We are now in a watershed moment of history, where the ‘new normal’ may be a permanent feature of life from now on. Many businesses have been taken by complete surprise with the way things unfolded.
But SMEs are a resilient lot, who persevere through challenges great and small. Across Asia, many businesses have taken measures to defend their business and hunker down for what will be a rough year ahead. Institutional help from governments and banks like Affinbank have also enabled businesses to weather the storm.
PERSEVERING IN A NICHE One of the SMEs that’s currently riding out the crisis is PRC Bike & Toys. Based in northern Malaysia, PRC started its business in bikes and toys. At present, PRC has a huge variety of products that is offered to its customers of all ages. It includes baby tricycles, children bicycles, electrical bikes, e-cars, e-scooters & e-bikes. Besides, the bicycle range, PRC also has a line of children and baby toys.
Founded by Ch’ng Wee Ping in 2015, PRC has established good reputation and trust and is well known among local suppliers of the same industry. Currently, it has seven outlets at hypermarkets across Malaysia.
Nevertheless, the COVID-19 pandemic and lockdown has affected it. Wayne Tan Teik Zing, the CFO of PRC, said, “On 16 March 2020, we received the news announced by our Prime Minister that there will be a lockdown on whole country with effect from 18 March 2020. We were terrified. During the lockdown, we are not allowed to open our stores for business and we do not know when the pandemic would be over. The lockdown started and if this continued without any timeline, our business will be severely affected. The things that came to our mind were our employees’ salaries, rentals and our trade creditors debts. A day before the lockdown started, we called for an emergency meeting and discussed how to save the company.”
ãã®èšäºã¯ SME Magazine Singapore ã® August 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ SME Magazine Singapore ã® August 2020 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Cloud- Driven Recovery
With digital transformation being an important catalyst for Malaysiaâs inclusive economic recovery, cloud computing plays an important role that enables . the country to acquire the advantages that technology offers.
Live Werkz: Venturing Beyond Southeast Asia
Being forward-looking in its approach has enabled LiveWerkz Pte Ltd to survive the Covid-19 pandemic, says vice president Tricia Ng. Despite being a Singaporean company, the company does not focus its efforts in the Southeast Asia region. Instead, Greater China and the Middle East become the foundation for its businesses. Ng tells SME the companyâs strategies in facing a challenging future.
Singapore's Go Digital Well Received
More than 78,000 of Singaporeâs SMEs have participated in the countryâs Go Digital programme since its 2017 launch, with more about 40,000 becoming participants last year, including 30,000 that received Covid-19 incentives from the government.
Accountants And SMEs: Creating A Sustainable World
For SME finance professionals, âsustainabilityâ is about achieving longevity. However, there is a confusion over different definitions of sustainability. They recognise the growing importance of tackling sustainability issues but lack the understanding of how doing this can be integrated into day-to-day practices within the finance function.
Rebuilding Our Mental Well-Being In Sales
Sue Barrett is a writer, training provider and entrepreneur who founded Barrett in 1995 to positively transform the culture, capability and continuous learning of leaders, teams and businesses.
Omicron: A Test Of Resilence
Global manufacturers have been facing a supply chain crisis since the start of the year. Just as it appeared that the situation was beginning to stabilise, the Omicron Covid variant reared its ugly head.
Silver Lining In The Cloud
Although RAS Security Pte Ltdâs business was adversely affected by the pandemic, thereâs a silver lining in the cloud. The occurrence has necessitated the company to innovate its business model to remain viable and led to the discovery of new areas of security service provision. Managing director Tejdeep Singh shares his journey.
Accelerating Artificial Intelligence
Singapore is introducing two new public artificial intelligence (AI) programmes as part of the strategy to use technology for social and economic good, involving a total allocation of S$680 million to accelerate AI research. The latest initiatives require a funding of S$180 million.
Three Tips For Hiring Top Talents
BIG EGOS LOSE TALENTS First up, when it comes to hiring, you must put aside your ego.
The Economy Is Recovering, But What About People?
All signs are pointing towards a speedy recovery. Contrary to what this writer initially predicted, the economy seems to be genuinely recovering.
