Singapore SMEs
Budget 2026 may give firms more targeted, strategic support to navigate global uncertainty
Observers say AI adoption will be a major focus of this year’s Budget, alongside renewed emphasis on internationalisation and sustainability
Refreshed Food Manufacturing Industry Digital Plan to simplify digital adoption, support scaling efforts
The second iteration plan allows companies to adopt the right solutions to enhance their operations and thrive in a competitive market
Freshening Industries, maker of Zappy wet wipes, boosts productivity with round-the-clock automation
Its new Loyang facility is 3.5 times bigger than the previous plant and features a smart shuttle storage hub that lifts output by over 50%
Theatre company Pangdemonium to close in end-2026; current season’s shows unaffected
The decision to wind up company is a ‘purely personal’ one, say co-founders Tracie and Adrian Pang
Nanyang Optical plans to enter into voluntary liquidation after 65 years; will close 4 of 6 stores
The eyecare chain’s remaining two stores, which are under franchise arrangements, will continue operating and are unaffected
Insolvency programme for micro, small companies to be revamped with simpler criteria, streamlined processes
The new programme will become a permanent feature of the Insolvency, Restructuring and Dissolution Act 2018
Singapore firms could grow revenue by S$12.3 billion with EnterpriseSG support in 2025, down from 2024
10,000 skilled jobs are also expected to be created through transformative projects undertaken by 2,400 companies last year
Go-Genie partners South Korea’s LX Pantos to help SMEs scale logistics globally
This provides firms access to 380 networks across more than 36 countries and 300 offices
High Court grants OG possession of Taste Orchard under consent order
Master tenant Hao Mart and its subtenants have already vacated the mall’s premises, BT understands
Singapore SMEs stay expansionary in Q4 2025, though growth likely to ease in near term: OCBC
Higher operating costs, stronger market competition in the region and ongoing economic uncertainty were cited as headwinds in 2026
