The Business Times
business-time-50
SGSME logo

Digitalisation of local SMEs could add up to US$24b to GDP by 2024: survey

google-preferred-sourceAdd BT as a preferred source
Published Mon, Aug 10, 2020 · 09:50 PM

Singapore

HIGHER revenue and productivity gains from digital transformation by small and medium-sized enterprises (SMEs) could add as much as US$24 billion to Singapore's gross domestic product (GDP) by 2024, helping the country rebound from the Covid-19 pandemic.

This is according to a survey of 1,400 small and medium businesses (SMBs) across the Asia-Pacific region, commissioned by Cisco and conducted by International Data Corporation (IDC).

Singapore SMEsDigitalisation

TRENDING NOW

Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

When every phone becomes a satellite phone, what happens to Asia’s telcos?

After vacating her roles on Oct 1, Lily Ler will become group CFO of the trust’s sponsor, Mapletree Investments.

Lily Ler to step down as CEO of Mapletree Industrial Trust manager

The proposed transaction also involves the sale of associated trademarks across Singapore, Malaysia and Myanmar.

Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain

ST Telemedia Global Data Centres is one of the four operators awarded the extra capacity.

Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More