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Koufu Group chairman Pang Lim (left) says handing over the reins to Chua Sher Lin is part of a "long-term plan established years ago".

‘The timing is now right’: Koufu founder Pang Lim on handing over the reins to a new generation

Chua Sher Lin will lead the group in more M&As, which are a key growth strategy

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

Fauzia Rani (left), the first woman to be involved in running VSS Varusai Mohamed & Sons, joined her father Haji V Syed Mohamed in 2007 to help run the family business.

Keeping quality high for over a century: VSS Varusai Mohamed & Sons fends off cheaper competition

Founded to supply pilgrimage necessities, the Kampong Glam business has diversified into perfumes while resisting pressure to cut corners

Succession planning is not just business; it’s looking out for family. It reduces tension among family and partners in a time of uncertainty and grief.
COMMENTARY

When SME owners delay succession planning, their business and family pay the price

In the wake of an SME owner’s death, cashflow risks and legal uncertainty can threaten business viability

From left: Jill Koh, Ryan Toh and Charmaine Toh are the third-generation owners of Cathay Photo.

Cathay Photo bets on e-commerce to keep 66-year-old family business clicking

Its third-generation leadership hopes the SG Heritage Business scheme will provide guidance on operation and transformation

Sub-tenants of Taste Orchard are still waiting to hear if they would be compensated by Hao Mart, which had leased the former OG Orchard Point building.

Hao Mart’s Taste Orchard woes: Evicted tenants worry over compensation as move-out deadline looms

They have been seeking compensation from Hao Mart for renovation costs and loss of business

SME suppliers do not need to submit bank statements or financial reports, as OCBC will assess their credit quality based on the transaction data from the invoices on Marriott’s procurement platform.

12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC

The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable

Guest of honour Senior Minister of State for Trade and Industry, and Culture, Community and Youth Low Yen Ling (fourth from right) and CDL group chief executive Sherman Kwek (fifth from right) attending the graduation ceremony of the pioneer batch of 42 SMEs from CDL's SME Supplier Decarbonisation Queen Bee Programme.

For SMEs, tracking carbon emissions is not about theory but growing the business

Property player CDL works with its SME suppliers to develop a decarbonisation road map

For Halijah Travels general manager Haffidz Abdul Hamid, Singapore’s role as a Haj transit point is an important piece of heritage that he hopes to keep alive – which is why he applied for the SG Heritage Business Scheme.

Haj-travel specialist Halijah Travels aims to stay relevant in a ‘dying’ industry

The family business is the only tour agency among 42 companies recognised as a SG Heritage Business

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