ED 47: January-February 2013

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26 Co m m E n ta r y Over the Horizon Hot Countries SMEs should look out for when considering growth opportunities asia in 2013 – optimistic Despite challenges ahead With a 5.5 per cent growth in 2012, Asia’s growth is estimated to have been about 0.5 per cent below the growth figure of 2011, despite expanding about 2 percentage points faster than the global average. Nonetheless, Asia is still positioned for growth as economic momentum is set to gradually pick up in 2013, according to the International Monetary Fund (IMF). Other than Myanmar, known as the last frontier of Asia and also believed by many as a country of great opportunity and growth, two other countries which SMEs can look to tap into to help their businesses grow and sustain are iskandar, Malaysia, and the land of technology, Seoul, korea. iskandar, Malaysia – Businesses looking to relocate and expand To curb rising cost, for sustainability and growth Vast and expansive land area, ample manpower and a mere stone’s throw away from Singapore, the up and coming economic zone, Iskandar – located just north of Singapore and highly accessible by both Singapore causeways, sea ports, airports etc. will be the next IT thing in 2013 and beyond for local SMEs. With the current rising cost and manpower shortage situation in Singapore, Iskandar could be the preferred alternative for your Seoul, South korea – Businesses looking to improve productivity, innovation and technology of products To improve productivity through technology Amidst the government’s push for productivity and innovation, increasing Ja n | FE b 2013 En t r E p r E n E u r s’ Di g E s t business relocation or for those looking to expand to this growing region and new potential market. Understanding the concerns that SMEs do have for relocating or expanding to this area – such as political stability, security issues, and the ability to find the right manpower etc., the Association of Small and Medium Enterprises (ASME) is currently spearheading a project to help SMEs move to Iskandar. The notion of ASME taking the lead is to dispel some of the security concerns that SMEs have, and to help provide first hand trusted information about the region and areas that ASME is looking into. number of SMEs are looking into streamlining their operations, improving the productivity and technologies – which in the long run, aids growth and sustainability of their businesses. What better way to learn more about the latest, advanced and modern technology than our fellow Asian peer: South Korea. Its renowned K-pop and Speaking to a few potential developers and currently conducting a survey to find out the needs of SMEs in the Iskandar region, ASME will pick the most practical and highly sought after areas, according to the majority of its SMEs’ needs. Site visits, briefings and seminars have been conducted, and ASME will continue to plan this on an ongoing basis for interested SMEs. Still in its initial development, more information on this initiative will be announced and disseminated to members and SMEs once firmed. For those interested to find out more, please contact: corpcomms@asme.org.sg K-Wave are not the only internationally known Korean distinctive; South Korea is also one of the leading countries for its relentless modernistic city of innovative technology, specialising in electronics, telecommunications, auto-production, steel, shipbuilding and chemical production. Some of the world’s biggest players stem from South Korea, including Samsung, LG and Hyundai.
The nation’s emphasis on cutting edge technology encompass multiple levels of products – including cosmetics, mobile devices, cars, and consumer electronics. With a strong focus on incorporating technology to achieve productivity, a specially designed Advanced Management Programme will be organised for SMEs who are looking to incorporate technology as part of the corporate initiatives for growth, as well as to increase productivity. SMEs will get to learn from one of the best in the world in terms of its technology and acquire best practices in terms of the incorporation of technology. You will get to visit big international players such Samsung, SK Telecoms, LG, Kia Motors, Hyundae Steel and Pyeong Taek Port during the Learning Journey. the learning Journey is also eligible for claim under the productivity and innovation credit (pic) Scheme. For more information and registration, please contact: Ms lim lee Mei DiD: +65 6471 7283 Mobile: +65 9751 8489 email: leemei.lim@ntuclearninghub.com Why book your business travel with us? Talk to us to find the best deals for business travel in the air and on the ground. Our business travel specialists can help you cut excessive spend on business travel, without compromising your needs. And because time equals money, we can save you both, by taking all of your travel arrangements. FREE SATS lounge pass for your first booking * ! Whilst stocks last. To find out more, please call 6692 9779 or email to enquiries@flightcentre.com.sg * Terms & conditions apply.
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ED 47: January-February 2013

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