Two years after the onset of the pandemic, the global economy continues to recover, but still faces significant challenges. After the lull in the 3rd quarter of 2021, Omicron has highlighted the unpredictability of the pandemic and exacerbated one of the main factors affecting the recovery: disruptions...
EU Commissioner Thierry Breton and Singapore Minister-in-charge of Trade Relations S Iswaran have agreed to accelerate steps towards a comprehensive and forward-looking Digital Partnership between the EU and Singapore. They reaffirmed their shared ambition to bring the robust and longstanding EU-Singapore relationship into the...
Most logistics industry executives see moderate-to-strong economic growth and little or no chance of recession in 2022, even without immediate relief from the snarled supply chains and sky-high ocean and air freight rates triggered by the COVID-19 pandemic.  Roughly two-thirds of the 756 industry...
Deloitte has released the Technology-empowered Digital Trade in Asia Pacific report, highlighting the latest trends on cross-border trade in the region as it moves towards a more digitalized, greener and more sustainable future, where small and micro businesses play a vital role. Based on a...
Singapore and the United Kingdom (UK) have substantially concluded negotiations on the UK-Singapore Digital Economy Agreement (UKSDEA), according to MTI. The UKSDEA will be Singapore’s third DEA, following the Digital Economy Partnership Agreement with Chile and New Zealand, and the Singapore-Australia DEA. The agreement...
A survey conducted by Maybank involving its SME customers has revealed that 67% of the respondents have successfully leveraged digital technology into their sales platform during the Movement Control Order (MCO) 3.0. The survey respondents made up 84% of Maybank’s borrowing SME customers and are from sectors...
The pandemic and pandemic-related restrictions have further accelerated online sales growth, with Asia Pacific leading the charge. In 2020, e-commerce comprised half of the retail sales in Asia Pacific, and is expected to grow by 10 percent to 61 percent in 2025. This growth can...
MODIFI today announced US$24m in Series B, which brings its valuation to more than US$120m. The funds will be used to grow MODIFI's digital trade finance platform for SMEs into a global trade management hub. MODIFI’s digital trade finance platform for SMEs spans the three...
Deutsche Post DHL Group (DPDHL Group), has published key findings from an inaugural study on youth employability in Asia Pacific. The three-week online study saw close to 950 responses from young people above 15 years of age across seven countries – Cambodia, India, Indonesia, Malaysia, Sri Lanka,...
Businesses across Australia are feeling the pinch following a full year of the COVID-19 pandemic, according to a report by credit insurance firm, Atradius. The Payment Practices Barometer survey of both large and small businesses looked at B2B customer payment behaviour over the past year. The...