SPRING Singapore

Delayed payments from customers remains key challenge for SMEs: SPRING survey
SINGAPORE (Dec 18): Managing delays in customer payments remains as a key finance-related challenge for Singapore's small-medium enterprises (SMEs) even with easy access to debt financing, according to recent findings from the 2017 SME Financing Survey by SPRING Singapore.  Now in its second edition, the 2017 SME Financing Survey involved over 1,800 SME respondents across ...
Why size matters in Singapore's business environment
SINGAPORE (Dec 14): Company size matters when it comes to working capital performance, which, when managed well, could help to improve business performance and revenue growth. This is according to the Singapore Working Capital Study 2017 jointly conducted by Pricewaterhouse Coopers (PwC) Singapore and SPRING Singapore, which looked at over 1,000 public and private companies across 15 ...
IE and SPRING help local furniture retail firm Castlery expand to Australia
SINGAPORE (Dec 6): Castlery, a local furniture retail company, has expanded its business to Sydney, Australia with support from International Enterprise (IE) Singapore and SPRING. This expansion marks the first Singaporean furniture brand with the presence of a flagship experience centre in Australia. The company worked closely with IE Singapore and SPRING to improve its operational ...
SPRING, IE Singapore to merge as government braces for future economy
SINGAPORE (Sept 5): Minister for Trade and Industry (Industry) S Iswaran on Tuesday announced the merging of SPRING Singapore and International Enterprise (IE) Singapore to transform the way economic agencies work with local enterprises. The new government agency, Enterprise Singapore, will integrate SPRING’s focus on building the capabilities of start-ups and small and ...
Pacific Radiance gets $85 mil lifeline from government-backed schemes
SINGAPORE (June 8): Pacific Radiance announced Thursday that it has been granted $85 million in loans under two government-backed financing schemes to help tide over the prolonged offshore and marine (O&M) industry downturn. The two programmes – the Internationalisation Finance Scheme (IFS) by International Enterprise (IE) Singapore and the Bridging Loan (BL) scheme by Spring Singapore ...
Singapore's big businesses overtake small firms as job creators
SINGAPORE (March 14): Singapore’s larger companies created more jobs last year than small and medium-sized businesses for the first time since 2013 as the economy struggled in the face of sluggish domestic demand and a slump in global trade. Bigger companies -- defined as those with annual revenue exceeding US$100 million ($141 million) or employing more than 200 staff -- added a net 4,300 ...
EY Entrepreneur of the Year 2017 now open for nominations
SINGAPORE (Feb 7): The 16th annual EY Entrepreneur Of The Year (EOY) awards was officially launched at a ceremony held at St Regis Singapore today. Themed ‘Leading Through Disruption’, the awards programme is open for nominations from members of the public from now till April 30 via its online portal. EY is the multinational professional services firm formerly known as Ernst & ...
Which bank will be hardest hit in the event of Ezra’s liquidation?
SINGAPORE (Feb 3): CIMB Research remains “underweight” on Singapore banks given that asset quality concerns still loom, especially since Ezra Holdings today announced the possibility of a US$170 million ($240 million) writedown. (See also: Ezra warns of possible US$170 mil writedown, clarifies media reports) Assuming that each company’s debt is equally split among its principal ...
Trendlines Medical Singapore to hold opening ceremony on Feb 22
SINGAPORE (Feb 1): Trendlines Medical Singapore, the medical incubator subsidiary of Israeli firm Trendlines Group, will hold its official opening ceremony on Feb 22 at its office located at Launchpad @One North. The group will also release its financial results for FY16 on the same day before the market opens, followed by a conference call held by its management for analysts and investors at ...
Trendlines Medical Singapore to get grant of up to $2.2 mil from SPRING Singapore
SINGAPORE (Jan 16): Trendlines Medical Singapore, the medical incubator subsidiary of Israeli firm Trendlines Group, will receive a grant of up to $2.2 million under SPRING Singapore’s Incubator Development Program. SPRING Singapore is the enterprise development agency of the Singapore Ministry of Trade and Industry. The program provides grant support to incubators to enhance their ...