Driving Fair Wages and Future-Ready Skills: NWC Sets the Direction

The National Wages Council (NWC) urges employers to reward employees fairly and sustainably, share productivity gains, and adopt the Flexible Wage System to stay agile amid economic shifts. It also calls for continued enterprise and workforce transformation to drive productivity-led wage growth, alongside stronger support for lower-wage workers through updated Occupational Progressive Wage requirements. Read the full NWC 2025/2026 guidelines for detailed recommendations.

New Singapore Enterprise Centre in Bengaluru Opens Doors for Singapore SMEs Expanding into India

The new Singapore Enterprise Centre (SEC @ Bengaluru) by SBF expands support for Singapore SMEs eyeing India, offering market-advisory services, business-matching and access to trade networks. The Centre will engage over 470 companies across 19 industries in the next two years. With India being the world’s fourth-largest economy and Singapore its largest ASEAN trade partner, the move reinforces the importance of India for Singapore enterprises looking to grow.

Smoother Transactions Using InvoiceNow

InvoiceNow enables secure, structured e-invoicing between finance systems through Singapore’s Peppol-based network. Businesses using InvoiceNow can expect to reduce manual errors, accelerate payment cycles, and streamline financial operations. Furthermore, GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow-Ready Solutions and this will be mandated in phases. We’re here to help you receive assistance from IMDA on adopting and utilising InvoiceNow. Please complete this form and indicate ‘Singapore Business Federation’ in the last question as the referral.

SME Sustainability Barometer Highlights Urgent Need for Collective Action

A new SME Sustainability Barometer 2025, led by Gprnt and PwC Singapore with support from SBF and the Sustainability Alliance, revealed that three in four SMEs have yet to start their sustainability journey due to financial constraints, lack of expertise, and limited time. The study of over 560 SMEs across 19 industries urged stronger collective action, recommending measures such as a “sustainability passport”, greater industry engagement, and dedicated sustainability champions within firms to accelerate progress.

SBF Membership as a Gateway to Business Growth

In an interview with the CapitaLand SkillsFuture Queen Bee programme, SBF Director of Membership Operations & Services Kenny Chan outlined how SBF supports business growth through four key pillars: connecting over 32,000 companies for collaboration, expanding international reach via the GlobalConnect@SBF initiative, enabling digital and sustainability transitions, and giving members a voice in policy. He emphasised that SBF membership is more than a listing — it offers access to strategic networks, actionable programmes, and growth opportunities.

Explore our member benefits here.

Your Expertise. Their Future. Our Collective Success.

Partnering with schools gives you early access to emerging talents and fresh perspectives, while students gain real-world skills beyond the classroom. Together, we can prepare students to be future-ready and help shape the workforce your industry needs. Ready to collaborate and build meaningful partnerships? Register your interest to explore the possibilities.

For any enquiries, reach out to the MOE Partnerships Engagement Office at [email protected]