How Singapore's corporate 'middle child' could add millions to the economy

SINGAPORE (Oct 19): Wedged in between small-medium enterprises (SMEs) and multinational corporations (MNCs), Singapore’s mid-market enterprises (MMEs) are not small enough to qualify for the bulk of existing government subsidies or programmes and not large enough to garner influence like their larger peers.

This is why MMEs are often called the ‘middle child’ across the corporate landscape and yet has the potential to unlock growth for the local economy, according to HSBC Singapore’s head of commercial banking, Alan Turner.

A recent report by HSBC estimates there are as many as 1,200 MMEs in Singapore, the highest number on a per-capita basis among the bank’s surveyed markets.

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