Overview
SMEs account for 99% of enterprises in Singapore, supported by vibrant start-up ecosystem
Small and Medium Enterprises (SMEs) account for 99% (280,000) of Singapore’s businesses and employ 70% of the country’s 3 million workforce as of 2020. The economic value added by SMEs in 2020 was around SGD 184 billion, representing 43% of the total value add.
Singapore has been ranked as the most innovative city in Asia, by Bloomberg, and is ranked among the top countries with the best entrepreneurial ecosystems. The country’s regulatory system, which allows business registration within 1.5 days (the fastest in the world), supportive tax policies and technical capabilities have created a vibrant start-up ecosystem for entrepreneurs.
With around 55,000 startups (making up 20% of SMEs) in various fields, in addition to over 190 accelerators/incubators and over 200 investors, Singapore’s startup ecosystem was valued at USD 23 billion in 2020, by Startup Genome. Companies including IBM and Accenture, and banks such as UOB and HSBC, have set up digital and innovation hubs in Singapore. The country was also ranked as having the best intellectual property regime in Asia in 2019.
Singapore supports SMEs with technological capabilities through its nine Centres of Innovation (COIs). These centers provide laboratory facilities, consulting and training in product development, and testing of new technology products. The CIOs are specialized across the aquaculture, energy, electronics, supply chain management, environment and water, food, materials and precision engineering industries.
In addition, Singapore offers one-stop competency centers, known as Productivity Centres (PCs), that help SMEs improve productivity, by providing sector-specific expertise in identifying areas for improvement and assistance in implementing productivity solutions. Singapore has set up a network of 11 SME Centres across the country, in collaboration with five trade associations and chambers, in areas such as overseas expansion, financing, productivity and Human Resources.
Eight Government Incentives Targeting the SME sector:
- Innovation and Capability Voucher (ICV) worth SGD 5,000, to strengthen business operations, through consultancy.
- iSPRINT (Increase SME Productivity with Infocomm Adoption & Transformation) funding scheme with an SGD 500 million allocation, to boost productivity in SMEs.
- Productivity and Innovation Credit (PIC) allows up to 400% tax allowances and/or 60% cash payouts for investment in innovation and productivity improvements, in any of the six qualifying activities.
- Wage Credit Scheme (WCS) - a co-funding program supporting 40% of wage increases given to Singaporean employees earning a gross monthly wage of SGD 4,000 and below.
- WorkPro provides assistance/incentives to implement work-life measures and flexible work arrangements, redesign jobs, recruit mature workers and back-to-work locals.
- SME Enhanced Training Support funds and encourages SMEs to invest in Continuing Education and Training (CET), to maximize their manpower and enhance productivity.
- Market Readiness Assistance (MRA) Grant - co-funding 50% of costs related to market assessment, entry and business restructuring through internationalization.
- Micro Loan Programme (MLP) - an SGD 100,000 loan scheme open for SMEs at a minimum 6% interest rate for 4 years and below.
More than 50% of SMEs are exempt from tax, since SMEs can claim 75% tax exemption on the first SGD 100,000 of chargeable income and an additional 50% on the subsequent SGD 100,000. Singapore also offers a three-year tax exemption for new start-up companies. During the period from 2015 to 2019, around 70% of government grant disbursements to businesses were allocated to SMEs, even before Covid-19.
Key Trends
SME sector expected to become resilient, supported by the government
The government has taken extra care in protecting SMEs from the economic impact of the pandemic, via its Covid-19 support schemes. The COVID-19 Business Recovery Toolkit for Singapore's Micro Small and Medium Enterprises (MSMEs) and SMEs offers numerous financial and non-financial assistance to enterprises affected by the pandemic.
Around two-thirds of the Jobs Support Scheme, worth SGD 26.7 billion, were distributed to SMEs in 2020. Singapore’s monetary authority offered deferment of principal repayments, lower interest rates on SME working capital loans and temporary bridging loan programmes. Further, the government provided a rental relief framework for SMEs and increased its share of risk on loans taken by SMEs to 90% (from 80% previously), under several financing schemes.
In addition to direct financial assistance, SMEs received 99% of the loans under Enterprise Singapore’s financing scheme, worth SGD 22 billion, provided to over 25,000 companies since the beginning of 2020. In addition, around 90% of corporate benefits, such as tax rebates, were provided to SMEs in the same year. Furthermore, the government has pledged SGD 1 billion as additional support for SMEs to cope with the pandemic.
The number of SMEs in Singapore has been growing steadily, at a CAGR of 2% during the period 2014 - 2019, and increased by 3% YoY to 272,000 in 2019 and by a further 3% YoY in 2020. However, the economic value added by SMEs declined by 9% YoY to SGD 183 billion in 2020, from SGD 201 billion in 2019, as a result of the pandemic. The number of people employed by SMEs also took a dip in 2020 by 6% YoY to 2 million, from 3 million in 2019.
The Singapore Business Federation’s (SBF) SBF-Experian SME Index, which measures the business sentiment of SMEs across six key sectors, registered an increase from 48 points in 1Q 2021 to 50 in 2Q 2021, which is the highest reading since the beginning of the pandemic in 1Q 2020. Growth was mainly driven by SMEs in the Construction/Engineering (up from 48.5 to 51.8) and Business Services (up from 48.0 to 50.0) sectors, which have largely resumed business activities since 2021.
SMEs have indicated confidence in achieving profitability in 2021, as the profitability expectation score increased by 9%, driven by growth expectations from the Business Services and Construction/Engineering sectors. Capacity utilization also saw an uptick (from 6 to 7), corresponding to the improved business outlook and activity forecast.
Startups Expected to Drive Digitalization and Innovation
Singapore’s tech startups received almost twice the size of venture capital funding during the first three quarters of 2021 (SGD 11 billion) compared to the whole of 2020, which totalled SGD 6 billion. The country expects this trend to continue through 2022, as VC investors indicated deal activity to continue to be robust for companies in Singapore and across the region. In addition, the government has committed SGD 300 million towards supporting deep-tech startups.
Singapore’s government has announced an SGD 125 million support package to sustain the growth of financial institutions and fintech firms amidst the pandemic. In line with the Singapore Green Plan 2030, cleantech startups are supported by incubators and accelerator programs, such as Sustaintech Xcelerator. Singapore is also investing SGD 144 million in research for urban agriculture, cultured meat and microbial protein production, with more than 15 alternative protein startups established in the country.
Singapore’s SMEs Go Digital Programme has on-boarded over 78,000 SMEs as of November 2021, since its launch in 2017. In addition, the Start Digital initiative enables newly incorporated SMEs to commence digitalization through its Start Digital Pack. This includes accounting, HRM and payroll, digital marketing, digital transactions and cybersecurity packages offered by banks and telecommunication partners with cost waivers.
Key Statistics
- The outstanding loans for SMEs increased at a nine-year CAGR of 6%, from SGD 46 billion in 2010, to SGD 77 billion in June 2019; SME loans accounted for 15% of GDP in 2018
- As of June 2019, agriculture, forestry and fisheries accounted for the largest share of SME loans (37%), followed by construction (26%) and other services (17%)
- Around 40,000 SMEs joined the SMEs Go Digital Programme in 2020, of which 30,000 have adopted digitalized solutions, such as online collaboration and virtual meeting tools, as a result of Covid-19 work-from-home measures
- According to Microsoft, 83% of SMEs in Singapore had digital transformation strategies in place in 2021
- SMEs have been a key driver of research and development (R&D) in Singapore, with the number of SMEs investing in R&D increasing by 3% per annum during the period from 2002 to 2018. The average spending on R&D by SMEs, which stood at SGD 3 million in 2018, also rose by 4% per annum during this period
Top Singapore SMEs in Education Sector
WELLAHOLIC PTE. LTD.
Since its incorporation in Singapore, on July 27, 2016, Wellaholic Pte. Limited has been a provider of aesthetic treatments through its island-wide outlets. Teeth whitening, hair regrowth, technology facials, permanent hair removal, skin boosters, micro-needling, and other aesthetic services are among those offered by Wellaholic. The company also manufactures skincare products that are registered with the Health Science Authority of Singapore, which are formulated to work along with its Aesthetic Treatments. Wellaholic has received 29 awards, including the regional Asia Pacific Entrepreneurship Awards 2020, the SME100 for Best Startup, and the coveted Travelers’ Choice Award 2020 by TripAdvisor.
DIAMOND SKY OIL PTE. LTD.
Diamond Sky Oil Pte Ltd. is a Singapore-based company that was founded on May 21, 2015. It has teamed up with Caltex fuel to provide a vast range of car-related services and fuel card services. DS Oil has over 25 Caltex stations island-wide. One of the features of DS Oil includes the DS Fuel Card. The DS Fuel Card simplifies life by providing a fuel payment solution. Customers can look forward to additional benefits, rewards programs, and a control or monitoring of their fleet. The DS Fuel Card allows consumers to restrict cards to only purchase fuel products.
OAL BUILDERS PTE LTD
OAL Builders Pte. Limited is a construction company based in Singapore, which specialises in private residential home building. It began operations on June 6, 1978, with a focus on building maintenance, mechanical and electrical installations, and general contracting. OAL provides turnkey construction and home-building services, taking care of each project from start to finish. It strives to uphold the highest standards of quality and safety at every stage of the construction process. OAL has a dedicated team of builders, designers, architects, and contractors who remain committed to the creation of well-crafted homes.
X-TRA COMMUNICATION PTE. LTD.
X-TRA Communication Pte. Limited is a Singapore-based information and communications technology company which was incorporated on 15 August 2003. It specializes in communications, security, infrastructure, mobility, and analytics solutions for a wide range of commercial and government clients. Local Area Network (LAN), Wide Area Network (WAN), and Wireless Network Infrastructures are all covered by its networking solutions. X-TRA Communication provides business and user-specific UCC solutions, enterprise mobility solutions, and value solutions to address security threats. ExxonMobil Singapore became the company's first major client in 2010. Since 2012, X-TRA has teamed with Starhub and supported the entire wireless infrastructure at Changi Airport.
MIRXES PTE. LTD.
Established on March 14, 2014, Mirxes Pte. Ltd. is a Singapore-headquartered biotechnology firm that focuses on RNA-powered early disease detection tests. It makes accurate preventative healthcare solutions - for cardiovascular, metabolic, and infectious diseases, as well as cancer - available to everyone. China, Hong Kong, Japan, and the United States are among the countries where they have offices. Mirxes was named the EY Entrepreneur of The Year 2021 Singapore, and also secured two trophies at the 2021 SBR Management Excellence Awards. In the category of Biotechnology, the company received the Team of the Year and Executive of the Year awards.Please check this for next time: there should be a space before the start of a sentence, and this is missing in quite a few places.
THREE LEARNING PTE. LTD.
Three Learning Pte Ltd. was founded in Singapore in 2005 as an effective e-learning solutions provider. It offers a range of options, from a learning management system (LMS) to customized e-learning courseware, to meet job performance expectations on many fronts. Three Learning supports both Flash and HTML5 (mobile-friendly) platforms. Not only does Three Learning have basic tools like Captivate and Articulate Storyline, but it also has specialized software that can help users create impactful, up-to-date e-learning solutions. Singapore, the Philippines, Malaysia, Australia, Indonesia, and the United Arab Emirates are among the countries that can benefit from its remote project management process.
KNIGHTS SYNERGY (S) PTE. LTD.
Knights Synergy (S) Pte Ltd was founded in Singapore on November 14, 2002, as a subcontractor that offered clients expert advice inapplications of explosives. Knights Synergy provides a complete range of commercial explosives. It offers a wide range of services, from initial drill and blast design to the use of high explosives in a variety of situations. Knights Synergy provides geotechnical services to several clients, including construction companies and government agencies. Knights Synergy is the exclusive agent in Southeast Asia for NXCO Mining Technologies and Tenaga Kimia Sdn Bhd (TKSB) explosive products in Singapore, respectively.
WECOM ENGINEERING PTE. LTD.
Wecom Engineering Pte. Ltd., which was incorporated on August 20, 1990, is affiliated with Wecom Group - a Singapore-based market leader for fiberglass pipes design engineering, fabrication, supply, installation, testing, and commissioning, as well as a valve repair and pump servicing expert. Wecom Engineering serves the Oil & Gas, Industrial, Marine-Offshore, Petrochemical, and Power Industries, inclusive of Water Treatment and Desalination Plants. Wecom is the only certified and authorised Future Piping Industries training centre in Southeast Asia, with locations in Singapore, the Philippines, Japan, and Malaysia.
STARRY HOMESTEAD PTE. LTD.
Since its establishment in Singapore on June 7, 2014, Starry Homestead Pte. Limited has created several interior spaces for residential premises, business offices, and commercial retail shops. It's a CaseTrust-RCMA-approved interior design firm that specializes in custom interior design and restoration. Its interior design services include everything from design consultation to spatial and layout planning, renovation and construction, bespoke furniture design and building, and furniture, lighting, and accessory purchases from international online stores. Singapore Prestige Brand Award 2018, Top 20 Designers 2020, Best Design 2020, and Best Service 2020 are just a few of the awards that Starry Homestead has received.
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M.U.S.L.I.M. DELIGHTS WEDDING SERVICES PTE. LTD.
M.U.S.L.I.M. Delights Wedding Services Pte. Ltd. was established on December 17, 2013. It is a Singapore-based Muslim/Malay Catering and Wedding Services Provider. It has been recognised by Michelin as the caterer of choice for local and regional celebrities such as Radio Deejay KC, Malay pop star Taufik Batista, Orange CEO Syah Ibrahim, and even Dubai-based Zack Zainal, whose daughter's wedding was organized by this firm. Muslim Delights is a one-stop catering and wedding services provider, offering everything from grand wedding venues, to catering, set-up, and other services.
PRINCE EDUCATION PTE. LTD.
Prince Education Pte. Ltd. was founded in Singapore in 2007. It provides educational services from preschool to secondary school. Tuition, phonics and reading, abacus, student care, and other enrichment activities are among the services it provides. Prince Education is also PA-approved to conduct tuition classes in various RCs all over Singapore. Successful Entrepreneur 2012, Best Enrichment & Learning Schools for 2012/2013, SME 100 Awards 2019, Singapore Fastest-growing Companies winner 2021, Singapore Prestige Class Top Business Service and Quality Award 21/22 are among the accolades achieved by Prince Education in the past decade.
EXPERT TEAM PTE. LTD.
Founded in 2012, Expert Team Pte. Ltd. offers a wide range of Cyber Intelligence, Data Preservation and Retention, IT Security, Large-scale Telco Infrastructure & Computer Networking, Cyber Security, and Lawful Interception solutions. Expert Team provides several services, including Project Consultancy, Project Management, Data Center Design, Product Design and Customization, Software Development, Cyber Crime Investigation Training, Lawful Interception Standard Training, OSINT Social Media Intelligence Training, and Network Packet Analysis Training. Expert Team attended ISS Dubai 2018 at the Marriott Hotel in Dubai, UAE, where it demonstrated its anti-drone solutions, which piqued the interest of Middle Eastern government agencies.
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SINGAPORE FACILITISTS PRIVATE LIMITED
Singapore Facilitists Pte. Ltd (SINGFAC), founded in 2017, provides property management services for all types of commercial, industrial, and residential properties. The company manages projects such as complete turnkey fit-outs from concept to completion, relocation services, and restoration work. SINGFAC provides a variety of facilities management and consulting services, as well as key advice and innovative planning. It also offers full turnkey design and build solutions. Other services provided by SINGFAC include Fire Safety Management, Servicing and Maintenance, Technology and Solutions, and Cleaning Services. Among its accolades are SME100 Awards 2019 Fast Moving Companies category, and SME100 Best Start-Up Award for 2019.
TESTPRO PTE. LTD.
TestPro Pte. Ltd. was founded in Singapore in June 2007. It is a subsidiary of Hy-Cad Systems & Engineering Pte. Ltd. The wholesale distribution of electronic parts and electronic communications equipment is one of the company's main lines of business. It is a specialist in the distribution of Semiconductor Test Interfaces. With offices in Thailand, Malaysia, Germany, China, and the Philippines, it is the exclusive distributor of NHK Spring Co., Ltd (Japan), distributing Microcontactor and related products throughout Europe and Asia-Pacific. Clients can use TestPro's tools to reduce their test costs.
GREEN COSMOS MARKETING PTE LTD
Green Cosmos Marketing Pte. Ltd. is a Southeast Asian company that specializes in the supply and installation of HDPE liners and other geosynthetic materials. It was incorporated on September 9, 1997. Green Cosmos Marketing’s core business activities include the design, supply, and field installation of hydraulically and mechanically filled sand containers and geotextile tubes; improving the soil and consolidating the ground; design and construction of engineered geomembrane floating covers; and using special studded geomembranes to protect concrete. Green Cosmos Marketing also designs and builds environmental lining systems for civil engineering projects.
PENTA-VENTURA PTE. LTD.
Penta-Ventura is a specialist supplier of machine tool brands for the automotive, oil and gas, aerospace, electronics, and precision engineering industries. It is based in Singapore and was established in the year 1982. Some of the products and services of Penta-Ventura include CNC machines, coolants, CNC machine troubleshooting, commissioning, maintenance, and training. Moreover, the company offers a help desk, general service support, technical backup, and electrical and mechanical machine spare parts. Penta-Ventura has also established a presence in Malaysia and Thailand.
IMS MARKETING PTE LTD
Established in 1998, IMS Marketing Pte. Ltd. is an omni-channel brand enabler. It is engaged in brand distribution, warehousing, retail, marketing, and e-commerce services in Singapore and the region. IMS Marketing is the exclusive Singapore representative of popular brands such as JBL, Harman Kardon, and Danon. It has a wide range of audio products for cars and homes, including portable media players, computers, and gaming systems. In 2019, JBL received the world’s no. 1 bestselling awards in the category of Bluetooth speakers.
GREENHUB SUITED OFFICES PTE. LTD.
GreenHub Suited Offices Pte. Ltd. was founded in Singapore in 2012. It operates from Jakarta to Singapore where it has three locations to meet their clients’ every business need. Its services include flexible leases and work-ready office suites that can be customised to meet the needs of any business. GreenHub offers all-inclusive packages with no hidden costs. Clients can meet and interact with business partners in order to share ideas and develop potential networking opportunities. GreenHub allows clients to have their own business address while remaining productive and mobile, without the expense of a full-time physical office.
THE PROVIDORE SINGAPORE PTE. LTD.
The Providore Singapore Pte. Ltd., which was established in 2010, operates cafes, delis, bakeries, an online grocery, and wine shops. Its delis offer a wide selection of artisanal cheeses, olives, and other items which are available for either dine-in or takeaway. Its online shop offers a retail range of gourmet pantry items, snacks and sweets, beverages, wines, homewares, and gift items. It makes a variety of European-style breads, cakes, and pastries, which are baked fresh every day. These are served in The Providore cafés - which also offer Providore’s own range of food items - and are available for takeaway as well.
SHIANG'S INTERNATIONAL PTE. LTD.
Shiang's International Pte Ltd, which was established in 2007, is a Singapore-based authorized distributor of the Avita brand, which offers a range of aromatherapy products including herbal oils, essential oils, and supplements for wellness, as well as hair, skin, and body care products. Avita’s associates have extended the benefits of meridian Healthcare throughout Singapore and in other countries including Malaysia, Japan, Australia, Taiwan, Hong Kong, and the Philippines. Shiang’s International was recently honoured at the ASTRAL: Elite Awards 2022, which was presented by Avita.
SINGARDO INTERNATIONAL PTE. LTD.
On February 20, 2003, Singardo International Pte. Ltd. was founded in Singapore. It has achieved Grade L6 in the supply of pipe products. Singardo International was appointed as a representative for Tyco Water Works, which expanded the company's valve product line. It entered the gas utility market with a new range of transmission systems, securing distributorship rights for Egeplast (HDPE Pipes) and Friatec (HDPE Fittings). It also secured the sole distributorship for Baenninger - a supplier of PP-RCT piping systems. Singardo International is now actively doing business in Germany, Myanmar, Cambodia, Indonesia and Malaysia.
PROMISELAND INDEPENDENT PTE. LTD.
PromiseLand Independent Pte. Ltd is a Singapore-based insurance broker, financial planner, and adviser. It was established in 1986 and, by 1991, PromiseLand was known as Singapore's first independent life insurance broker. General insurance, financial planning, life insurance, bank loans, unit trusts, wills and trusts, and tax planning are among its business platforms. PromiseLand works with general insurance companies, fund managers, life insurance companies, banks, specialist lawyers, and tax consultants to provide services and products. In 2016, it received the Pro-Client Award 2016 among its recent accolades.
ULTRA DEEP SUBSEA PTE. LTD.
Ultra Deep Subsea Pte. Ltd was founded on May 15, 2014. It is a Singapore-based company which specialises in the offshore industry's operation, design, and construction of Ultra Deep Diving Heavy Construction Vessels. These vessels are among the largest and most technologically advanced DP3 vessels in the offshore industry, and they are used in the Gulf of Mexico, Africa, South America, and Asia Pacific. Its subsea services also include inspection, repair, and maintenance of existing offshore production and pipeline facilities. All subsea work is done with the aid of Remote Operated Vehicles, and shallow air and deep saturation diving techniques.
BUSINESS CONNECTIVITY PTE. LTD.
Business Connectivity Pte. Ltd. is an IT solutions and IT services provider, which was founded in Singapore in 2002. The solutions it offers include Business Continuity & Disaster Recovery Solutions to safeguard businesses against human error, IT disasters, and malicious activity. Business Connectivity is an official reselling partner of DigiCert inc., which provides anti-virus software, and delivers firewall and data protection. It is a one-stop solution for IT infrastructure. Business Connectivity's technical support team provides services to both homes and businesses at affordable prices. Email and web hosting, application development, website development, and digital marketing are among the other services available.
WAREHOUSE LOGISTICS NET ASIA PTE LTD
Warehouse Logistics Net Asia Pte. Ltd. (WLNA), which was founded in 1999, is a logistics solutions provider of supply chain management services, including distribution and logistics consulting, and dry and refrigerated warehousing. It operates in the quick-service restaurant and food and beverage industries. WLNA provides value-added services including Project Management, Bonded Goods Storage, Consulting, and High-Pressure Processing. It offers warehouse management services as well as security services. WLNA also handles the import and export clearance of goods to and from Singapore’s sea and airports, and it facilitates inspections by the Agri-Food and Veterinary Authority of Singapore for food and beverage products.
UNITED TEXMAC PTE LTD
Headquartered in Singapore since 1996, United Texmac Pte. Ltd. (UNITEX) specializes in the production of circular knitting machines. UNITEX has a global reach through its presence in Malaysia, China, India, Hong Kong, Bangladesh, and Vietnam. Its product line includes single and double-knit precision machines in small and large diameters for all major fabrics and patterns, thereby meeting the needs of the global textile market. All high-precision parts are produced in-house at the manufacturing facilities. UNITEX is dedicated to continuous research and development in order to maintain market and industry trust in the company.
ONE THIRD TECHNOLOGIES PTE. LTD.
After receiving an ACE Startup Grant from Spring Singapore, One Third Technologies Pte. Ltd. was founded in 2013. The grant was given to One Third Technologies based on a mobile app it created. Its services include designing user-friendly interfaces, creating solutions that are custom-made according to specific business needs, and developing customized mobile apps. One Third Technologies has worked with clients from various industries including Healthcare, Education, and Food and Beverages services. One Third Technologies has also developed Armfort's mobile and web applications for workforce security operations. It was honoured at the SME100 Awards 2019 in the Fast-Moving Companies category.
STELOP PTE. LTD.
STELOP Pte. Ltd. was incorporated in Singapore in 1994. STELOP combines advanced research in optronics, thermal imaging, lasers and pointing systems, ruggedization and stabilization, and real-time video analytics, to design customized SMART EO products and SMART EO applications. It is a one-stop solutions provider for EO applications, with domain, design, development, project management, production, and life cycle support services. STELOP has worked with clients from commercial industries, defence, and homeland security. STELOP’s in-house services and facilities bring forward user-friendly applications with a host of infrastructures and test environments.
NATUZZ OHME PTE. LTD.
Established in Singapore in 2016, Natuzz Ohme Pte. Ltd. specializes in the designer furniture industry. It is known for its handcrafted elements that are simple yet modern. Natuzz Ohme has ten production divisions based in Indonesia, and has extended its business to Vietnam, China, and Malaysia. Its designs were featured on the cover of Australia’s Home Beautiful magazine's special issue in 2016. Natuzz Ohme was also the winner of the Best Stand Award - Small Category at the Indonesia International Furniture Expo 2016.
INSPIZONE PTE. LTD.
Inspizone Pte. Ltd. was founded in Singapore in 2012. It is a one-of-a-kind professional training company that specializes in management and technical skills development. Inspizone focuses on learning labs, hands-on exercises, and training for office productivity. It also provides IT Courses, Project Management, Creative Suite, and Finance Courses. Manufacturing, transportation, oil and gas, banking, insurance, trading, hospitality, property, and services-related businesses and organizations all benefit from Inspizone’s training. It was honoured at the SME100 Awards 2019 under the Fast-Moving Companies category.SME 500 Singapore 2020-2021, and Marketing Excellence Awards 2020 are also among the recent accolades conferred on Inspizone.
GLOBALTIX PTE. LTD.
GlobalTix Pte. Ltd., which was founded in Singapore in 2013, is an electronic ticketing platform that focuses on activities, attractions, and the Food and Beverage industry. Apart from Singapore, GlobalTix also has a presence in Indonesia, Bangkok and Malaysia. GlobalTix is used by travel partners such as Universal Studios Singapore and Singapore Airlines. Its services are inclusive of easy access to receipts and ticket printing, self-help kiosks for easy redemption of purchases and tickets, easy access to existing turnstile systems, and point of sales for discount vouchers and payments. GlobalTix was recently honoured with Singapore’s Fast-Growing Companies 2020 Award.
OCEAN IFM PTE. LTD.
Ocean Integrated Facilities Management (Ocean IFM) was founded in 2009. It is BCA registered and provides bespoke solutions to building owners across Singapore and Cambodia. The facilities offered by Ocean IFM range from integrated facilities management – security, landscaping, and cleaning – to professional strata management consultation to ensure compliance, as well as technical, administrative, and accounting support to help maximize the value of assets. Some of the recent accolades bagged by Ocean IFM are Singapore's Successful Brand 2015-2016, SPBA 2019 - Established Brands, and Top SME100 Awards 2019.
M-DAQ PTE. LTD.
M-DAQ Pte. Ltd. is a Singapore-based FX solutions provider for cross-border commerce and multi-currency trading, which was established in January 2010. Since the launch of its Aladdin FX solution in 2016, M-DAQ has processed close to $30 billion in cross-border transactions across 45 markets, backed by global institutions such as Samsung, Ant Group, EDBi, and NTT Communications. Tmall, AliExpress, and JD.com are among its clients. M-DAQ - which has received numerous fintech and business awards over the years - signed a definitive agreement to buy Wallex, a B2B cross-border payments provider with licences in Hong Kong, Indonesia, and Singapore, in February 2022.
ONG BROTHERS TILING & CONSTRUCTION PTE LTD
Ong Brothers Tiling & Construction Pte. Ltd. was founded in 1977. It is a Singapore-based company that specializes in the supply of interior and exterior construction-related products, particularly marble, limestone, granite, ceramic tiles, homogeneous tiles, and other similar items. It also offers supply and installation packages. Architects, developers, designers, and main contractors, as well as homeowners are among its clients. A few of Ong Brothers' private projects include the building of St. Gabriel Primary School, Marigold Singapore, Moral home for the aged and sick, and Singapore Polytechnic.
CAL4CARE PTE. LTD.
Founded in 2008, Cal4Care Pte. Ltd. is a Singapore-based telco manufacturer and distributor of hardware products ranging from IP Phones, Intercoms, and PBXs, to Conferencing phones, Webcams, and more. It offers global solutions in Malaysia, Vietnam, Bangkok, Japan, India, and the USA. Cal4Care also offers software for business communication needs, such as custom add-ons for 3CX PBX, Mr. VoIP, and Mconnectapps - an all-in-one omnichannel solution for call centres. Cal4Care is available every step of the way, from onboarding new customers to deploying the UC solution, as well as after-sales and technical support. It received recognition at the SME100 Awards 2019 in the Fast-Moving Companies category.
ASEAN CABLESHIP PTE. LTD.
ASEAN Cableship Pte. Ltd. was established in Singapore on 27 July 1986 by ASEAN Telecommunications Companies and has since become renowned in the Submarine Cable industry. Years of experience in submarine cable repair and maintenance operations span from Taiwan to Australia, Djibouti to Guam, and also the Asia Pacific region. ASEAN Cableship is a well-known submarine cable installer and integrator, in addition to repairing and maintaining submarine cables. ASEAN Cableship is ISO 14001 and OHSAS 18001 certified, and has achieved the bizSafe Star Award, as well as Midas Touch Asia Enterprise 2014 Award.
TAI SUN (LIM KEE) FOOD INDUSTRIES PTE. LTD.
Tai Sun (Lim Kee) Food Industries Pte. Ltd., the official manufacturer of The Tai Sun brand, was established in Singapore in 1966. Tai Sun's products range includes an extensive selection of snack food options such as nuts, potato chips, dried fruit, and other snacks. Its facilities and processes are accredited and certified to international standards such as ISO 9001:2015 and HACCP, among others. Its market reach has significantly expanded across the globe, including China, India, Malaysia, Indonesia, and the United Kingdom. Nature's Wonders, Treatz, and UCA are among Tai Sun's in-house brands.
BARAKKATH TRADING PTE. LTD.
Certified by BCA, Barakkath Trading Pte. Ltd. is a Singapore-based Frame Maker and Glass Merchant since June 10, 2011. It owns an e-commerce platform named sgframes.com, and also has two physical locations in Singapore. Art transportation and installation are among the services provided by Barakkath Trading throughout the island, particularly for art galleries that benefit from its services while attending art fairs and exhibitions. Mandarin Hooks, Wired Hanger, Crow Bars, and Strings are just a few of the art accessories available. Barakkath Trading also cuts Acid Free and Ordinary Mat Boards to fit the size and type of the artwork.