SingaporeSmall of medium-sized enterprisesPurpose - The aim of this paper is to appreciate the difficulties faced by small and medium enterprises (SMEs) in a small open economy such as Singapore where there is very little margin for comfort. Design/methodology/approach - The approach is ...
The opportunities in the digital economy are real. In Southeast Asia alone, the market size is expected to grow to US$200 billion by 2025, with e-commerce accounting for US$88 billion. To accelerate the empowerment of SMEs in Singapore to capture a future economy...
For advice, SMEs can turn to the OECD Good Practice Guidance on Internal Controls, Ethics, and Compliance, which offers a reference for elements that should make up an anti-corruption compliance framework, no matter what a company's size, industry or location. These elements include, for ...
SMEs are at the heart of Singapore’s economy, representing 99 percent of all enterprises locally. While SMEs contribute nearly half of the city-state’s Gross Domestic Product (GDP), the SME Digital Transformation study conducted by Microsoft Singapore in partnership with the Association of Small...
In today’s digital age, several key factors are driving the need for businesses to go digital. These factors include: (1) Increase in Consumer Digital Spending Consumers (both worldwide and in Singapore) are becoming increasingly comfortable with online shopping. This trend is driven by factors...
While incumbent Italian banks have seen profits surge thanks to higher rates, the shrinking size and profitability of the non-performing loan market has hit illimity hard. Unperturbed, founder and chief executive Corrado Passera believes the original premise for an SME-focused neobank is more valid...
Maybank Singapore hosted 160 small and medium-sized enterprise (SME) guests and business leaders to discuss opportunities and economic benefits in the Johor-Singapore Special Economic Zone (JSSEZ). Alvin Lee, country CEO of Maybank Singapore, said: “The economies of Singapore and Malaysia ...
Having a business bank account is not just advantageous; it lets you operate your business in a professional manner. Given the many different choices of business bank accounts, here are some tips on how to select the best Singapore business bank account based on your needs. Why should you con...
SNEF (Singapore National Employers Federation) provides several suggestions for SMEs in Singapore to implement flexible working.
• Be registered in Singapore • Have at least 30% local shareholding • Have a group annual sales that do not exceed S$100 million or group employment size that does not exceed 200 employees. How to apply? The application process is divided into three parts: pre-application, application...