»»A Procurement Portal from Singapore
A new e-marketplace, SBF Global Sourcing Hub, has launched by Singapore Business Federation.
It is a procurement portal, with a platform, where firms can hunt for both local and overseas projects.
The decision to create the hub followed a survey of some 15,000 firms commissioned by the SBF, showing a increasingly number of Singapore firms are now venturing abroad by choosing mostly destinations such as China, India, the Middle East and Eastern Europe.
Trade and Industry Minister Lim Hng Kiang says the SBF Global Sourcing Hub will help local businesses become more cost-competitive.
Some S$20 billion worth of deals are expected to be transacted through this e-marketplace over the next five years.
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