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Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Enhancing Competitiveness of APEC SMEs
Speaker :
Mr Png Cheong Boon Chief Executive of SPRING Singapore
Chair of APEC SME Working Group from 2009 to 2010
1
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore. 2
Part I : SME Landscape in Singapore
Importance of SMEs in APEC Economies
90% OF ALL
BUSINESSES IN THE
APEC REGION ARE SMES
SMES EMPLOY 60% OF THE WORKFORCE
CONTRIBUTING
30% OF EXPORTS
99.4% (Singapore) 70% (Singapore) 48%^ (Singapore)
Significance of Trade for Singapore
• Singapore’s trade is nearly 3 times its
GDP (S$346b) at S$985b in 2012
• Trade has grown at a CAGR of 9% p.a.
since 2002
• Singapore companies’ investment
overseas tripled in the last 10 years 0
50
100
150
200
250
300
350
400
450
Direct Investment Abroad S$ billion
Source: Department of Statistics Singapore and IE Singapore
Source: APEC website and SPRING, 2010/2011 estimates
^Source: IE Singapore Internationalisation Survey 2011 (Overseas revenue contributes 48% of SMEs total revenue)
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore. 3
Part I : SME Landscape in Singapore
S$100m
<S$1m
S$10m
Source : Computed by SPRING with data from EDB and DOS
Includes manufacturing and services sectors only, excludes construction, mining, agriculture & fishing, utilities, etc.
Medium enterprises include SMEs with more than S$100m sales but less than 200 workers
160,000 SMEs contributing 2.1m jobs
Annual Revenue
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Singapore SME Development Strategies
4
Part I : SME Landscape in Singapore
Strengthen Environment Conducive
for Enterprise Formation & Growth
Develop Competitive Clusters
Groom Growth-Oriented
Enterprises
Seed and Nurture Start-
Ups
Management
Know-How
Market
Money
SPRING &
Partners
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Assistances to SMEs
5
Part I : SME Landscape in Singapore
In addition, more than 30,000 SMEs were supported through tax incentives to enhance
productivity and innovation
Small SMEs
(annual revenues between
S$1 mil & S$10 mil)
Medium SMEs
(annual revenues
between S$10mil &
S$100mil)
Micro SMEs
(annual revenues
less than S$1 mil) 28%
42%
30% 72% of SMEs Supported
for Upgrading Projects
were Micro & Small SMEs
No. of SMEs Supported for
Upgrading Projects through grants 4,700
2011 2012
5,600
No. of SMEs Assisted though
Business Advisory and Outreach 112,400 117,300
Productivity Improvements
Human Capital Development
Technology Innovation
Business Capability
Enhancements
Types of Upgrading
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Through Loans
6
Part I : SME Landscape in Singapore
Government-backed loans accounted for 1.2% and 1.1% of Singapore’s total
commercial loans in 2011 and 2012 respectively
S$0.7b (3,572 loans)
S$1.0b (3,073 loans)
S$6.0b (14,252 loans)
S$2.7b (9,748 loans)
S$1,4b (5,181 loans) S$1.3b
(4,541 loans)
0
1
2
3
4
5
6
7
2007 2008 2009 2010 2011 2012
Government-Backed Loans
LEFS LIS MLP BLP
S$ billion
Bridging Loan Programme (BLP)
Recessionary measure (2009 – 2011) to provide working
capital loans in times of crisis
Loan Insurance Scheme (LIS)
For working capital and trade financing
Local Enterprise Finance Scheme (LEFS)
For purchase of equipment and assets
Microloan Programme (MLP)
Working capital loans for micro enterprises
Source: Monetary Authority of Singapore
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Through Partners
7
Part I : SME Landscape in Singapore
Enterprise Development Centres (EDCs)
• Services include:
1-to-1 Business Advisory
Workshops on productivity
Outreach and education sessions for SMEs on
Government Schemes
Trade Associations and Chambers (TACs) Local Enterprise & Association Development
Programme
• Supports industry-led initiatives that enhance
industry and enterprise competitiveness
• 43 projects by 28 TACs to date
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Through Infrastructure
8
Part I : SME Landscape in Singapore
Centres of Innovation (COIs) One-stop centres offering technology consultancy and advice
Enviro & Water Tech
COI
@ Ngee Ann
Polytechnic
Food Innovation &
Resource Centre
@ S’pore Polytechnic
Precision Engrg
COI
@ A*STAR
SIMTECH
Electronics COI
@ Nanyang Polytechnic
Marine & Offshore Tech
COI @ Ngee Ann
Polytechnic
Supply Chain
Management COI @
Republic Polytechnic
Centres of
Innovation
Productivity Centres One-stop centres offering productivity consultancy
and advice
Set up Food Automation Unit in the
Food Innovation & Resource Centre
(FIRC)
Supported the set up of the Singapore
Innovation & Productivity Institute
(SiPi) by the Singapore Manufacturing
Federation (SMF)
Food Automation
Unit at FIRC
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Background of APEC SMEWG
• Established in 1995
• Guided by the following to promote SME development and enhance
effectiveness of APEC work
9
Part II : APEC SME Working Group
Framework
for SME
Activities
1997
1998/2002
2009-2012
Integrated Plan of
Action for SME
Development (SPAN)
SMEWG Strategic
Plan 2009 – 2012
2013-2016
SMEWG Strategic
Plan 2013 – 2016
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
SMEWG Strategic Plan Priority Areas (2009 – 2012)
Six Priority Areas
10
Part II : APEC SME Working Group
Malaysia, Mexico
Chinese Taipei, Thailand
Singapore, China
Korea, Peru, USA
Indonesia, Japan
1. Business Environment
2. Build Management Capability and
Promoting Entrepreneurship
3. Market Access and Internationalisation
4. Foster Innovation
5. Access to Financing
6. Raise Awareness of Sustainable
Business Practices
Champion Economies
SMEWG Chair:
2009-2010 (Singapore), 2011-2012 (Chinese Taipei), 2013-2014 (Thailand)
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Projects Spearheaded by Singapore
• Led priority area on Market Access and Internationalisation
Study on APEC SME Internationalisation Best Practices – 2010 to 2011
Study on APEC Export Technical Assistance Model (Singapore) – 2010
APEC Business Fellowship (Singapore) – 2010
11
Part II : APEC SME Working Group
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Current Chair of SMEWG (2013 – 2014): Thailand
12
Part II : APEC SME Working Group
SMEWG Strategic Plan (2013 – 2016) Priority Areas
1. Build Management Capability, Entrepreneurship and Innovation
2. Business Environment, Market Access and Internationalisation
3. Access to Financing
• Drive SMEWG Strategic Plan 2013 – 2016
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Internationalisation & Market Access
13
Part II : APEC SME Working Group
Governments and the private sector can play a bigger role in facilitating
the internationalisation of APEC’s SMEs
• Businesses and supply chain more globalised
• Economies more inter-connected
• Aided by improved transportation and communication
infrastructure and FTAs
• Presents significant opportunities for SMEs
• But SMEs have limited reach and resources to do so
• SMEs would need more assistance
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Some Ideas
14
Part II : APEC SME Working Group
• SMEWG must continue to promote policy best practices amongst APEC economies
• Consider developing a common benchmarking tool to measure effectiveness of SME
policies and performance of SMEs in each economy. Such information would enable
policy-makers to fine-tune policies to address SMEs’ needs. – Possible partners: Universities, Leading Research Institutions such as Asia Competitiveness
Institute (ACI)
• SMEWG should encourage economies to organise networking and business
matching activities for SMEs from various economies to facilitate market access and
foster partnerships amongst SMEs.
• SMEWG could support initiatives to train SMEs and their executives on market
knowledge and doing business in specific markets – Similar to the International Business Fellowship programme (conducted by International
Enterprise Singapore) and the APEC Business Fellowship programme (conducted by
Singapore in 2010)
Information on this slide is confidential and strictly for use by SPRING Singapore officers only. It should not be used or referred to by third parties
without prior written consent from SPRING Singapore.
Question & Answer
15