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Category Archive for: ‘Richmond Blog’

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Efforts Of Singapore Cooperation Programme (SCP) To Promote SMEs
The fast-developing economy of Singapore offers entrepreneurs with lucrative opportunities to start an enterprise in Singapore. Seeking to increase foreign investment in the city-state, the Singapore government seeks to attract more foreign investors to look for profitable business opportunities in the country. Believing in the importance of sharing technical expertise and experience with other countries in order to advance the development of the economy, the Singapore Co-operation Programme...
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Advantages Of Effective SCP Training Programmes
To improve the skills level of the government employees, Singapore Cooperation Programme (SCP) launched training programmes. The courses focus on imparting essential knowledge that help government officials frame robust policies to accelerate the development the SME sector of Singapore. The SCP has defined a certain set of training objectives in improving the capability to draft policies through the help of experienced professionals. The application procedure for the SCP Training...
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What Makes Singapore The Ideal Location For Business Startups?
Strategically located in the heart of Asia, Singapore outranks the world as an ideal destination for foreign investment, entrepreneurship and business ventures. With its state-of-the-art infrastructure, transparent policies, tax structure, and seamless network connectivity with the rest of the world, it stands out from the rest. More so, company set up Singapore is both easy and straightforward. The government did not only ease the process of setting up a business but also continuously...
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The Reaction Of SMEs Over The Policies In Budget 2013
The Budget 2013 has brought about significant changes in the small and medium enterprises  sector. The policies implemented over the year generated positive sentiment from entrepreneurs. With the apparent support of the government to helping SME become productive and competitive, many business owners showed encouragement for new  company registration Singapore. SME centers have become an integral resource for small-scale industries and became a respite for entrepreneurs who need expert advice...
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The Impact On Business In Singapore After The Announcement Of SME Policy
The recent policies announced by the government has affected the stock market in a positive way. While the grants and schemes for financial support as well innovation and research initiated by the government proved to be helpful in improving the small and medium enterprises, let us see how these policies are affecting the business in Singapore: 1. Financial support to increase salary: Among the common predicament of small-scale enterprises is managing and allocating human and financial...
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Support To SMEs By Electronic Tools
The digital era has re-engineered the way entrepreneurs across the world do business. Technology has played a significant role in largely improving business processes and boosting productivity across industries. Capitalizing on opportunities to improve productivity, the government of Singapore initiated efforts to move toward e-government and transform government service delivery systems. The Ministry of Trade and Industry launched exceptional programmes and schemes to improve communication and...
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SMEs are Important for Economic Development
Small and Medium Enterprises (SMEs) is an essential part of the economy. SMEs constitute a major source of employment, domestic and export earnings. However, SMEs are also fraught with different roadblocks and limitations brought about by its size and staff. Some of the most common predicaments SMEs face include lack of funding, difficulty in setting up and barriers to business growth. Removing these constraints and making government programmes accessible to SMEs at both micro and macro levels...
Growth of SME Sector: Future of Singapore
Small and Medium Enterprises (SMEs) are an integral part of developing the economic condition of a country. In Singapore, SMEs are considered a major contributor to the overall economic output of the island nation. Creating 70% of all employment opportunities and comprising 50% of Singapore's gross economic output, SMEs are an essential economic building block. In return, the government takes varied steps in enhancing the SME sector and encourage enterprising individuals to initiate company...
ID 10046950
WDA Programs To Provide Training And Support To The SMEs
One of the most important resources of a business is human resource. Skilled employees are needed in order for a business to remain productive, competitive and profitable. Acknowledging the importance of skilled employees in the success of the SME sector, the government launched several employee training programmes and schemes. The majority of these programmes are spearheaded by the WDA (Workforce Development Agency), Singapore's government agency focused on promoting sustainable growth through...
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Support For The Small And Medium Enterprises – Impact On Singapore Economy
The Budget 2013 has sparked discussions on the impacts it would make in the economy of Singapore. With small and medium enterprises making up the majority of businesses in the city-state, developing and strengthening the sector has been a focus of policies, programmes, and schemes. SMEs in Singapore experience issues from lack of funding, manpower concerns, productivity issues, and seeking opportunities for innovation, research, and growth. Limitations in terms of resources and yield...
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