Telecommunications company StarHub and United Overseas Bank Limited (UOB) have joined hands to provide digital solutions to small and medium enterprises (SMEs) to help speed up their digitalisation efforts. The collaboration is aimed at helping SMEs and new companies thrive in the digital economy and is in...
Singapore signed a second protocol amending the Comprehensive Economic Cooperation Agreement (CECA), which will boost bilateral trade with India, with both sides agreeing to expand the coverage of tariff concessions. The provisions of the Second Protocol will come into effect from September 14, 2018. "The two countries are exploring the possibility of launching...
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...
HSBC Singapore has launched an exclusive full suite of banking services and tailored solutions to select small and medium enterprises (SMEs). Operating on a per invitation basis, the accelerator programme titled Pioneer will provide tailored business solutions, flexibility, support and expertise for SMEs who are not able to access banking services...
The last couple of years has seen increased focus among government & policymakers to ramp up Singapore's indigenous productive capabilities, especially those of its small and medium businesses (SMEs). In a report released in 2010, the Economic Strategies Committee (ESC) - a government committee set up to provide strategic direction for the...
DBS will create a B2B platform for small and medium enterprises (SMEs) to sell their goods and services to large corporate and multinational corporations (MNCs). DBS is collaborating with Singtel for the SME portal which will instantly connect SMEs including those without an online presence to an e-commerce platform hosted on the...
A recently launched accelerator programme in Singapore aims to help startups and small and medium enterprises (SMEs) from Brunei to expand to Southeast Asia. The programme, Start-Up Boot Camp, has been launched by Singapore’s Golden Equator Consulting (GECo) and Darussalam Enterprise (DARe) of Brunei. The main goal of the program is...
FedEx Express’ annual APAC SME Research Report has revealed that small businesses in Asia are using technology to drive exports worldwide. For the first time, the proportion of SMEs that export beyond Asia exceeds the proportion who export only to countries within the region. Overall, the number of SMEs exporting beyond Asia is...
At a recent technology forum, Singapore Minister for Trade and Industry, Chan Chun Sing emphasised on the role of small and medium enterprises (SMEs) in innovation. According to Chan, we now live in an era where the effects of technological disruption are ubiquitous, touching all aspects of our lives – from the way...
In a first for Singapore, a shared small batch food manufacturing facility being set up by Enterprise Singapore, JTC and Singapore Institute of Technology (SIT) aims to fill a gap in the market for small batch production. Small and medium food manufacturers often face hurdles such as a lack of facilities, costly equipment,...