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...
Minister for Communications and Information and Minister-in-charge of Trade Relations S Iswaran has announced the launch of the SUNRISE programme, a programme that sets in motion bilateral trade activities and establishes institutions of  commerce between Singapore and the state of Andhra Pradesh, India.The Singapore Business Federation (SBF) is...
The government is amending rules to make it cheaper and easier for small and medium businesses (SMEs) to start bidding for government projects. Since June 2018, companies with yearly revenues below $5 million no longer have to produce audited financial statements to take part in government tenders. This makes the process of bidding...
Ascendas-Singbridge Group (ASB), supported by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore, announced the formation of a Smart Urban Co-Innovation Lab, the first developer-led lab in Southeast Asia. Slated to be launched later this year, the lab will facilitate and support at least 30 co-innovation...
Cloud Comrade, an enterprise-focused, Singapore-based cloud computing consultancy company and Google Cloud have joined forces to help ICT SMEs in Singapore take advantage of opportunities in a Services 4.0 era via GoCloud with Cloud Comrade, an Infocomm Media Development Authority (IMDA) initiative. The GoCloud initiative by IMDA...
Singapore based start-up Toripu has announced plans to expand its management and operations team into the Vietnam market. The company offers an online platform where travellers will be able to search and book their holiday drivers. Travellers will be able to, based on their budget and...
The National Trades Union Congress' (NTUC) Employment and Employability Institute (e2i) has launched a closed portal for heads of small and medium-sized enterprises (SMEs), with modules specifically tailored for business owners and directors. The portal is part of the existing platform U Leap, or...
In a significant revamp of accountancy regulations, auditors will come under greater scrutiny according to new proposals put forward by the Singapore Exchange Regulation (SGX RegCo). The latter will order a second audit on listed companies with clean audits if something does not seem right.
Peer-to-peer rental platform MyRent has launched in Singapore recently. MyRent seeks to help Singaporeans monetise their belongings by renting their items out to its community of users. MyRent was co-founded by Ishwar Dhanuka, Mark Kok, and Rahul Sharma. “The idea behind MyRent is to...
Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development inked two Memorandum of Understandings (MoUs) with Telekom Malaysia Berhad (TM) and Commerce.Asia respectively to complement SME Bank’s transformation agenda. Through the partnership, SME Bank aims to create the National...