Knock on wood for success
Innovating in tandem with today's changing market conditions is necessary for small and medium enterprises to stand out. The Business Times looks at what three Singapore SMEs are doing to shake things up in their various industries - through innovation.
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WHEN Jason Chang started his venture into the wood business, all he had was a table and a typewriter - and "no money".
Life was tough back in 1988 when he started Pacific Forest Products, a small and medium enterprise engaged mainly in the trading of timber. Mr Chang remembers having to go around begging for a S$30,000 loan for his very first order which he eventually secured.
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