News

Third-party risk management challenges persist in APAC: KPMG

85% of businesses view third-party risk management as a strategic priority, but many still struggle to establish fit-for-purpose programmes.

Third-party risk management challenges persist in APAC: KPMG

85% of businesses view third-party risk management as a strategic priority, but many still struggle to establish fit-for-purpose programmes.

Singapore’s total merchandise trade down 7.8% in Q1

EnterpriseSingapore foresees that exports will decline 10% to 8%.

Telco company and global tech firm form JV to launch digital telco brands

e&international will also benefit from digital expertise and global operations.

Only 30% of Singaporeans trust financial institutions, amongst the lowest in the region

In Hong Kong, Australia, and Singapore, less than half of the customers express trust in their banks.

8 in 10 biz leaders stress urgent need to cultivate ‘AI Mindset’ amongst employees

Microsoft said employees will need new skills like prompt engineering in their daily work.

5 key APAC economies will drive global growth in 2023: Euromonitor

China, India, Indonesia, Vietnam, and the Philippines lead the way in outpacing global growth despite elevated inflation and economic uncertainty.

Three in four people in Hong Kong struggling with expensive healthcare: survey

A survey showed the majority of residents are concerned about the affordability of healthcare in Hong Kong.

adidas sees ‘better-than-expected’ growth in China despite 9% revenue decline

The company recorded ‘flattish sales’ and a small operating profit overall. 

Jollibee net income drops by 10% in Q1

Its net income attributable to equity holders stood at P2.1b (US$37.6m).

Azure Power names new CEO

He will assume the position on 10 July 2023.

Japan, France strengthen nuclear cooperation

They will push for discussions on policy measures and cooperation on technological development.

South Korea, US to reinforce clean energy partnership

The cooperation prioritises policies and planning, and technologies, amongst others.

Japanese pharma company buys US drugmaker for $5.9b

The US firm is developing a treatment for one the major causes of vision loss in aging adults.

Philippines’ ACEN net income climbs to US$36m in Q1

This is up by 5 times compared to the previous year. 

Diplomats, company execs gather at the 2nd ThePhilBizNews embassy night

UK trade envoy Richard Graham shared how he and the UK hopes to strengthen trade ties with the Philippines.