ASME

SINGAPORE BUDGET 2026

Budget 2026: SMEs unlikely to face sharp cost increases from EP, S Pass salary hikes, but offshoring interest may grow

A key way for SMEs to adapt to higher costs is to offshore parts of their operations, say industry observers

SME leaders note that clearer carbon tax guidance and the ability to pay for AI tools on a fractional basis could help businesses manage costs.

SMEs ‘screaming for help’, panellists say, as they urge Budget support on costs and overseas push

Enhanced internationalisation schemes, greater access to government financing facilities among measures that could make a difference

Deeper automation and AI deployment could mean fewer workers are needed in some firms, particularly at the entry level.

ESR’s push for AI welcomed by observers, but they say it could put the heat on fresh grads

Market watchers, reacting to the ideas the Economic Strategic Review panels have put forward, say the heavier use of artificial intelligence must be managed

Ang Yuit has been elected for a second term as Asme president.

Asme launches programme to help SMEs form strategic partnerships; expands market access initiatives to Asia

For 2026, the association’s newly elected council will focus on helping tap inorganic growth opportunities and enter new markets

Besides aiding SMEs, the centre will collect data on real-world AI use cases and user challenges. This material will be used to shape future AI initiatives and policies.

Free AI workshops, resources for SMEs at new AI Centre of Excellence

The collaboration between Asme and ITE will also give students exposure to AI for business purposes

Asme president Ang Yuit, speaking at the AI Festival Asia 2025, says more initiatives are coming up this year, which will be announced in due time.

Asme partners ITE, two polytechnics to help SMEs build AI capabilities

This collaboration includes giving these smaller businesses subsidised access to artificial intelligence tools

Asme president Ang Yuit says Internationalisation remains a key challenge for smaller SMEs.
SINGAPORE BUDGET 2025

More funding for training, digitalisation among Asme’s Budget 2025 proposals

The government could also help companies’ training efforts, the association suggests

Temasek Polytechnic principal and chief executive Peter Lam (left) and ASME president Ang Yuit. The two parties will work together to advance sustainability efforts among SMEs.

ASME inks MOU with Temasek Poly to help SMEs build sustainability capabilities

A business transformation programme will be launched to help companies curate and fine-tune sustainability road maps

The four-day work week may work in some sectors but might not suit smaller firms or industries with round-the-clock operations.

Singapore businesses doubt recent survey findings on employers’ openness to a four-day work week

In the survey of fewer than 100 companies, nearly seven in 10 found a four-day week ‘feasible’

The Fed started hiking rates in March 2022, with ripple effects on markets and the economy around the world.
FED DECISION

Impending Fed rate cut offers Singapore firms silver lining amid cloud of global uncertainties

AS the US Federal Reserve prepares to cut interest rates, Singapore businesses are weighing the potential benefits of cheaper financing against global economic uncertainties, industry observers say.