Many small and medium-sized enterprises (SMEs) understand the importance of internationalisation and identify themselves as imperative parts in boosting the economy. While Singapore’s market is a mature one with lots of potential, it is limited by size, and internationalisation allows companies to tap on much bigger markets, helping them scale at a faster pace. Since its first product launch in 2016, igloohome has now grown into a leading smart access company today. The smart
Multilateralism has come under greater threat over the past few years. Sino-US trade tensions have escalated, and Brexit demonstrates the rise of populism and protectionism. Thus far, ASEAN has resisted these threats. Within the region, trade, investment, and visitor numbers have nearly tripled since 2017. The combination of these factors makes it important for SMEs, particularly in Southeast Asia, to focus on cross-border expansion. As the US and EU turn protectionist, they
According to findings from the latest SBF-Experian SME Index, SMEs have softened their business outlook for the next six months as a result of global economic headwinds. The global economy has slowed amidst the prolonged uncertainties cast by the ongoing US-China trade tensions, leading to the revision of the Ministry of Trade and Industry’s (MTI) GDP forecast for 2019 to “0.0 - 1.0%”. This is in line with private sector economists anticipating growth to decrease to 0.6%. The
Mention Jewel Changi Airport or The Helix at Marina Bay and most people would express their appreciation for these two architectural icons. These beautiful icons would not exist without the light installations done by Technolite. These light installations, coupled with cutting-edge structural design, have created architectural feats that Singapore has become known for. Coming a long way since 1991, Technolite first started out as a company that distributed lighting products.