SMEs

SMEs get fast track to enterprise-ready AI under new Microsoft-led programme

Backed by IMDA and UOB, the scheme supports digitally mature firms in rolling out artificial intelligence solutions

Moh Yan Ting, managing director of Freshening Industries, says: "We are working while we sleep, letting the machines run overnight... This results in greater supply and efficiency."

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%

The five Economic Strategy Review committees have set out seven recommendations in a midterm update.

Singapore’s private-sector leaders back ESR strategy, highlighting global expansion and AI

Industry participants say the review clarifies the Republic’s growth direction

Go-Genie’s founder and CEO Ang Ming Cong says the partnership offers “plug-and-play access to international markets, without the need for heavy capital investment or complex overseas set-ups”.

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

Business owners need to face the reality that succession may not be a smooth family affair, says the writer.

The US$5.8 trillion question: Who will inherit Asia’s family businesses?

With a great wealth transfer under way, succession planning can no longer be left unresolved

Chew and Ting's global mindset for their business has propelled it into the region.
NEW BEGINNINGS

Daniel Chew and Rebecca Ting: Going beyond the vines

Instead of diplomas or degrees, the power couple’s pursuit of affordable, good design has taken them further than they’d imagined – with a dream project still in their sights

Joan Chang transformed Lloyd's Inn from a rundown budget hotel into a chic boutique hotel chain.
NEW BEGINNINGS

Joan Chang: Shaping tradition, from hotels to cheongsams

How one entrepreneur imagines heritage for a new generation of Singaporeans

Kwong Cheong Thye's fifth-generation leaders Alvin Choo (right), head of business development, and Allan Choo, head of operations.

New factory helps 133-year-old sauce maker Kwong Cheong Thye ramp up exports, sell more at home

The family-owned brand, now led by its fifth generation, is seeing rapidly growing overseas demand for its soya sauce

Apac is perceived as the next frontier for search fund growth, with observers citing its favourable demographics: baby-boomer business owners approaching retirement without successors.
BRUNCH

‘Search funds’ to buy SMEs spring up in the Asia-Pacific, but will they succeed?

Australia and Japan lead in successful acquisitions, while search funds are emerging elsewhere

Shannon Lung, head of UOB FinLab, notes that the accelerator's mandate has evolved from a focus on fintech startups to now support SMEs across all industries.

Across digital gaps and borders, UOB’s FinLab helps businesses build bridges

For over a decade, the innovation accelerator has guided South-east Asia’s SMEs through transitions