The Singapore Business Federation (SBF) welcomed the recent signing of the Regional Comprehensive Economic Partnership (RCEP) agreement and looks forward to helping Singapore businesses leverage this agreement to achieve commercial benefits.The 15-member RCEP agreement will create the world’s largest free trade area, accounting for US$21 trillion, or 30 per...
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 in supply...
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 fireside chat...
As the COVID-19 pandemic sweeps the globe, companies are decidedly more pessimistic about the global economy than their own prospects, according to a new study released by the Economist Intelligence Unit on 24 April 2020.
This study, the Global Business Barometer (GBB), supported by SAS, is based on a survey...
The Global Dialogue on Digital Platform Work opened on 29 September in Singapore, convening over 150 policymakers, statisticians, social partners, platform operators, and researchers from over 20 countries around the world.
Hosted by the Ministry of Manpower (MOM) Singapore’s Manpower Research and Statistics Department (MRSD) and the International Labour Organization...
Singaporean lithium-ion battery manufacturer, Durapower Holdings Pte Ltd has announced that its subsidiary Suzhou Durapower Technology Co Ltd has just broken ground for its new battery manufacturing factory in Suzhou, China.
The new factory will have an area size of 32,500 square meters, featuring three production lines and an R&D...
Startups and small and medium-sized enterprises (SMEs) are the lifeblood of Asia’s economies. They account for about 70 percent of jobs and over a third of GDP, and they are at the forefront of the region’s productivity gains. Across industries, SMEs and dynamic startups are using artificial intelligence (AI),...
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:
Asian economies are on course for...
Aon plc has released a global survey, 'Reprioritizing Risk and Resilience For a Post-COVID-19 Future' in 1Q 2021. The survey results revealed that reprioritising risk and exploring new risk management strategies are now the top priorities for businesses.
The report identified differences in how businesses have responded to the COVID-19 crisis, by...
In the Allianz Risk Barometer 2020,their 9th annual survey on top business risks, Allianz Global Corporate & Specialty (AGCS), a global corporate insurance carrier and a key business unit of Allianz Group, attracted a record participation of 2718 experts from over 100 countries, including CEOs, risk managers, brokers and...
