Thursday, September 24, 2020

Shop Local, Online

It’s well known that shopping locally helps the economy. But how exactly does it help? Principally, local SMEs help the economy by introducing a multiplier effect. They are often owned and staffed by locals, where their earnings will flow back into the economy. But more than that, local businesses will...
Enterprise Singapore (ESG) has recently launch its inaugural Energy Open Innovation Challenge (EOIC) 2020, in partnership with a multitude of energy companies such as Chevron, ConocoPhillips, ExxonMobil, and Shell. This challenge seeks to engage with both SMEs and startups. The EOIC is calling for these SMEs and startups to provide...
Having an online presence is now just as important, if not even more important than having boots on the ground. COVID-19 has brought about border closures and widespread movement control orders, forcing companies to rethink operational expectations and norms. Those that fail to adapt quickly will likely see significant...
Following the Circuit Breaker measures implemented by Singapore in response to the COVID-19 pandemic, Alibaba Cloud has noted a distinct and growing demand for cloud technologies, particularly among the local SMEs. Alibaba Cloud states the more than 50 percent surge in demand reflects the pressing need for businesses to embrace...
In a recent webinar organised by the International Business Division (IBD) of the Singapore Indian Chamber of Commerce and Industry (SICCI), Indian business leaders suggest that the Uttar Pradesh state of India holds an abundance of opportunity that Singaporean SMEs can take advantage of when considering overseas expansion. A prosperous...
Survival is now the foremost priority of most SMEs in Singapore. The economic fallout that was caused by COVID-19 and the subsequent lockdowns may have left SMEs in a destitution, but the fight to claw their way back out is no less harrowing. While some owners have begun frantically diversifying...
Despite the disruption caused by the COVID-19 pandemic, demands for greater implementation of smart and clean energy solutions still persist. As such, the Energy Market Authority (EMA) and Shell have issued a grant call targeted at SMEs to develop smart and clean energy solutions. The initiative is supported by Enterprise...
Malaysia may reopen its border with Singapore as early as August 17 under the Reciprocal Green Lane (RGL) and the Periodic Commuting Arrangement (PCS). Malaysian Foreign Minister Datuk Seri Hishammuddin Hussein announced this after meeting his Singaporean counterpart Dr Vivian Balakrishnan, at the Johor-Singapore Causeway Sunday. Datuk Seri Hishammuddin...
Singapore has entered a technical recession after its economy contracted 41.2 per cent in the second quarter from the previous three months, dragged down by weak external demand and COVID-19 "circuit breaker" measures. Several months of COVID-19 restrictions and workplace closures have battered Singapore's construction, retail and...
Voting in Singapore's election was extended on Friday, after coronavirus infection control measures led to long queues and delays at polling stations. Voting is mandatory in the city-state, and many voters lined up in masks for as long as an hour to cast their ballots. The delays...
Industry bodies representing landlords and tenants in Singapore have formed a temporary committee to discuss long-term standing issues on rental and tenancy. The deliberations are expected to be completed by the end of the year. The committee, which is being called the Fair Tenancy Pro Tem Committee, is set up...
Singapore Prime Minister Lee Hsien Loong has called General Election 2020 to "clear the decks" for a fresh mandate for the Government. In a televised address to the nation, Mr Lee said that an election now will give the new Government a fresh five-year mandate to focus...