Singapore SMEs

Inside Singapore’s push to transform manufacturing through AI and automation

Cost, labour and competitive pressures push manufacturers to artificial intelligence, advanced engineering

Digital payment methods are expected to account for 97% of total e-commerce transactions by 2029, the study has found.

South-east Asia’s e-commerce market to hit nearly US$290 billion by 2029: study

But as digital payments dominate, ‘uneven digital maturity’ is preventing SMEs from capitalising on growth

Old Seng Choong's first overseas outlet is housed within OCBC Hong Kong’s flagship branch as part of the bank’s first “Bank x Lifestyle” retail concept.

Heritage confectioner Old Seng Choong makes overseas debut in Hong Kong with hopes of larger expansion

The home-grown pastry brand sees Hong Kong as a gateway to accessing the larger China market

Ishtara managing director Parthiban Murugaiyan says that rising gold prices have also increased operating costs, prompting the shift towards digitalisation.

Singapore jeweller Ishtara eyes overseas expansion, greater online presence amid gold price rally

It aims to capitalise on the boom to scale operations, tapping both retail demand and investment interest

An ageing population, shifting workforce aspirations and the sheer challenge of running a company have highlighted the issue of leadership succession. 

Higher bar, talent crunch complicate Singapore SMEs’ succession plans

For ageing towkays, finding the right successor may prove harder than before, observers say

DBS Singapore country head Lim Him Chuan (second from left); Acting Transport Minister Jeffrey Siow (third from left); and Chua Chu Kang GRC MP Choo Pei Ling at Tengah Community Club.
TAKING HEART

DBS commits S$10 million to cashback deals, boosts AI adoption support for SMEs

The moves are aimed at helping more Singaporeans ‘stretch their dollar’ and future-proofing local firms

Jerome Seow (left) and Claire Francis, co-founders of Fresher Performance Meals. The home-grown meal prep services provider has seen sales grow more than 50% annually since 2019.

Track your macros: Meal prep delivery services see gains in Singapore, amid health and fitness boom

Much of the demand has been fuelled by a new generation of consumers who are more informed about nutrition and portion control, players say

The index is compiled from transactional data of more than 100,000 OCBC SME customers in Singapore, each with annual revenue of up to S$30 million.

Singapore SMEs extend growth streak in Q1, but Middle East war clouds outlook: OCBC

Growth for the quarter is broad-based, supported by SMEs in domestic-facing and outward-oriented industries

Half of all firms polled say they have already raised prices or renegotiated contracts, while 40% of SMEs are prioritising cash conservation.

Two in three Singapore firms ‘moderately to severely’ hit by Iran war: SBF

Rising energy and logistics costs affect operations and demand, even as firms try to manage expenses and shift strategies