In the first edition of Xero Community, organised by accounting software company Xero, small and medium businesses in Singapore got together to decode the 2019 Budget. The Xero Community is a quarterly series of events to provide a platform for local SMEs to learn, connect and take...
The Ministry of Trade and Industry (MTI) in its recent Economic Survey revealed that the Singapore economy grew by 3.2 per cent in 2018. For 2019, MTI has maintained the GDP growth forecast at “1.5 to 3.5 per cent”, with growth expected to come in slightly below...
Singapore has taken several measures to beef up cybersecurity after attacks in recent years.  A new multi-year roadmap is underway to identify next generation cyber-threats and develop the solutions and capabilities needed to secure Singapore’s connectivity infrastructure. This was announced by...
As part of the ongoing review of the Personal Data Protection Act 2012 (PDPA), Singapore intends to introduce a data portabilityrequirement. As data portability is a recent global development, a Data Portability Discussion Paperhas been issued to provide greater clarity of its benefits in support of a...
In the latest edition of the Global Connectedness Index (GCI) released by international express services provider DHL, Singapore has ranked second in the world for trade connectivity, the result of policies that leverage global connectedness as a cornerstone of its economic development strategy. Singapore is also one of the five...
Good news for SMEs in Singapore. The government has set aside an additional S$100 million (US$74 million) for small and medium-sized enterprises (SMEs). This was announced by finance minister Heng Swee Keat in Parliament during his annual budget speech. The fund, dubbed SME Co-Investment Fund III, will...
A dipstick poll conducted by financial services group DBS has revealed that SMEs in Singapore are looking to the government to give them a leg-up in supporting their business growth this year. Eight in 10 said they are expecting more business incentives to be announced at the...
Singapore’s Central Bank, the Monetary Authority of Singapore (MAS), has warned members of the public not to be misled by fraudulent websites that solicit investments in cryptocurrencies using fabricated information attributed to the Singapore Government. These websites falsely claim that Singapore is adopting a...
Design Orchard, an initiative by Enterprise Singapore, JTC and Singapore Tourism Board (STB) will bring over 60 local brands together on Orchard Road and enhance the precinct. Located at the junction of Orchard Road and Cairnhill Road, the 2.5-storey development comprises a retail showcase on the first level, incubation...
The Singapore Business Federation (SBF) SME Committee (SMEC) submitted its recommendations for the Singapore Budget 2019 to the government earlier this month.In 2018, the Singapore economy grew 3.3%, in line with the Ministry of Trade and Industry’s (MTI’s) forecast of 3.0% to 3.5%. Moving forward, MTI forecasts...