Suncaged Consulting Pte Ltd

13/11/2023

📢 Update: The Ministry of Sustainability and the Environment (MSE) has clarified the use of carbon credits within Singapore's carbon tax framework.

Locally generated credits, like those from the Electric Vehicle Accelerator programme, are confirmed not to fall under the ICC Framework, impacting their applicability for offsetting taxable emissions.

Source: https://www.businesstimes.com.sg/esg/singapore-generated-carbon-credits-cant-be-used-offset-tax-mse

CARBON credits generated from projects in Singapore cannot be used to offset emissions under the country’s carbon tax regime, the Ministry of Sustainability and the Environment (MSE) has clarified. Read more at The Business Times.

10/11/2023

"Zero is the new hero: How businesses can make a low-carbon play"

In the recent article, the strategic implications of decarbonisation for businesses are underscored, with a specific focus on SaladStop!'s commendable commitment to achieving a net-zero future by 2030, aligning with Singapore's broader ambition to attain net-zero emissions by 2050.

Three pivotal insights emerge from this article:

1️⃣ Strategic Advantage through Low Carbon Adoption:
Beyond fulfilling environmental stewardship, the reduction of carbon emissions yields tangible benefits in terms of heightened operational efficiency, increased productivity, and substantial cost savings.
Businesses that proactively embrace low-carbon practices position themselves advantageously to capitalize on emerging opportunities within the burgeoning green economy.
A compelling example is drawn from the success of Vac-Tech Engineering, achieving a 7.9% reduction in water usage through the implementation of smart sensor retrofits.

2️⃣ Decarbonisation as a Long-Term Strategic Endeavor:
Acknowledging that substantive impact necessitates a dedicated temporal commitment, businesses are advised to formulate comprehensive sustainability roadmaps. This method, exemplified by the approach of industry leader Koda, serves not only as a progress-tracking tool but also as a means to engage stakeholders comprehensively, encompassing internal entities, regulatory bodies, and broader industry participants.

3️⃣ Optimizing Progress through Strategic Resource Utilization:
The implementation of decarbonisation initiatives demands a judicious allocation of resources. Valuable support and guidance are available through initiatives such as the Decarbonisation for Singapore Enterprises Playbook and the Enterprise Sustainability Programme. Furthermore, businesses can explore educational courses and grants, including the Energy Efficiency Grant, designed to expedite the journey towards a low-carbon operational framework.

In conclusion, the imperative to embrace decarbonisation extends beyond environmental responsibility; it constitutes a strategic necessity for businesses seeking sustained competitiveness amidst evolving regulatory landscapes and an increasingly conscious consumer base. The resources outlined serve as a catalyst for enterprises aspiring to navigate this transformative trajectory effectively.

Link of the article:
https://www.enterprisesg.gov.sg/resources/blog/zero-is-the-new-hero-how-businesses-can-make-a-low-carbon-play

With so much focus on sustainability, it can be a challenge to weave through the maze. Our Sustainability Gameplan Series breaks it down simply so you can make the right moves.

16/05/2023

In today's fast-paced business environment, it's critical to strike a balance between strategic planning and agility. Strategic planning allows businesses to set long-term goals and develop action plans, while agility enables companies to adapt quickly to new challenges and opportunities. The key is to think deep to act fast.

If your team is agile, you may wonder if you still need a business strategy. The answer is yes. While agility is crucial for responding to unexpected changes in the market, it's important to have a long-term vision and a plan to achieve your goals. This means thinking deep about your company's strategic plan and incorporating agility to stay ahead of the competition.

Without a solid business strategy, your company risks losing sight of its long-term objectives and getting caught up in short-term wins. By taking the time to think deep and develop a flexible, yet comprehensive strategy that takes into account potential changes and allows for agile responses when necessary, you'll be well-equipped to navigate the ever-changing business landscape.

So whether you're a small start-up or a large corporation, having a business strategy is critical for success. By finding the right balance between strategy and agility, you'll be well-positioned to achieve long-term success and act fast when needed. So think deep to act fast and take your business to the next level.

10/03/2023

When it comes to delivering impactful presentations, it's not just about the data you present, but also about how you present it effectively.

Warren Buffett, a renowned investor, is a great example of how to put data into context to elevate your presentation. For instance, Buffett once used a stack of 100 dollar bills to demonstrate the value of money, by comparing it to the height of an average person.

Similarly, you can use examples, analogies, or stories to help your audience understand the significance of the data you're presenting. By putting data into context, you make it more relatable and engaging, helping your audience retain the information better.

So, the next time you're delivering a presentation, think about how you can use context to help your audience understand the data you are presenting. It could be the difference between a forgettable presentation and a memorable one.



Read more at:

Put data into context to elevate your presentations.

08/03/2023

Peter Drucker, often known as the father of modern management, believed that great ideas are birthed from the labour of asking great questions. Asking questions is crucial for effective management and innovation.

In his book, "Five Most Important Questions: Enduring Wisdom for Today's Leader", Drucker outlines the five strategic questions that every organization must ask to achieve success:

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Q1: What is our mission?
This helps organizations clarify and articulate their purpose, which in turn guides decision-making and strategy.

Q2: Who is our customer?
By identifying the target audience, organizations can better understand their customers' needs and preferences, resulting in products and services that meet their expectations and build loyalty.

Q3: What does our customer value?
This question helps organizations identify the key factors that influence their customers' purchasing decisions. By understanding what their customers value, organizations can tailor their products and services to meet those needs and differentiate themselves from competitors.

Q4: What results do we seek?
This question helps organizations set clear goals and objectives, allowing them to measure progress and ensure that everyone is working towards the same vision.

Q5: What is our plan?
By creating an actionable plan, organizations can ensure that everyone is aligned and working towards the same goals.

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By answering these five questions, organizations can clarify their purpose, understand their customers, and create a clear plan for success.

Asking great questions can help us identify problems, generate new ideas, and find solutions to complex challenges. Without asking questions, we may never uncover the insights and opportunities that lead to breakthroughs.

Drucker's philosophy of questioning is a valuable tool for leaders and individuals seeking to innovate and drive change. So, let's start asking great questions!

03/03/2023

Here are some updates from the recent :

👉 Enterprise Development Grant (EDG)
Starting 1 April 2023, SMEs taking on sustainability-related projects can receive up to 70% support.
Other projects can receive up to 50% support (previously 70%).
Read more at:
https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/overview

👉 Market Readiness Assistance (MRA) grant
The enhanced grant cap of up to S$100,000 will be extended to 31 March 2025.
From 1 April 2023, SMEs can receive up to 50% support (previously 70%) for overseas expansion.
Read more at:
https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/market-readiness-assistance-grant

👉 Productivity Solutions Grant (PSG)
From 1 April 2023, SMEs can receive up to 50% support (previously 70%).
Read more at:
https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/productivity-solutions-grant

👉 Energy Efficiency Grant (EEG)
Businesses in the Food Services, Food Manufacturing and Retail sectors can continue to receive support for adopting energy-efficient equipment through EEG, which will be extended to 31 March 2024.
Read more at:
https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/energy-efficiency-grant

If you would like to tap on the up to 70% funding (instead of 50%) for the first 3 grants, do apply before 31 March 2023.

The Energy Efficiency Grant (EEG) aims to help businesses within the Food Services, Food Manufacturing or Retail sectors to cope with rising energy costs, through co-funding investments in more energy-efficient equipment.

22/01/2023

14/12/2022

Great tips on becoming better in small talks

(1) Mindset
- Channel your inner puppy (be curious)
- Talk to them as if they are your dear friends
- Assume everyone is awesome

(2)Actions (CALM W)
C: Show compliment even before introducing yourself

A: Ask questions in the form of asking for advice
- e.g speaking of jewellery, I have been looking for good jewellery for my wife. What is your fav jewellery store where I can buy something good like yours?
- Besides this conference, I'm looking for such good conference like this. Where else would you recommend?

L: Listen actively
- Nod, acknowledge, eye contact

M: Momentum
- Echo what they are saying
- Tell more about xyz
- What do you love most about xyz?

W: Wild Fact for Today (to show you are interesting as well)
- Did you know that ____-

5 points on how to master small talk, whether you are a social butterfly or a wallflower.

07/12/2022

Thank you SFIC (Singapore Furniture Industries Council) for the invitation to speak at the SFIC 41st Annual General Meeting (AGM) — the first physical AGM since the pandemic.

Our Group CEO, Aydin Ilhan, spoke on the topic of "Market outlook and preparing for scaling up into uncharted territories in a volatile landscape"

09/11/2022

This would probably be the most exotic meeting room ever! Conducted the 2nd session of team coaching for our client in their retail showroom with bathtubs as their seats.

03/11/2022

Cash inflows to Singapore increased by 59% to a record $448 billion in 2021. This amount is almost 75% of Singapore nominal GDP.

08/09/2022

After 2.5 years finally we can gather with our clients and friends. Great service and yacht by MS Eternity that was able to accomodate more than 20 of us.KTV room, BBQ service and beautiful trip going around Lazarus and St John island made it a memorable evening. Thank you all friends and clients that made time to join us. Looking forward to the next gathering again