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According to a recent study published in March this year, Singapore small and medium business (SMBs) cited rising costs as one of their top business challenges. Recent guidelines announced by the government under new Tripartite Guidelines on Flexible Work Arrangement (FWA) Requests have added an additional challenge,...
In an era of rapid innovation and entrepreneurship, startups find themselves at a crossroads in seeking financial backing to fuel their growth. Traditionally, the paths available to these fledgling companies have largely been through securing venture capital or pursuing traditional bank loans. However, both routes come with...
The world has become increasingly interconnected, and in an era marked by internationalization, e-commerce businesses are inevitably looking beyond their domestic markets to seize opportunities for growth on the global stage. However, shopping behaviors are changing worldwide as costs of living remain a top consumer concern. As...
Back in 2019, a survey found that 49% of Singaporeans considered shopping a hobby. Five years down the line, many can still attest to the joy of shopping – online or at a mall. It goes without saying that retail is a key pillar of the Singapore...
Southeast Asia’s digital economy is set to be a USD 1 trillion market by 2030, providing businesses with fresh opportunities to capitalize on the digital wave. Companies from all industries have set their sights on this market, with research indicating that 95 per cent of business leaders...
The Christmas gifting season is pivotal for e-commerce businesses as they offer the chance to boost sales, acquire new customers, clear inventory, enhance brand visibility, gather valuable data, foster customer loyalty, and stay competitive in this ever-evolving landscape. After the popular Black Friday and...
The Cyber Security Agency of Singapore (CSA) reported a staggering 175% increase in phishing attacks from the 3,100 attempts reported in 2021. Over half of these attacks are specifically targeted at businesses, with scammers attempting to deceive employees through fraudulent emails and unassuming ransomware.
Paid maternity and paternity leave. The Skills Development Levy. Self-help group contributions. Customisable compensation packages. Local laws and tax requirements for remote workers. These are a mix of compulsory employer contributions and employee benefits, varying between individual companies and employees, but all with one thing in common...
Small business owners often believe that cybercriminals are less likely to come for them because there are always ‘bigger fish to fry’. Unfortunately, this notion, coupled with limited resources, is putting small businesses at risk. The Cybersecurity Agency of Singapore (CSA) recently announced that...
In the ever-evolving landscape of retail, the digital revolution continues to reign supreme in 2023. Despite a resurgence in physical stores during 2022, the e-commerce sector experienced an astounding surge in 2022, with global sales surpassing the staggering $5.7 trillion mark. Only in...