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...
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,...
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...
Singapore and South Korea have inked two agreements that will provide opportunities for small and medium enterprises (SMEs) and startups in both countries to sharpen their competitive edge and internationalise. The two Memoranda of Understanding (MOUs), witnessed by President Moon and Singapore Prime Minister Lee Hsien Loong, establish new partnerships...
Kampong Glam, Singapore’s first digitally-enabled neighbourhood, has launched five initiatives in its first phase to help traditional businesses located in the area succeed in a digital economy. Around 150 merchants have already benefited from the digital transformation. The neighbourhood transformation project led by the IMDA in collaboration with Enterprise Singapore, the One Kampong Gelam...
The Singapore government’s new IT spending budget has significant opportunities for small and medium sized enterprises (SMEs) in Singapore. According to a release shared by the Government Technology Agency’s (GovTech) press release, these SMEs accounted for almost two-thirds of the total number of ICT contracts awarded by the government in Financial Year 2017....
Small and medium businesses need to jump on to the mobile payments bandwagon in order to gain a competitive edge over larger firms. A recent survey conducted by US-based financial services corporation Visa, indicates that customers worldwide prefer to pay with credit cards or mobile devices. According to the survey titled Digital Transformations...