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Fridays: Hottest updates on the local SME scene to wrap up your week.

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Opinion & Features
THINKING ALOUD

In defence of dreaming small: micro-SMEs in the modern city

Singapore needs to nurture local champions for the global stage – but can afford to have some that stay home, too

coffee, cappuccino, latte, espresso, americano, iced coffee, decaf, caffeinated coffee, barista, aftertaste, milk, coffee, coffee, coffee, coffee, coffee, espresso, espresso, espresso, barista
SGSME

Local fintech startup HomePay looks to bring greater security to Singapore’s renovation industry

Its mobile app reduces the risk of scams by protecting homeowners through an escrow-payment system

Wenny Lim, Founder, HomePay
Enterprise 50
ENTERPRISE 50

Applications open for Enterprise 50 Awards 2026 nominations

This year’s theme is ‘Future-Proofing Growth Through Innovation’

E50 winners, guest of honour, Josephine Teo, Minister for Digital Development and Information (front row, eighth from left); organisers and sponsor of the E50 gala event, gathering at the end of the evening’s programme. The 31st edition of the Enterprise 50 (E50) Awards at Resorts World Convention Centre on Nov 24, 2025. 
Singapore

Twelve Cupcakes staff to recover part of unpaid salaries from end-March: F&B union

The Food, Drinks and Allied Workers Union says it has been assisting affected members since October 2025

Twelve Cupcakes outlet at Chinatown Point taken on Oct 30, 2025. Home-grown confectionery chain Twelve Cupcakes has ceased operations after being placed under provisional liquidation on Oct 29, according to a notice on the homepage of its website. It did not elaborate on the reasons for its closure.
SGSME

Castlery to open first US store in New York, targets 8 to 12 stores in key global cities by 2029

To mitigate the impact of US tariffs, the furniture brand has diversified its supply chain, while expanding into the UK and Canada

Declan Ee, Co-Founder, Castlery