As businesses continue to tackle high inflation amidst geopolitical uncertainty, ASEAN and Greater China companies are searching for ways to improve productivity and cut costs. Get more insights from the UOB Business Outlook Study 2024 (Regional). Download the full report now: https://go.uob.com/4aGYoTY #UOBAseanInsights #OneBankForASEAN
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How can corporates reap the benefits of expanding trade and investment between the leading nations of the ASEAN-MENAT corridor? According to our ASEAN-MENAT Corridor Outlook 2023 report, the two regions are poised for further growth, boosted by rapid transformation, trade agreements and abundant resources. Explore more insights here: https://grp.hsbc/6047PRZ1L
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How do businesses in Asia feel about the future? Anxiety about a potentially prolonged global economic downturn is the major concern of companies we polled across Asia. It casts a shadow of uncertainty for businesses across the region, particularly in Vietnam. Another worry is persistent inflation fueled by volatile energy and commodity prices as businesses consider their impacts on their operations and growth strategies. Companies are also worried about interest rate fluctuations, along with potential cashflow issues and liquidity shortfalls. A further worry - particularly among businesses polled in China - is heightened competitive pressure, particularly in international markets. Scroll through to see the top three concerns of business owners in Asia by market. Download the full reports for each market 👉 https://brnw.ch/21wERbA #asia #paymenttrends #asianmarkets #tradecreditinsurance
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Despite these concerns, companies are still optimistic going into the new year. There was a significant decline of sales on credit in Singapore as compared to the previous year. However, businesses are poised to make a comeback with effective credit management tools in place to mitigate risk. Great article that dwells deeper into the trends and insights on the behavior of payment practices within Asia.
How do businesses in Asia feel about the future? Anxiety about a potentially prolonged global economic downturn is the major concern of companies we polled across Asia. It casts a shadow of uncertainty for businesses across the region, particularly in Vietnam. Another worry is persistent inflation fueled by volatile energy and commodity prices as businesses consider their impacts on their operations and growth strategies. Companies are also worried about interest rate fluctuations, along with potential cashflow issues and liquidity shortfalls. A further worry - particularly among businesses polled in China - is heightened competitive pressure, particularly in international markets. Scroll through to see the top three concerns of business owners in Asia by market. Download the full reports for each market 👉 https://brnw.ch/21wERbA #asia #paymenttrends #asianmarkets
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APAC remains a preferred destination among rocky investment markets thanks to GDP growth and easing inflation. Read more in Savills January 2024 Asia Pacific Investment spotlight. http://sav.li/7je #realestateinvestment #realestatemarket #highinterestrates #investmentmarket #InvestmentSpotlight
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🌏 With a booming population and a 4.6% economic growth projection, #ASEAN is a key player on the global stage. HSBC's Global Connections survey reveals how UK businesses are capitalising on this continued growth. 📈 This report is a must-read for those considering expansion into Southeast #Asia 📖
Members HSBC have released their latest research on the attractiveness of Southeast Asia for UK businesses. Their Global Connections survey of international businesses explores how firms in nine major markets are approaching this dynamic and diverse region. This year’s survey covers more than 3,500 companies with a commercial interest in at least one ASEAN market, with an equal number of respondents based in: mainland China, India, the United Kingdom, France, Germany, the United States, Australia, Hong Kong, and Gulf Cooperation Council (GCC) countries. The results of the research reflect the depth of trading connections between UK businesses and ASEAN. Almost half of the businesses in our survey (49%) have developed supply chains in the region, and 45% have achieved organic growth to date. UK firms are most likely to have operations in Singapore (36%) and Thailand (32%). Access the report from our Knowledge Bank: https://lnkd.in/g2s2hb3c.
HSBC releases latest research on the attractiveness of Southeast Asia for UK businesses | British Chamber Of Commerce Singapore
britcham.org.sg
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Members HSBC have released their latest research on the attractiveness of Southeast Asia for UK businesses. Their Global Connections survey of international businesses explores how firms in nine major markets are approaching this dynamic and diverse region. This year’s survey covers more than 3,500 companies with a commercial interest in at least one ASEAN market, with an equal number of respondents based in: mainland China, India, the United Kingdom, France, Germany, the United States, Australia, Hong Kong, and Gulf Cooperation Council (GCC) countries. The results of the research reflect the depth of trading connections between UK businesses and ASEAN. Almost half of the businesses in our survey (49%) have developed supply chains in the region, and 45% have achieved organic growth to date. UK firms are most likely to have operations in Singapore (36%) and Thailand (32%). Access the report from our Knowledge Bank: https://lnkd.in/g2s2hb3c.
HSBC releases latest research on the attractiveness of Southeast Asia for UK businesses | British Chamber Of Commerce Singapore
britcham.org.sg
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APAC remains a preferred destination among rocky investment markets thanks to GDP growth and easing inflation. Read more in Savills January 2024 Asia Pacific Investment spotlight. http://savi.li/6040i4oqw #realestateinvestment #realestatemarket #highinterestrates #investmentmarket #InvestmentSpotlight
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🌍 Strategic Sourcing | End-to-End Supply Chain of NPIs | Pursuing a Master of Science (MS) in Supply Chain Management | Engineering | Advanced Manufacturing | Technology | Prototyping | Sustainability |
Businesses across Asia are facing a multitude of challenges as they navigate the dynamic and uncertain global economic landscape. A recent survey revealed that the top three concerns among businesses in the region are: a prolonged global economic downturn, persistent inflation fueled by volatile energy and commodity prices, and heightened competitive pressure, particularly in international markets. Addressing Global Economic Downturn. The International Monetary Fund (IMF) has downgraded its global economic growth forecast for 2023, indicating a slowdown driven by factors suchas the war in Ukraine, rising interest rates, and supply chain disruptions. Despite these headwinds, businesses in Asia are adopting strategies to mitigate the impact of the downturn. Some are diversifying their customer bases and expanding into new markets, while others are focusing on cost optimization and efficiency. Combating Persistent Inflation. The war in Ukraine and supply chain disruptions have contributed to rising energy and food prices, driving inflation to its highest levels in Asia since 2008. Businesses are implementing price increases to offset rising costs, while also exploring innovative ways to reduce input expenses. Additionally, they are prioritizing supply chain resilience to minimize the impact of price volatility. Facing Heightened Competitive Pressure. The rise of e-commerce and the globalization of the economy have intensified competition for businesses in Asia. To stand out, companies are investing in innovation and differentiation, focusing on providing unique value propositions that resonate with their customers. They are also expanding their digital presence to cater to the growing demand for online services. Country-Wise and Industry-Wise Trends. While the Asian economy is projected to grow at a faster pace compared to other regions, growth rates will vary across countries and industries. China and India are expected to lead the region's economic recovery, while Vietnam is also anticipated to see strong growth. However, businesses in each country will need to tailor their strategies to address specific challenges and opportunities. #GlobalEconomicDownturn #PersistentInflation #InterestRateFluctuations #EconomicRobustness #SustainableGrowth #EmbracingTheFuture #Manufacturing #SupplyChain #SupplyChainDisruption #IMF #GlobalEconomicChallenges #AdaptingToDisruptions #NavigatingUncertainties #PrioritizingResilience
How do businesses in Asia feel about the future? Anxiety about a potentially prolonged global economic downturn is the major concern of companies we polled across Asia. It casts a shadow of uncertainty for businesses across the region, particularly in Vietnam. Another worry is persistent inflation fueled by volatile energy and commodity prices as businesses consider their impacts on their operations and growth strategies. Companies are also worried about interest rate fluctuations, along with potential cashflow issues and liquidity shortfalls. A further worry - particularly among businesses polled in China - is heightened competitive pressure, particularly in international markets. Scroll through to see the top three concerns of business owners in Asia by market. Download the full reports for each market 👉 https://brnw.ch/21wERbA #asia #paymenttrends #asianmarkets
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Asia is shaping up to be the leading global financial hub in the world. A strong combination of favourable government regulations, enticing tax rates and a growing talent pool have prompted foreign companies to expand their businesses into Asia. Governments and regulatory bodies across the continent are proactively introducing amendments to foster a business-friendly environment and attract foreign investments. Their continuous efforts aim to enhance the ease of doing business and ensure a conducive atmosphere for economic growth in the region. The attached document provides a snapshot of the most up-to-date data on the ease of doing business in select Asian markets, ordered based on their relative ease within Asia and globally. For more detailed insights into the significant business reforms unfolding across select markets in Asia in 2023, read our insight: https://lnkd.in/gm_CQaRS This article is part of our Insights series on doing business in Asia, covering the latest market trends and regulatory changes so business leaders can make informed decisions. #easeofdoingbusiness #data #asia #acclime
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