during the pandemic only made people thirst more for interpersonal connections. It was this that drove the demand in...

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

Monetary policy won't change in April, despite headline inflation uptick: Analysts

HEADLINE inflation returned to positive territory for the first time in nearly a year, as all-items consumer prices rose year on year in January...

Singapore consumer prices rise in January for first time in nearly a year

HEADLINE inflation returned to positive territory in the new year, with all-items consumer prices in Singapore rising 0.2 per cent year on year as car costs and rentals went up.

Progressive Wage Model may be expanded to middle-wage workers: NTUC

THE labour movement is looking to extend the Progressive Wage Model (PWM) to middle-wage workers, even as it pushes for its implementation in three more sectors for lower-wage workers in the next...

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...