Enterprise SG

SINGAPORE BUDGET 2026

Budget 2026: New consolidated Edge grant to streamline funding application process for SMEs

Existing support schemes will also be enhanced to help more Singapore businesses capture overseas and domestic growth

EnterpriseSG chairman Lee Chuan Teck notes that the scale of transformative projects in 2025 have shrunk, as smaller companies were careful about embarking on initiatives that require large investments and capital expenditures.

Singapore firms could grow revenue by S$12.3 billion with EnterpriseSG support in 2025, down from 2024

10,000 skilled jobs are also expected to be created through transformative projects undertaken by 2,400 companies last year

The contract from Taiwan's National Academy of Marine Research marks Marco Polo Shipyard's largest-ever win.

Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project

The group previously said it would finance the project through internal cashflows and not require any project-specific debt

Dim sum store owner Pierre Lim runs Her Feng Xiang, one of 15 participating SMEs at Sprout@AMK.

From sourdough bao to pet first aid: Heartland SMEs in Ang Mo Kio reimagine tradition

They are participants in Sprout@AMK, a 12-month pilot designed to help enterprises test new concepts before scaling up

Africa's manufacturing drive presents opportunities in the sector, as well as in logistics and energy. In March, Enterprise Singapore deputy managing director Tan Soon Kim (second from right) and his delegation visited Kenya's port of Mombasa.
COMMENTARY

Africa presents a promising new frontier for Singapore businesses

The continent’s growth trajectory presents a compelling story, as businesses look beyond traditional markets

Based on a survey conducted at the National Retail Federation Retail’s Big Show Asia Pacific in 2024, local retailers are facing challenges such as building brand awareness and rising business costs.

EnterpriseSG, CapitaLand Investment launch challenge to foster, identify innovative retail concepts in Singapore

Winning brands will receive up to one year’s worth of free retail space in CapitaLand malls to pilot and showcase their concepts

Stephen Kines, co-founder and chief operating officer of Goldilock, notes that that it is currently working with channel partners and distributors. Its local channel partners include NCS and ST Engineering.

Cybersecurity firm Goldilock invests S$1.2 million, opens regional HQ in Singapore

It will hire five engineers here within the first 18 months of opening, and about 20 people over the coming three years

It has been noted that while there is growing traction among SMEs to embark on sustainability, many remain unsure of how to get started.

Enterprise Singapore launches new one-stop Sustainability Hub website for SMEs

The platform will help local enterprises easily access information and government resources to help them in their green transformation

The bank provides nearly 4,000 SMEs across Singapore and the region with sustainable financing as at Dec 31, 2024.

SME sustainable financing loan book up more than 40% to exceed S$9 billion in 2024: OCBC

The bank has also partnered Enterprise Singapore to launch a new sustainability initiative

Challenges such as geopolitical uncertainties and higher business costs could have "dampened companies’ appetite to transform and grow” in 2024, says EnterpriseSG chairman Lee Chuan Teck at the statutory board's year in review.

Companies could book S$14.5 billion more in revenue from EnterpriseSG support in 2024, down a tad from 2023

But each firm can expect an average of S$8.6 million more in annual revenue in 2024, up from S$5.7 million in 2023