Singaporean small businesses which leverage technology are more likely to experience business growth, according to global professional accounting body CPA Australia. Around one-third (36.4 per cent) of Singapore's small businesses grew in 2021, a slight increase from 35.5 per cent in 2020. This result was affected...
To support Singapore’s Smart Nation efforts, DBS, in collaboration with the Government Technology Agency (GovTech), is partnering the Health Promotion Board (HPB) and NETS to introduce a digital payment feature in HPB’s Healthy 365 mobile app. From Monday, 25 April 2022, Healthy 365 app...
The Singapore Institute of Technology (SIT), Enterprise Singapore (Enterprise SG) and JTC jointly launched FoodPlant, Singapore’s first shared facility for small-batch food production that is licensed by the Singapore Food Agency (SFA). A key FoodInnovate initiative, FoodPlant provides affordable access to a wide range...
DBS Foundation has announced the launch of a new grant programme to support small-and-medium enterprises (SMEs) looking to kickstart their transition towards becoming more sustainable businesses. The programme is open to SMEs incorporated in Singapore, Hong Kong, Taiwan, India, and Indonesia This is an...
The Singapore economy has entered a new phase of growth. Despite ongoing COVID-19 limitations and supply chain disruptions, Singapore's GDP expanded by 7.6 per cent in 2021, a strong rebound from the 4.1 percent contraction in 2020.  A similar trend of growth and recovery...
A region wide consumer survey by Lazada in collaboration with Milieu Insight has established that a large number of shoppers (73%) now consider shopping online to be integral to everyday life, with 67% of them identifying eCommerce Mega Campaigns as a key factor in shaping their consumer...
Having lived and worked in many countries, I can understand why Singapore is seen as an innovation hub globally. According to the Global Innovation Index (GII), Singapore has consistently been among the top 10 most innovative economies for the past 14 years.  Our island...
Companies worldwide face increasingly complex challenges, competition, and potential revenue loss as a result of unexpected machine failure. In fact, the world’s largest manufacturers are losing close to $1 trillion a year due to machine failure. This trend has been further exacerbated by the COVID-19 outbreak, which...
Minister-in-charge of Trade Relations S Iswaran and French Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester have signed the France-Singapore Digital and Green Partnership (DGP) at a virtual signing ceremony. The DGP provides a structured platform for France and Singapore to cooperate...
The Southeast Asian region has always been a critical cog in the global economic engine. Even amid the global health crisis, the region's economy has remained resilient and relatively composed, dropping only by 1.5 percent during the pandemic while the rest of the world dipped by 3.2...