Singapore SMEs

Stitching together new initiatives to expand the family business

TUCKED away at the quieter end of Cecil Street, Joe's Tailoring has been a mainstay in Singapore's elite circles, counting ministers, banking CEOs and even two of the nation's top 10 richest men...

Companies must be future-ready to thrive in machine era

IT GOES without saying that we stand to gain extensively from the advancement of machines. The usage of artificial intelligence (AI) across various sectors and industries is gradually gaining...

Reeling in fresh ideas from a family tradition

IN 1976, Ang Junting's father set up the family business, Hai Sia Seafood, in a wet market at Mei Ling Street. Every day, the family's stall would sell bucket loads of fresh seafood such as red...

Challenges SMEs face in their digital transformation journey

IN 2018, digitalisation became a popular buzzword in Singapore. Adopting e-payment systems, going paperless and using digital software to improve productivity in the workplace and increase...

Top 1,000 firms in Singapore clock record profits, revenue: DP Info study

THE top 1,000 companies in Singapore generated all-time record turnover and profits in 2019's ranking - the highest since the ranking started 32 years ago, according to research by DP Info and EY.

Making it work: managing finances as a freelancer

SINGAPOREANS are embracing full-time self-employment and the freelance lifestyle. A Ministry of Manpower report from 2017 found that freelancers make up approximately 8.5 per cent of the workforce...

What more is needed to spur innovation in Singapore SMEs?

ACCORDING to the 2016 national R&D survey by A*Star, the average total sales revenue from commercialised products and processes attributed to research and development in Singapore per company...

Engaging workers as business transforms is a must: panellists

EVEN as businesses continue to transform themselves, many have focused on technology alone - neglecting the need to engage with their people to cope with the changes, noted panellists at a human...

SMEs need open innovation for Fourth Industrial Revolution

THE month of October last year saw two large-scale events gearing local enterprises for the Fourth Industrial Revolution: the inaugural Industrial Transformation Asia-Pacific 2018 (ITAP) was held...

Going with the flow of business

STARTING with a single desk in borrowed office space and just one telephone line, Aik Soon Hardware has grown from a general hardware dealer to a specialist distributor of marine and industrial...

How can South-east Asia produce more unicorns?

FUELLED by talented and experienced entrepreneurs, South-east Asia is fast becoming a leading innovation destination. While the US fell out of the top 10 in the 2018 Bloomberg Innovation Index,...