Intangible assets and Intellectual Property (IP) play an important role in Singapore’s economic and industry transformation plans set out by the Future Economy Council and Emerging Stronger Taskforce. Since the 2013 IP Hub Master Plan, Singapore has built an IP ecosystem that supports innovation activities, and is well-connected to...
Businesses overwhelmingly recognised the importance of digital transformation and are deploying digital solutions to improve operational efficiencies (77%) and upgrading their IT systems (71%) ahead of improving product/services (65%) or customer experience (65%). Businesses are spending 11% of their budget on digitalisation and are well-invested in cloud, e-payment and cybersecurity....
Enterprise Singapore (EnterpriseSG) and Google Cloud today announced joint initiatives aimed at accelerating AI adoption and innovation for organizations in Singapore. These initiatives will enable the next wave of globally-oriented, high-growth startups to build and launch their own proprietary AI products, and empower more small and medium-sized enterprises (SMEs)...
The Singapore Business Federation (SBF) launched the ‘Greater Together: Two Economies, One EcoSystem’ report at the Johor-Singapore Special Economic Zone (JS-SEZ) Joint Investor Forum, which revealed overwhelming interest in the proposed Johor-Singapore Special Economic Zone. The forum was jointly organised by SBF and Invest Johor and attended by around...
The recently launched Digital Enterprise Blueprint (DEB) outlined the Government’s support for enterprises and workers in harnessing digital technologies to drive growth. In support of the DEB, the Infocomm Media Development Authority (IMDA) has launched two new solution categories under the Advanced Digital Solutions (ADS) scheme - Omnichannel Retail Management...
HSBC and Singapore Business Federation (SBF) have signed a Memorandum of Understanding (MOU) at the Singapore Apex Business Summit 2024 to help Singapore businesses seize new growth opportunities in key trade corridors – Greater Bay Area (GBA), India and the Middle East. In addition, HSBC will leverage its global expertise...
Founded in 2008, 361 Degree Consultancy is both an accounting firm and a Xero software integrator. Today they provide around 1,700 small and medium-sized businesses with a comprehensive suite of services including accounting, auditing, tax preparation, and government grant advisory. The company itself is a keen adopter of new tools...
In the ever-changing digital environment, small and medium-sized enterprises (SMEs) in Singapore face opportunities and challenges in their quest for growth and efficiency. Recognising this, the Singapore government has rolled out several schemes to help SMEs embrace digital transformation. A key programme that the government developed is the new blueprint,...
Singapore Business Federation's Free Trade Agreement (FTA) Survey 2023 found that more businesses are familiar with and have benefitted from FTAs compared to 2021. The ASEAN Trade In Goods Agreement (ATIGA) and ASEAN - China Free Trade Agreement (ACFTA) were the most cited FTAs that benefitted businesses. However, businesses...
Singapore has taken another leap forward as a Smart Nation with a pioneering view on artificial intelligence (AI). The government unveiled the National AI Strategy (NAIS 2.0) in December last year, along with a broader pledge of over SGD 1 billion towards AI computing, talent, and industry development in...