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...
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....
Is it time for small and medium enterprises (SMEs) in Singapore to bury the old paradigm and focus on newer technologies such as Artificial Intelligence (AI) to help them bridge the gap? Traditionally, SMEs have lagged behind bigger enterprises in scale and resources and while they are usually reluctant to embrace new technologies,...
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...
Singapore’s MHA and Infocomm Media Development Authority (IMDA) are joining hands to bring technology to small and medium security agencies helping them go digital. The initiative will receive funds to the tune of S$9.54 million over the next few years. The programme aims to support technology and innovation in the industry. The launch...