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Follow us on New alliance helps manufacturers expand in SEA & diversify supply chain Global manufacturers can tap on a network of industrial parks in Singapore and the region under the Southeast Asia Manufacturing Alliance, which offers a “Singapore +1” strategy so firms can tap on the Republic's strengths to move into SEA. Find out more Apple, Grab, Novartis ride healthtech boom in SEA These companies are breaking healthcare barriers in the region with new digital solutions. Discover what these innovations are. Read more 4 SEA consumption trends for businesses to leverage Industry experts from Sea Group, Shopback, and Intudo Ventures pinpoint hyper-localised and interactive social experiences as important ways for businesses to win over SEA’s middle-class. Find out more PwC: 5 growth pillars essential for Asia’s future success The era of passive growth for Asia Pacific is over, noted PwC in its report Asia Pacific’s Time. The report outlines 5 key pillars businesses in the region should keep in mind to build a resilient future. Download report Singapore recently announced its S$107 billion Budget 2021 to help businesses and households rebound from the pandemic. Here are some initiatives for businesses – more details can be found here. • Extension of financial support: The Jobs Support Scheme, which subsidises wages for local employees, will be extended till September for sectors impacted by the pandemic, such as aerospace and tourism. • Growing a vibrant business community: As Singapore deepens its position as a global-Asia node, the Government will invest in platforms to help firms innovate on an international scale. One initiative is the Corporate Venture Launchpad, which will provide co-funding for corporates to build new ventures through pre-qualified venture studios. • Catalysing capital for businesses: Businesses here from SMEs to large local enterprises will be given access to a suite of capital to innovate, transform, and scale. The Emerging Technology Programme for example, will co-fund the adoption of frontier technologies like 5G and AI. UPCOMING EVENT [3 March] Singapore: Your Gateway into Asia’s Medtech Industry Asia Pacific is set to become the 2nd largest region for medtech industry by 2023. Join speakers from EDB, EY, and medtech firm Healwav to learn about industry trends in the region, and how companies can best optimise their supply chain. Register now Brought to you by Singapore Economic Development Board 250 North Bridge Road #28-00 Raffles City Tower Singapore 179101 You received this email because you signed up for regular updates on business insights, stories and analyses on how companies are growing in Asia. To contact us or unsubscribe, please use the links below. Contact us | Update preferences | Unsubscribe | Privacy policy | Terms of use