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Asia Pacific is one of the largest remittance-receiving regions in the world and making up one of the top five recipient countries for remittance inflows is the Philippines , with remittances contributing an estimated 9.3% of the market's GDP in 2021. This signals the importance of remittances as not...
Atradius has released its 2023 Regional Economic Outlook report, setting out growth forecasts for key economies in Asia, including the outlook for a newly reopened China, and offering a long-term view on the risks of geo-economic fragmentation resulting from ongoing supply chain reconfigurations and geopolitical tensions.Overall Asia macro-economic outlook:
Singapore businesses have a cautious economic outlook, as new data from Airwallex reveals that 7 in 10 small and medium-sized enterprises (SMEs) here are bracing for a potential recession within the next two years. The independent research considered the challenges SMEs in Singapore would face...
Managing climate risk continues to be a growing priority – and opportunity – for companies across Asia. On average, companies that viewed ESG as a high priority (83%) were prepared to allocate about 20% of their budget within the next three years towards environmental, social and governance...
Sleek has released its second annual Sleek Small Business Index examining the perspectives of Singapore small business owners on the current business environment and their expectations for 2023, against the backdrop of a challenging economic environment.  Through expert advice and success stories, the Sleek...
The Infocomm Media Development Authority (IMDA) partnered industry players and successfully executed a live shipment from Singapore to Thailand during Q1 2023. This fully paperless, live cross-border trade involved the use of an ETR, that is functionally equivalent to a paper Bill of Lading...
GBG has released its Asia Financial Institution Study, "Combatting Escalating Fraud in a Digital World". According to the TABInsights study commissioned by GBG, Asia's top financial institutions (FIs) continue to be challenged by the expanding threat landscape in the past few years as well as the tightening of...
LexisNexis® Risk Solutions has released the results of its True Impact of Failed Payments Report, a snapshot of cross-border payments performance on a global scale. The report assesses insights collected from 400 payment executives representing leading corporations and financial institutions across the APAC, EMEA,...
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) have launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will enable customers of participating financial institutions in Singapore and India to send and receive funds between bank accounts or...
The global economy shows signs of steadying, however, many indicators remain weaker than a year ago, according to the Global Economic Conditions Survey (GECS) for Q4 2022 from ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants). The Q4 report shows the...