SME
Gov't launches AI-powered BizSG initiative to streamline SME support
Gov't launches AI-powered BizSG initiative to streamline SME support
It will also utilise agentic tech to tailor personalised recommendations.
SME borrowing costs ease to 8.18% in 2025 but Middle East risks loom over 2026
Loan approval rates rose to 74% but bank processing times stretched to 33 days amidst shifting credit conditions.
Singapore SMEs split into two-speed economy as geopolitical costs rise
One in four expects business conditions to worsen in the next six months.
SMEs face a 2026 ‘growth wall’ as OCBC index hits 50.8 peak
Double-digit cashflow growth masks a dangerous slump in healthcare and business services.
Businesses sentiment of small enterprises hit highest since 2019
Over 6 in 10 small businesses in Singapore expect growth, CPA Australia found.
DBS, IMDA future-proof SMEs with Spark GenAI
The bank plans to engage 50,000 businesses over the next two years.
COTD: SMEs lead tech investments in Singapore
SMEs allocate 3% more of their budgets to tech investments compared to large companies.
Rising FDI could benefit SMEs in 2024: experts
Stronger business growth seen for firms with presence abroad.
SMEs confident on growth prospects of businesses this year
Smaller firms are less upbeat following the great deal of challenges they faced in the past year.
7 in 10 local SMEs source capital from savings, family and friends: report
SMEs spend mostly on inventory and supplies.
Higher costs push SMEs to deprioritise social, environmental initatives
23% less SMEs conducted social and environmental initiatives in 2022 from 2020.
9 of 10 Singapore SMEs confident about tech adoption
This puts them ahead of other participants such as Australia and New Zealand.
Singapore strengthens SME-focused initiatives with South Korea
It launched a program that allows SG SMEs to establish their presence in Korea.
CSA launches programmes to address 154% increase in business cyberattacks
Businesses and organisations in Singapore will get a helping hand to strengthen their cybersecurity.
Gov’t rolls out digital plan to help construction, maintenance industries
More than 500 businesses and 30,000 employees can expect benefits from this programme.
SME software spending increases exponentially by 324% in 2020
SMEs also spent more on organisational growth tools and employee salaries last year.
SMEs post sharp recovery in the second quarter
The OCBC SME Index shoots by 8.3 points to 59.5 as small and medium-sized enterprises gain momentum.
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