Monday, April 6, 2020
Customised help for SMEs take the next leap in their transformation Businesses, including small and medium-sized enterprises (SMEs), will have more support to take the next leap in their transformation journey, with a slew of initiatives outlined by Senior Minister of State for Trade and Industry Chee Hong Tat in Parliament...
Singapore has long made a name for embracing emerging technologies and is now the go-to hub for firms looking to springboard into the APAC region’s various markets. Entrepreneurs in Singapore, many of whom own small and medium enterprises (SMEs), already have an appreciation of the business value technology brings —...
Singapore’s Budget 2020 was introduced on 18 February 2020 by Deputy Prime Minister, Heng Swee Keat, and it revealed an array of measures to deal with short-term challenges such as the COVID-19 outbreak; as well as outlining long-term economic development plans. Here is a summary of several key business...
Singapore cuts 2020 GDP forecast to -0.5% to 1.5% due to COVID-19 outbreak Singapore is expecting slower growth in 2020 and has downgraded its gross domestic product (GDP) forecast amid concerns about the ongoing COVID-19 outbreak. Economic growth for this year is now expected to come in at around 0.5...
The Singapore Tourism Board expects the country’s tourism sector to take a “significant hit”, with visitor arrivals estimated to fall by 25 per cent to 30 per cent this year due to the novel coronavirus outbreak. The coronavirus outbreak has significantly impacted visitor arrivals, especially from China, which accounts for...
The announcement of the Budget 2020 for Singapore is fast approaching and businesses are beginning to reveal what they hope to see. Many have cited bread-and-butter issues that they would like to see addressed; while others have set their sights on longer-term issues such as sustainability and support for...
Singapore closes borders to all Chinese travellers to stem spread of coronavirus Singapore will close its borders to all new visitors from mainland China, including foreigners who have been there within the past 14 days. It will become the first Southeast Asian country to do so in a bid to stem...
The likes of Ant Financial, ByteDance and Xiaomi are looking to snag one of the licences issued by Singapore’s central bank this year. Analysts say the new players’ entrance will help innovate the Singaporean banking industry. The Monetary Authority of Singapore is issuing as many as five digital banking...
The Asia Pacific Economic Cooperation (APEC) zone is home to an uncountable number of SMEs. Said SMEs play a pivotal role on the Pacific region as engines for growth and innovation. By the end of 2019, up to 97 percent of all businesses and employed workers across the APEC...
Singapore’s central bank has received 21 applications for digital bank licences at the close of application on 31 December 2019. In a media released today, the Monetary Authority of Singapore (MAS) said there were seven applications for the digital full bank licences and 14 applications for the digital wholesale...
Healthcare seems to be the new hot thing that Singaporean investors are looking into. Said investors are now being drawn in by the industry’s innovations and strong government support. Biofourmis, a startup originally from Singapore is one such example. After scoring a lucrative US$35 million from US investment fund Sequoia...
Connecting small and mid-sized enterprises (SMEs) with government agencies, service providers, and technology enablers can help fuel growth despite a lack of resources to go digital. That’s the brilliant idea that the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) piloted last year, with the...

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