SME News
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2024-03-07
SMEs cite higher costs, lower profitability as top 2023 challenges: survey
HALF of Singapore’s small and medium-sized enterprises (SMEs) cited increased costs and reduced profitability as a top business challenge in 2023, up from 16 per cent in 2022, according to an annual survey. Insurance provider QBE Insurance, ...
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2024-03-06
S$15 million addition to Maritime Cluster Fund among moves to improve sector’s sustainability
A NEW pillar under Singapore’s Maritime Cluster Fund will co-fund sustainability efforts by companies, with S$15 million set aside until 2030. The sustainability pillar joins the fund’s existing three pillars of manpower development, b...
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2024-03-04
FASMEC aids SMEs in obtaining global quality certification
Te Tang Po, chairman of the Federation of Associations for Small and Medium-sized Enterprises (FASMEC), announced a new initiative to prepare 50 Cambodian SMEs for S5, GHP, ISO and HACCP certifications to elevate product quality for international exp...
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2024-03-04
UP govt to start ‘MYUV Abhiyan’ to foster entrepreneurship among youth
To foster entrepreneurship among the youth of Uttar Pradesh, Chief Minister Yogi Adityanath’s ambitious scheme, “Mukhyamantri Yuva Udyami Vikas Abhiyan (MYUVA),” is set to be launched soon. CM Yogi has directed of...
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2024-02-29
Singapore Unveils Tender Lite to Boost SME Participation in Government Contracts Up to $1M
In a move poised to revolutionize the procurement landscape for small and medium enterprises (SMEs), the Singapore government, through the voice of Second Minister for Finance Chee Hong Tat, has officially announced the introduction of Tender Lite. T...