News

Increased compensation counters quiet quitting trend

Organisations understand “quiet quitting” to be mislabeled work and life balance.

Increased compensation counters quiet quitting trend

Organisations understand “quiet quitting” to be mislabeled work and life balance.

Salary hike to stay flat this 2024 for S’porean workers: Aon

40% of Southeast Asian companies are carefully optimistic about hiring.

Singapore private home prices up 2.7% in Q4

Overall home prices grew by 6.7% in full-year 2023.

Asia’s economic growth expected despite China slowdown, higher geopolitical risk

The region is expected to account for 60% of the global economy in 2024, EIU reported. 

APAC automotive exhaust market sees 1.3% decline in CAGR through 2028

Rising electric vehicle adoption and stricter emission controls drive negative growth in APAC’s automotive exhaust systems.

Market cap of top insurers climbs in Q4, first three months in ‘choppy’ waters

Demand for life and cyber coverage, China's reopening, and the adoption of insurtech could drive the industry forward. 

Over half of Australians wants to eat healthier in 2024

On the other hand, 26% struggle to make healthy choices.

Online grocery sales growth slows in Asia

A significant decline in basket sizes were seen in Malaysia and India.

Around 3 in 5 energy CEOs prioritise AI investment

They have concerns about ethical practices such as plagiarism and data protection.

January renewals show upbeat market, capital to rise

Last year was profitable for reinsurers with returns almost reaching 20%.

Korea bound for greener pastures in 2024, 2.6% growth projection

Non-life market to beat life sector in premium volume.

Around 4 in 5 SG e-commerce organisations adopt AI

About 38% are still experimenting with AI implementation.

Saudi Arabia’s Panda Retail uses AI for pricing decisions

This will be applied to about 200 hypermarkets and supermarkets.

ASEAN solar, wind capacity up 20% in 2023

Around 23 GW of renewable energy projects are expected to come online by 2025.

APAC nuclear operational capacity reaches 132 GW

China has the most consistent performance in terms of nuclear capacity.

Asian executives dissatisfied with internal audit functions

Talent gap is amongst the challenges that the internal audit team faces.

Excess of loss pricing in APAC reverts to pre-2023 levels amid market stabilisation

The renewal season reflects significant changes in market conditions compared to the previous year.