Small to medium enterprises (SMEs), also known as the pillars to the nation’s economy, comprise a large part of Singapore’s business landscape. According to data from Statistics Singapore in 2014, there were approximately 187,700 SMEs in Singapore, forming close to 99 percent of the island state’s total number of enterprises and contributing to nearly half (48 percent) of the country’s gross domestic product (GDP). As such, though SMEs are generally regarded as “the new kids
Digital transformation (DX) has been a hot talking point for some time now, but it seems
that a tipping point has been reached, with organizations picking up pace to get onboard. According to IDC, 72 percent of the top 1000 enterprises in APAC will have DX at the center of their corporate strategy by the end of 2016, with more than half of them creating an independent position to oversee the DX strategy implementation1. Beyond the hype, what does DX really entail? First, DX
Imagine having access to a service that not only provides endless local knowledge of any destination, but can also assist with any special requests to make your business trip that much more memorable. Now, imagine that this service is completely free to use and available to all travellers. Say goodbye to the days of struggling to find a great restaurant, deciphering confusing directions or hailing a cab on a rainy night, and say hello to the hotel concierge! Great business ho
As you might already know, the sharing economy offers plenty of interesting opportunities for SMEs and in particular, companies with a limited budget. In many countries, people and companies have started sharing their cars, their houses, their tolls, and even their pets. Research based in the US shows that 44% of US consumers are familiar with the sharing economy and 19% of the total US adult population have engaged in a sharing economy transaction. Several companies who grew
Has Myanmar come across your mind for regional expansion? In her transitional phase, this article analyses the potential promises and pitfalls when making the decision to establish yourself in Asia’s latest emerging market. Before 2012, Myanmar was not the mainstream market for investment for many companies.
Only recently has the country created much anticipation and hype over this promising land for businesses. The country’s political transition has lured a new rush of atte
ASME SAF Day Combined Rededication Ceremony 2016 FRIDAY, July 1st 2016 – Organised by the Association of Small & Medium Enterprises (ASME) and the Singapore Armed Forces, the SAF Day Combined Rededication Ceremony 2016 saw 108 business owners and NSmen pledging their continuous support towards national defence. Held at the recently launched SAFRA Punggol premises, the event was graced by Minister of Health, Mr Gan Kim Yong.
This is the eighth SAF Day organised by ASME and t
In the past, Ms Chua Mei Ling, aspired to be a teacher. But she shelved her plans of opening an enrichment centre for children to take on the position of finance manager at a local private funding company, leading and managing a finance team. However, she did not entirely give up on education. Following through with her passion, she chose to educate SME owners of various funding strategies and assisting them in their development plans. Today, she leads and manages a different