Singapore launches new center to help local and international startups scale and enter new markets Singapore opened a new center to support both local and international startups in scaling within the country’s innovation ecosystem at JTC LaunchPad @ One-North. Stage One is a collaborative effort by Enterprise Singapore and the Economic Development Board, which […]
Singapore ranks as the top global destination for entrepreneurial wealth and relocation Singapore has been ranked as the world’s top destination for entrepreneurial wealth and relocation, outpacing the United Kingdom and Switzerland, according to HSBC’s Global Entrepreneurial Wealth Report 2025. The report revealed that 15% of global entrepreneurs chose Singapore as their primary destination
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A new business grant is now available for SMEs in Singapore affected by U.S. tariffs Local small and medium-sized enterprises (SMEs) affected by new U.S. tariffs can now apply for a government grant of up to S$100,000 to offset costs caused by supply chain disruptions. The Business Adaptation Grant (BizAdapt), launched on October 7
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Singapore introduced new changes to work permits Singapore has introduced new work permit rules in 2025 that tighten hiring conditions for foreign workers, raising salary floors and implementing stricter compliance requirements for employers. The Ministry of Manpower (MOM) said the changes aim to prioritize local hires while still allowing companies access to skilled global
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New economic strategy will position Singapore as “home to leading firms” Singapore has revealed a new economic strategy to attract top multinational companies while helping local firms expand internationally. In an update to the President’s Address 2025, Trade and Industry Minister Gan Kim Yong stated that the city-state will utilize its efficient infrastructure, skilled
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CIMB in Singapore launched a credit card for SME owners CIMB Singapore has launched the CIMB Founders Card, a personal credit card tailored for sole proprietors and small and medium-sized enterprise (SME) owners, a segment that makes up 99% of Singapore businesses and employing about 70% of the workforce. The card aims to tackle
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Bank of Singapore is offering an alternative to single-family offices Bank of Singapore is targeting Asia’s wealthiest clients with a new service that offers the advantages of a single-family office (SFO) without the associated costs. Announced on Aug. 18, the Family Office Catalyst is designed for ultra-high-net-worth individuals with at least US$250 million in
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Singapore continues to be a safe haven for investors amid US instability Demand for technical and engineering talent is rising in Singapore, according to Indeed’s May 2025 Hiring Lab report. Civil engineering roles led the growth, with job postings up nearly 19% since February 2025. Mechanical and industrial engineering followed with increases of 14%
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Singapore sets licensing requirements for crypto firms serving overseas clients Digital banks in Singapore are moving towards launching higher-margin products such as investment services and business loans. A recent report by consulting firm Simon-Kucher revealed that while digital banks have attracted significant interest since their launch, many customer accounts remain inactive. According to the
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Singapore sets licensing requirements for crypto firms serving overseas clients Singapore is introducing major listing reforms to attract more foreign companies to the Singapore Exchange (SGX), following a sharp drop in IPO activity and increased competition from regional markets. The Monetary Authority of Singapore (MAS) and SGX RegCo have proposed removing the S$30 million
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