SMEs play an extremely important role in many communities by providing essential services, employment and adding to economic growth. As the backbone of Singapore's economy and workforce, SMEs make up to 99 percent of businesses, contributing to nearly half (48 percent) of Singapore's gross domestic product (GDP),...
The past decade has seen rapid evolutions, brought about by the accelerated digitisation of the world economy. Across Asia Pacific, people, businesses and even the public sector are collecting more data more rapidly than ever before. In Singapore, digital transformation and smart nation initiatives...
On March 2, the Singapore Business Federation (SBF) launched the SBF ManpowerConnect scheme as part of the Ministry of Manpower’s (MOM) temporary measure to help companies in the manufacturing and services sectors better manage their manpower needs in view of the COVID-19 situation. For a period of six months,...
In August 2019, Google and UOB launched SME Leadership Academy, a new training program for business leaders. This program is supported by Digital Industry Singapore (DISG) and SkillsFuture Singapore (SSG), and aims to help small- and medium-sized enterprises (SMEs) accelerate their digital transformation and compete more effectively in...
NTUC LearningHub (NTUC LHUB) has announced the launch of training pathways for Self-Employed Persons (SEPs) to acquire new competencies amidst the COVID-19 outbreak. Each pathway provides a specific skill track that guides SEPs to proficiency into roles such as ‘COVID-19 Citizen Defender’, Healthcare Assistant, Java Developer and Security Officer.
70% of youth in Singapore know about IP with copyright being the most familiar intellectual property type amongst youth. However, knowledge about types of IP such as copyright, patents and trademarks dipped to around 20% when probed further. Among the 1000...
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,...
The global economy is seeing signs of gradual recovery from the economic fallout due to the COVID-19 pandemic. The SBF-Experian SME Index for 1Q21 – 2Q21F registered an overall reading of 48.2, an uptick from 46.3 in the 4Q20 – 1Q21F SBF-Experian SME Index.
Talk of a global recession has been hogging headlines and conversations. In Singapore, the latest data from the Ministry of Trade and Industry showed the local economy shrinking 0.4% from the previous quarter, triggering comments from analysts that a potential technical recession is on the way. 
In September 2020, the SBF-Experian SME Index for 4Q20 – 1Q21F registered an overall reading of 46.3, based on data collected between July and August 2020, the lowest reading since the inception of the SME Index (“the Index”) in 2009. This index, a joint...