Insights

Singapore Budget 2019 update: Policies for SMEs

By myBusiness team

As Singapore marks the bicentennial year of its founding, Finance Minister Heng Swee Keat reflected on the hurdles that the colonial port has managed to overcome. In the same spirit, he urged Singaporeans to confront today's challenges with grit and determination. Here are some highlights from the budget speech that may affect SMEs.

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Why small business needs to digitise payslips and leave processes

Shifting from manual processes to electronic payslips and leave or claim applications is beneficial to both the company and its employees. Online applications offer secure e-data retention that is inexpensive, easy to use, and less prone to errors.

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Why Singapore SMEs struggle to internationalise

Despite internationalisation being a key engine of growth for Singapore companies, many SMEs are still reluctant to expand internationally.

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6 Southeast Asia e-commerce trends in 2018

With a population of over 600 million and an increasing number of new smartphone users, Southeast Asia's internet economy has reached a record high of $50 billion in 2017, the region is also on “a solid trajectory to exceed $200 billion by 2025. What are the 2018 trends to look out for?

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Digitising HR functions to cut costs, not corners

Small businesses can benefit from digitising basic HR functions by moving to the cloud and creating a centralised system for leaves and claims -- the most paper-intensive task for enterprises.

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