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The Business Times launches new bi-monthly magazine for SMEs

Singapore, 27 January 2010 – The Business Times (BT), Singapore’s leading financial daily, today launched a bi-monthly magazine “The SME Magazine” in partnership with SPRING Singapore and IE Singapore to help SMEs operate more effectively and explore new markets.

Officiating at the launch of “The SME Magazine” at the Meritus Mandarin was Guest of Honour Mr Lee Yi Shyan, Minister-of-State for Trade & Industry and Manpower and Minister-in-charge of Entrepreneurship. The launch was part of the “Going Global” series of talks, a collaboration between the Action Community for Entrepreneurship (ACE) and The Business Times which features a local CEO sharing on building the company’s competitiveness and capabilities on a global platform. The inaugural speaker for this year’s series was Ms Olivia Lum, Group CEO of Hyflux Limited.

Positioned as the essential resource tool to help SMEs compete in these challenging economic times, “The SME Magazine” provides news, stories and information which help SMEs grow, expand and globalise with higher value-added products and services.

SMEs make up 99% of all businesses incorporated here and form the backbone of the Singapore’s economy. It is responsible for about half of the country’s GDP and generates more than 60% of jobs found in Singapore.

Mr Alvin Tay, Editor of The Business Times said, “The SME Magazine leverages on The Business Times’ 34 years of editorial experience in reporting and analysing issues which concern and impact on our SMEs. It also enhances BT’s wide array of products catering mainly to the SME audience. These products include our weekly SME Inc section in BT; two annual awards, Enterprise 50 and Emerging Enterprise, that recognise and honour the top and best-managed SMEs; and regular talks and networking sessions for SME owners and executives.’’

Said Ms Chen Huifen, Editor of The SME Magazine, “Small and medium enterprises are the future of Singapore. And it's not just about the employment they provide or the value-add they contribute to the economy. They hold plenty of aspirations of entrepreneurs and their teams. We hope to be able to capture their tenacity and enterprising spirit, as well as help them connect and learn from one another, through this new magazine.”

Mr Png Cheong Boon, Chief Executive of SPRING Singapore said, “We are excited to be partnering The Business Times in the production of the SME Magazine. This will be a useful resource that keeps SMEs abreast of relevant issues and topics ranging from leveraging business opportunities to building sustainable resources."

Mr Chong Lit Cheong, Chief Executive Officer of IE Singapore said, “Internationalisation is a prominent feature of many successful SME businesses today. The number of SMEs who have overseas operations, and the proportion of their revenue deriving from abroad have both been growing. Nevertheless, doing business in a foreign land involves much uncertainty because every market is different from the other. As such, we hope that the publication will be a useful platform for knowledge and experience sharing for SMEs to learn from one another, and to help them be aware of the many resources available to help them venture beyond our shores.”

Please see Appendix 1 for a listing of the editorial features of The SME Magazine.

Issued by Singapore Press Holdings Ltd
Co. Regn. No. 198402868E

For more information, please contact:

Mr Yeo Siew Chi
Assistant Manager
Corporate Communications Division
Tel: 6319 1586
HP: 9749 5105

Ms Chen Hui Fen
The SME Magazine
Tel: 6319 5472

About The Business Times

The Business Times (BT), a member of the Singapore Press Holdings group, is South-east Asia's leading business daily. It is Singapore’s only financial daily and provides a complete guide on the local, regional and international business scene.

BT brings to its readers each day a comprehensive and concise package of corporate, financial, economic and political news, analysis and commentary. BT also carries features and the latest lifestyle trends in food, entertainment, shopping, arts, health, travel and design.

In June 1995, BT became the first English-language newspaper in Asia to go on the World Wide Web. Since January 2000, BT Online started to be available from 4am Singapore time (GMT +0800) and to offer news updates throughout the day.

Redesigned in September 2004 to engage a new generation of readers, a refreshing blue masthead, bigger fonts and friendlier layout were introduced. The content has been expanded to reflect a complete read, packing in loads of new features, such as speciality pages, a daily take on the health of the Singapore economy and dedicated regional pages.

For more information, visit

About SPRING Singapore

SPRING Singapore is the enterprise development agency for growing innovative companies and fostering a competitive SME sector. We work with partners to help enterprises in financing, capabilities and management development, technology and innovation, and access to markets. As the national standards and accreditation body, SPRING also develops and promotes internationally-recognised standards and quality assurance to enhance competitiveness and facilitate trade.

For more information, please visit

About International Enterprise Singapore

International Enterprise (IE) Singapore is an agency under the Ministry of Trade and Industry spearheading the development of Singapore’s external economy.

Our mission is to promote the overseas growth of Singapore-based enterprises and international trade. With a global network in over 30 locations and our 3C framework of assistance – Connections, Competency, Capital, we offer services to help enterprises export, develop business capabilities, find overseas partners and enter new markets. At the same time, we work to position Singapore as a base for foreign businesses to expand into the region in partnership with Singapore-based companies.

Please visit for more information.