Keyword : SMEs

  • Budget 2018 responds to SME issues about expanding overseas, but will they work?

    By: admintest admintest | Feb 28, 2018 | Hits: 2301

    The Government’s observation in Budget 2018 of a “shift in global economic weight towards Asia” is timely. Singaporean companies have been shown to be able to perform well overseas. In 2016, a survey conducted by IE Singapore found that for small- and medium-sized enterprises that had ventured abroad, overseas revenue growth was significantly stronger than total revenue…..

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  • Time to review government assistance to SMEs

    By: admintest admintest | Feb 14, 2018 | Hits: 1463

    There are two main schools of thought on the role of the Government in supporting our small- and medium-sized enterprises (SMEs). Some believe that the Government has done too much for our SMEs, has cultivated a sense of entitlement and dependency, and should take a step back and allow competition to separate the wheat from the chaff……

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  • Cybersecurity & SMEs in Singapore: Immediate Actions Required

    By: admintest admintest | Aug 14, 2017 | Hits: 2455

    Importance of Cybersecurity for SMEs Cybersecurity is now an integral part of business models – or should be. As Singapore’s economy becomes increasingly digitalised, it is important for businesses here to develop their cybersecurity defences. This is especially important for small and medium enterprises (SMEs), which currently account for 99 per cent of the nation’s…..

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  • Budget 2017: How Best to Help SMEs Go Digital

    By: admintest admintest | Mar 07, 2017 | Hits: 1494

    The government’s latest efforts to help SMEs use digital technology to grow should be a welcome initiative. Last year, almost half of the 1,100 businesses polled by the Singapore Business Federation said that they would like to see increased support for technological change. Only 39 per cent of businesses polled after last year’s Budget said…..

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  • What the CFE Report Means for SMEs

    By: admintest admintest | Feb 20, 2017 | Hits: 1535

    The Committee on the Future Economy’s (CFE) report, released on Feb 9, provides big-picture recommendations for small and medium enterprises (SMEs). SMEs are a key plank of the economy, accounting for around half of our economic output, and employing two-thirds of the workforce. How can they operationalise these recommendations on the ground through working with…..

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  • 3 Steps to Innovating Without Denting Profit

    By: admintest admintest | Aug 31, 2016 | Hits: 1531

    How can an organisation be more innovative, without sacrificing profits? This question, I imagine, is top of mind for small-and-medium-sized enterprise (SME) owners in Singapore as they grapple with business uncertainty and the government’s exhortations to improve worker productivity and transform Singapore into an innovation-driven economy. In fact, a recent survey, conducted by the Singapore…..

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  • Budget 2016: Pressing on with Economic Restructuring

    By: admintest admintest | Apr 04, 2016 | Hits: 2126

    As noted by Finance Minister Heng Swee Keat in his maiden Budget speech on 24 March, Singapore is expected to face weaker prospects overall in the coming year. Yet, despite the looming cyclical headwinds, it is essential for Singapore’s economy to press on and complete the current economic restructuring initiatives that were started five years…..

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  • Small Adjustments, Significant Impact

    By: admintest admintest | Nov 16, 2015 | Hits: 2177

    Economic growth and employment growth usually happen in tandem. However, as a country grows and its manpower resources become increasingly scarce, economic growth will have to be delinked from employment growth. Here, policy can help an economy overcome its resource constraints. The Singapore government is urging firms to adopt new technology to innovate and to…..

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