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The DBS SME Pulse Check Survey, conducted ahead of the coming 2023/24 Hong Kong Budget announcement, found that 58% of Hong Kong’s SMEs would like to receive more funding and financial support from the government, amid growing concerns about the state of the global economy.According to the...
Asia can defy a global economic slowdown in 2023 through an acceleration in digital transformation, greater regional coordination, and balanced monetary policies, according to new research from the London-based think tank, Asia House.  The Asia House Annual Outlook 2023 examines how Asia's economies can prevail and deliver robust...
An inaugural survey of 800+ SMEs across six markets in Asia conducted by DBS and Bloomberg Media Studios in August found that SMEs recognise the value of transitioning to more sustainable business models. SMEs in India led their regional counterparts in Asia, with more than...
The Monetary Authority of Singapore (MAS), in partnership with the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP), have launched an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia and Africa. Known as the...
The pandemic has helped many Taiwanese small businesses unlock hidden growth opportunities, while wreaking havoc on others. Half of Taiwan's small businesses grew in 2021, while 63 per cent expect to expand this year. Both results are the highest among the advanced economies included...
With the reopening of borders between Indonesia and Singapore earlier this year, Singapore businesses are resuming travel to Indonesia to seek growth opportunities.In line with this, the Singapore Enterprise Centre (SEC) @ Jakarta, part of the GlobalConnect@SBF programme, recently held its first business networking event - a...
Small to medium-sized enterprises (SMEs) in Hong Kong have made significant progress in digitalising their businesses and will continue to invest in digital technologies, according to a recent survey conducted by QBE Hong Kong. The drive for digitalisation has continued among Hong Kong SMEs, QBE's annual...
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...