Hong Kong's economy is expected to grow slightly in 2024, a CPA Australia survey on Hong Kong's economic and business outlook indicates. The survey results also show anticipated weak demand has led many companies to be more conservative in their 2024 business forecasts and switch to more prudent strategies. Soaring...
Pitik, founded in 2019, is an Indonesian company that harnesses the power of data and technology to empower Indonesian chicken farmers, allowing them to achieve better quality poultry and thereby generating more income. Like many SMEs and startups, they faced an issue obtaining the necessary financing to support their...
In 2023, the Security software market (by vendor revenues) in Asia/Pacific excluding Japan & China (APeJC) grew 21.1% year-over-year (YoY), reaching US$6.3 billion in constant currency, according to International Data Corporation (IDC)’s Worldwide Semi-annual Software Tracker (2023H2). Strong growth is attributed to continued demand for technologies like Cloud Native Application Protection Platform...
A recent survey titled the APAC SMB Digital Maturity Index, released by technology major Cisco has revealed that Small and Medium Businesses (SMBs) in Singapore are the most digitally mature across the Asia Pacific region. Singaporean SMBs were ranked number one among 14 countries from across the region. The Index, developed...
Digital transformation investment in Industry 4.0 solutions by Southeast Asian manufacturers is expected to grow steadily to reach US$301.6 billion in 2028, marking a 32.9% CAGR, according to global technology intelligence firm ABI Research. With most Southeast Asian manufacturers still in the early stages of digital transformation, this growth in spending will significantly...
Forrester's  Global Tech Market Forecast, 2023 To 2027, reveals that as economic conditions continue to improve, technology spend will grow 5.3% in 2024 — up from 3.5% in 2023. Two factors will primarily contribute to this growth: Increased spending on software and IT services, including generative AI (genAI), cloud,...
FedEx Express, a subsidiary of global transportation company FedEx Corp, has enhanced its remote pickup (RPI) service, reducing the response time from 24 hours to as few as two hours. This promises increased control and reliability to the global supply chain of small to medium-sized enterprises (SMEs) importing from markets within Asia Pacific and...
Acropower has signed an agreement with Chew’s Agriculture Pte Ltd (CAPL) to build, own and operate a waste-to-energy power plant that will convert poultry waste into energy. Acropower is an 80%-owned subsidiary of ACROMEC, a specialist engineering service provider in the field of controlled environments serving mainly the healthcare, pharmaceutical,...
The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have commenced discussions to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana. These discussions on close cooperation will benefit the small and medium-sized enterprises (SMEs) and micro-SMEs (MSMEs)1 in both countries by...
COVID-19 has disrupted the way we work and live, and much of the impact was felt in the heart of our Asian economy – our small and medium businesses (SMEs). Nearly 18% of East Asia and Pacific SMEs had to close between January and May 2020, and close to...