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With more floods, call for better business continuity umbrellas

AS climate change causes more flash floods in Singapore, companies need to come up with better business continuity plans so they can, among other things, continue operating offsite and protect their...

Cost, shortage of tech talent forcing Singapore firms to outsource abroad

HOMEGROWN e-marketplace service provider Shopmatic ran into a major hurdle in the early days of its regional expansion efforts.

This Chinese New Year, delivery startups keep tradition alive

RETAIL sales excluding motor vehicles inched up just 0.6 per cent in December, but consumers aren't necessarily holding back for the Chinese New Year...

Money

MAS sets out e-payment guidelines for banks, consumers

MAJOR retail banks offering mobile payments options here will effectively have about six months to ensure proper notification of e-payment...

COMMENTARY: Behind the human error that crashed NETS

"AN inadvertent human error during system maintenance" has been blamed for the nation-wide crash of the NETS system on Feb 2.

Fresh guidelines ahead on consumer rights with e-payments

CONSUMERS and small businesses wary of e-payments due to fears of unauthorised transactions through their bank accounts can soon be assured of no liability as long as they keep the account details...

Are you looking for advice on taxes or loans? Wondering how to make use of data analytics? Curious about how other SMEs motivate employees? Tap the wisdom of our panel of experts and the savvy of fellow entrepreneurs now - just ask.

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Editor's Pick

Support for SMEs entering new markets?

What can help ease the process for an SME trying to find its footing in a new market?
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Expert’s Take

Wong Choo Sin
Divisional Director, Enterprise Partnership Group, International Enterprise Singapore

Many SMEs face challenges in navigating the business landscape and finding the right local partners when expanding overseas. To ease some of these initial challenges, companies can make use of IE Singapore’s Plug and Play Network (PPN). Currently, there are 9 PPN partners providing pre-market entry advisory, business matching, in-market consultations and co-working spaces in key cities in China, Southeast Asia and India.

When going into a market, leasing an office space can be challenging due to regulatory requirements and high overhead costs. Processing time for office rental may also take quite long depending on the market. By using a PPN partner’s co-working space as a start, companies can set up easily and quickly without the hassle of business registration, renovation and rental agreements. A plus point is that these PPN co-working space partners have business mentors and advisors on hand to guide companies on set-up and business issues.

Another common challenge is in finding business leads. By using some of our partners on the PPN, companies can tap into their search and business matching services for overseas business partners.

For more details about the Plug and Play Network, visit http://www.iesingapore.gov.sg.gdruf.cn/PPN .

Towkays

How jiu-jitsu armed Goldbell Group’s COO Alex Chua to manage his family business

This Goldbell son has always been single-minded about being his own man. Now, he’s applying all he’s learned to the toughest task yet.

Creating perfume blends from childhood

Blending fragrant oils to create layered scents comes naturally to perfume designer Faridah Yusuf.

Mud Rock founders bond through clay

Restaurants such as Plentyfull, Le Binchotan and the Ottomani serve customers on this studio's plates and bowls.

Going Global

Shenzhen a good place for Singapore hardware startups: IE Singapore

OPPORTUNITIES abound for Singapore hardware startups in Shenzhen, a metropolis that has in the past few decades incidentally become Guangdong's...

Singapore industrial parks abroad help local SMEs in global drive

SOME 240 Singapore companies, 70 per cent of them small and medium enterprises, have invested in Singapore industrial parks set up in emerging...

The SME Magazine (Jan/Feb 2018)

Riding the "democratisation of aesthetics" wave

Novu Medical Aesthetics' Jennifer Loh wants ordinary, working-class folks to be able to enjoy beauty and wellness treatments without burning a...

Maximising human potential with chatbots

Enterprise chatbot solution Botbot.AI’s founder and chief executive officer aims to combat under-employment by moving people from repetitive,...

Cookie-cutter won't cut it anymore

In the constant fight to keep up with ever-changing tastes of consumers, differentiation is no longer a luxury but a necessity for SMEs.

Resources

How SMEs can draw and retain young tech talent

SMALL and medium enterprises (SMEs) are at the heart of Singapore's economy. SMEs make up 99 per cent of our enterprises, employ two-thirds of our workforce, and account for nearly half of...

AI: The next frontier of marketing

GONE are the days when marketing used to only involve traditional channels like TV and radio advertising, or printing brochures and flyers. The paradigm shift has seen marketing evolve by leaps...

Bosses and CEOs, your social media accounts are not personal

Hat Salesman. That’s how Elon Musk describes himself on his Twitter bio – even if the entrepreneur with dreams of cosmic...

Small Caps: Catalist

Malaysian furniture-maker first to list on SGX this year

TIMBER bedroom furniture-maker LY Corporation Limited will make its initial public offering (IPO) debut on the Catalist board of the Singapore Exchange on Wednesday, becoming the first listing of...

Son Ye-jin, represented by Spackman talent agency, to star in new K-drama

SPACKMAN Entertainment Group said on Monday that top-tier Korean actress Son Ye-jin, represented under Spackman's associated company, Spackman Media Group, is set to star in an upcoming Korean...

Serge Pun goes where others fear to tread

WHERE others see operational and regulatory risks in setting up businesses in Myanmar, Burmese tycoon Serge Pun sees opportunities - openings that he says wouldn't fall into his lap in highly...

Government

IE upgrades 2018 NODX forecast on 2017 rebound

SINGAPORE'S trade forecast for 2018 has been upgraded, after a turnaround in 2017 which saw non-oil domestic exports (NODX) growing at the fastest...

Singapore non-oil exports up 8.8% in 2017, forecast for 2018 revised upwards

SINGAPORE'S trade staged a turnaround in 2017 as growth rates reached a seven-year high, with the government also upgrading its forecast for 2018.

Spring Singapore, 9 partners in S$200m bid to boost tech startups

THE investment arm of Spring Singapore - Spring Seeds Capital (SSC) - has appointed nine co-investment partners in a bid to catalyse more than S$200 million worth of investments into tech startups...

Economy

Quick takes: Singapore 2018 GDP outlook more stable, but growth likely to slow

THE SINGAPORE economy expanded 3.1 per cent in the last three months of 2017, lifted once again by robust manufacturing growth.

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