South-east Asia's SMEs poised for growth

With the expansion of opportunities that digital brings, SMEs in South-east Asia can better harness technology to expand and innovate while tapping existing support networks to overcome funding barriers.

Published Mon, May 7, 2018 · 10:00 PM

Singapore SMEs

ALL giants grow from humble beginnings. Legend, formed in 1984 with US$3,800 is today's Lenovo, a US$32 billion Chinese multinational IT organisation.

Achieving such spectacular growth is not easy, particularly in today's rapidly changing operating environment. Especially for small and medium enterprises (SMEs), which are often constrained by resources, securing growth arguably requires more agility and innovation.

South-east Asia's SMEs are a key driver and contributor to the region's gross domestic product (GDP), accounting for more than 95 per cent of all business establishments. The competitiveness of these SMEs is inextricably linked to the competitiveness of the region.

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