In a first-of-its kind partnership, Southeast Asian eCommerce company Lazada Group is partnering with higher education institutes and data analytics experts to jointly develop online and offline training courses for entrepreneurs and small and medium enterprises (SMEs) to become more efficient and cash in on the ecommerce boom. Launched in 2012, Lazada is...
Kampong Glam, Singapore’s first digitally-enabled neighbourhood, has launched five initiatives in its first phase to help traditional businesses located in the area succeed in a digital economy. Around 150 merchants have already benefited from the digital transformation. The neighbourhood transformation project led by the IMDA in collaboration with Enterprise Singapore, the One Kampong Gelam...
Is it time for small and medium enterprises (SMEs) in Singapore to bury the old paradigm and focus on newer technologies such as Artificial Intelligence (AI) to help them bridge the gap? Traditionally, SMEs have lagged behind bigger enterprises in scale and resources and while they are usually reluctant to embrace new technologies,...
A FedEx Express study has revealed that small and medium-sized enterprises (SMEs) in Singapore were top exporters by revenue in the Asia-Pacific last year. Singapore’s SMEs generated an average annual exporting revenue of US$1.75 million (S$2.38 million), ahead of the US$1.21 million average recorded across countries in the Asia-Pacific. Singapore also held the top...
SingPost and Synagie will collaborate to provide on-demand warehousing and fulfilment solutions to SMEs in Singapore and Southeast Asia (SEA). Southeast Asia’s small and medium-sized enterprises (SMEs) will now be able to utilise state-of-the-art warehousing and fulfilment services provided by SingPost subsidiary Quantium Solutions,...
FedEx Express’ annual APAC SME Research Report has revealed that small businesses in Asia are using technology to drive exports worldwide. For the first time, the proportion of SMEs that export beyond Asia exceeds the proportion who export only to countries within the region. Overall, the number of SMEs exporting beyond Asia is...
Singapore and South Korea have inked two agreements that will provide opportunities for small and medium enterprises (SMEs) and startups in both countries to sharpen their competitive edge and internationalise. The two Memoranda of Understanding (MOUs), witnessed by President Moon and Singapore Prime Minister Lee Hsien Loong, establish new partnerships...
At a recent technology forum, Singapore Minister for Trade and Industry, Chan Chun Sing emphasised on the role of small and medium enterprises (SMEs) in innovation. According to Chan, we now live in an era where the effects of technological disruption are ubiquitous, touching all aspects of our lives – from the way...
Small and medium businesses need to jump on to the mobile payments bandwagon in order to gain a competitive edge over larger firms. A recent survey conducted by US-based financial services corporation Visa, indicates that customers worldwide prefer to pay with credit cards or mobile devices. According to the survey titled Digital Transformations...
Singapore’s MHA and Infocomm Media Development Authority (IMDA) are joining hands to bring technology to small and medium security agencies helping them go digital. The initiative will receive funds to the tune of S$9.54 million over the next few years. The programme aims to support technology and innovation in the industry. The launch...