SME News
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2022-02-14
Some SMEs struggling with sharp spikes in electricity prices, anxiety over expiring contracts
SINGAPORE - The global energy crunch has increased electricity bills for some local small and medium-sized enterprises (SMEs) by three to five times, with more expected to be hit this year as contracts under old rates expire. Despite counterm...
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2022-02-14
SMEs bearing brunt of drop in economic activity
The BNZ-Business New Zealand Performance of Services Index (PSI) fell 3.9 points in January to 45.9, compared with 49.7 in December. Any reading above 50 signals expansion, while anything below indicates contraction. The index has a long-run avera...
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2022-02-14
Gov’t allocates $100M to prop up SMEs
The Ministry of Economy and Finance on February 14 allocated $100 million to two state-owned banks to provide additional support to small- and medium-sized enterprises (SME), and the agriculture and agro-industry sectors. The Small and Medium Ente...
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2022-02-14
International expansion on the backburner for 60% of SMEs
Singapore small and medium enterprises (SMEs) continue to stagger beneath the blows of the COVID-19 pandemic with the majority of Singapore SMEs saying that international expansion is still on the backburner according to a survey by QBE Insurance (Si...
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2022-02-14
A new inflation reading shows the small business tipping point has been reached
The latest Consumer Price Index reading, the highest in four decades, isn’t the only sign that inflation is extending rather than giving up its hold over the U.S. economy in 2022. An increasing number of American small businesses say ...