Government

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...

60 per cent of small- and medium-sized enterprises (SMEs) in Singapore believe in the importance of incorporating sustainable practices in their businesses, according to the UOB SME Outlook Study 2022. They said having sustainability core to their business will help to improve the company’s reputation...

Forming the backbone of the nation’s economy, Small and Medium-sized Enterprises (SMEs) are essential for Singapore and account for almost half (44%) of Singapore’s Nominal Gross Domestic Product (GDP), indicating the critical role they play in the country’s economic development. With over 288,000 SMEs in Singapore, SMEs...

SGTech has launched the ‘Generative AI for the Tech Workforce’ as a dedicated resource aimed at driving digital transformation for businesses. This resource guide will aid businesses such as SMEs, to leverage the use of Generative Artificial Intelligence or GenAI solutions and the corresponding training needs for...

eCommerce is becoming an indispensable part of every business. As the digital landscape continues to evolve, the number of eCommerce users is predicted to grow to 4.3 million users by 2027. However, despite its undeniable perks, many heartland retailers are still struggling to take...

Microsoft and Generation, a global nonprofit founded by McKinsey & Co, are partnering Digital Industry Singapore (DISG), Infocomm Media Development Authority (IMDA) and SkillsFuture Singapore (SSG) to upskill, place, and fill demand for tech-enabled jobs for up to 1,000 Singaporeans as part of the SGUnited Jobs and Skills Package. Titled #GetReadySG, the...

To achieve the vision of Singapore as a global front-runner for innovation in secure and resilient 5G applications and services, the The Infocomm Media Development Authority (IMDA) has put in place several initiatives to develop the 5G ecosystem: Regulatory ...

It’s no secret that 2020 has been a challenging year for businesses, particularly SMEs. In response, the Singapore Government has introduced several forward thinking initiatives to support local businesses and help them become more resilient and competitive. Two such initiatives are the S$200 E-invoicing...

Local business sentiment has weakened with only 25% of businesses confident that the economy will improve in the next 12 months, compared to 41% a year before. The top challenge faced by businesses is an increase in business cost (58%) with manpower cost cited...

The Smart Nation and Digital Government Office (SNDGO) and National Trades Union Congress (NTUC) signed a Memorandum of Understanding (MOU) on 30 November to formalize their collaborations that will equip workers with knowledge and skills for the digital economy. They also aim to engage Singaporeans in the...