Asia Pacific

Efforts to woo Medtech talent successful but still insufficient: Randstad

SINGAPORE (July 23): The Singapore government has earmarked the medical technology sector as one of the key growth drivers for the economy.

To date, Singapore’s medtech has generated some 9,000 new jobs across more than 30 companies, and has contributed approximately $4.3 billion to the economy.

But while Singapore’s efforts to groom medtech talent and bring in experts from specialised fields have been successful, this is still insufficient, says Randstad in a report.

Trade tensions kick Asian business confidence to 10-year low

MUMBAI (June 19): Confidence among Asian companies in the June quarter fell to its lowest since the 2008-09 financial crisis, as a US-China trade war disrupts global supply chains and shows little sign of easing soon, a Thomson Reuters/INSEAD survey found.

The Thomson Reuters/INSEAD Asian Business Sentiment Index tracking companies' six-month outlook worsened in the three months ended June to 53, versus 63 in the previous two quarters.

Singapore lone bright spot in Asia commercial property slump

SINGAPORE (May 22): Commercial property deals in Asia had a poor start to the year, but there was one bright spot: Singapore.

Commercial property transactions in the city-state jumped 72% year-on-year to US$1.9 billion ($2.6 billion) in the quarter ended March 31, boosted by deals in the office, retail and industrial sectors, according to a report by New York-based Real Capital Analytics Inc. Office transactions accounted for the bulk of the activity as investors sought to lock in higher rents.

3 tech hurdles faced by Singapore's businesses despite being most digitally mature

SINGAPORE (April 16): Small and medium businesses (SMBs) in Singapore has emerged top among 14 Asia Pacific countries in Cisco’s APAC SMB Digital Maturity Index, but not without facing challenges in their digital transformation journeys.

Singapore among world's top digital economies but ranks worst at meeting psychological needs: Survey

SINGAPORE (April 4): Despite widespread utility of digital services across the globe, a range of basic, self-fulfillment and psychological needs are still failing to be met, suggests a recent survey by Dentsu Aegis Network in partnership with Oxford Economics.

Australia, Singapore to crack down on online media with new laws

SYDNEY/SINGAPORE (April 1): Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content.

Australia said it will legislate “tough” new laws to prevent social-media platforms from being “weaponized” by terrorists and extremists who may use them to live-stream violent crimes, such as this month’s terror attack in New Zealand. Singapore said it will introduce a law to halt the spread of “fake news.”

Why Northeast Asian economies needn't panic over the global electronics slowdown

SINGAPORE (Mar 5): Oxford Economics says the prospects of Northeast Asian economies, which are uniquely exposed to the ongoing global electronics slowdown, are not as bleak as they seem.

This is due to trade diversion’s partial mitigation of the impact of US-China trade tensions as well as limited direct competition between China and other Northeast Asian economies in the high-value field of semiconductor production, according to the global forecasting and quantitative analysis firm.

Hiring frenzy in Singapore to continue in 2019 with a focus on tech & soft skills: Morgan McKinley

SINGAPORE (Jan 30): With stricter rules in place for hiring foreign talent, employers in the sales, banking, IT, marketing, project & change management industries will maintain their upward local hiring trajectory in 2019.

This is according to the Morgan McKinley 2019 Salary Guide for Singapore, which indicates a slight increase in hiring confidence in Singapore, the wider Asia Pacific region as well as across the globe.

Asean IPO activity may rebound in 2019, depending on these factors

SINGAPORE (Dec 17): After a lacklustre 2018, Asean markets stand a chance of seeing higher levels of initial public offering (IPO) activity next year – but only if there is a turnaround in economic fundamentals which lead to greater geopolitical certainty, better trade relations, and an increase in liquidity.

Should fundamentals remain as they are, it may be until only 2H19 that Asia-Pacific IPO markets see a sustained improvement in activity.

Singapore M&A deals to cool as global trade concerns continue into 2019: Baker McKenzie

SINGAPORE (Dec 17): Following a strong year of merger and acquisition (M&A) activity – largely thanks to Nesta Investment Holdings’ US$11.6 billion buyout of Global Logistic Properties (GLP) – Singapore is forecast to see a modest cooling in total M&A, from US$36 billion this year to about US$26 billion in 2019.

This is according to Baker McKenzie’s new Global Transactions Forecast 2019 report, which is based on forecast macroeconomic indicators from Oxford Economics along with insights from Baker McKenzie partners in 42 markets worldwide.

Be informed of the stories that matter