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Only 1 in 5 Asean business leaders have a plan in place to deal with impending downturn: Bain report

SINGAPORE (Sept 20): On the back of geopolitical uncertainties, a global downturn seems to be inevitable. But the majority of business leaders in Southeast Asia might find themselves caught on the back foot.

According to new research from management consulting firm Bain & Company, some 77% of CEOs and CFOs in the region expect a severe downturn in the region within the next two years.

Yet, only 37% expect a severe effect on their own company, while a mere 20% have significant actions or plans in place.

Singapore's youth are happier than Hong Kong's: survey

(July 31): Hong Kong’s youth were less happy than their peers in Singapore even before historic protests erupted against legislation allowing extraditions to China, a survey by the City University of Hong Kong showed.

Researchers polled 2,304 people under the age of 40 -- with roughly half of the respondents in Hong Kong, and the other half in Singapore -- to gauge the relative appeal of living in the two rival Asian financial hubs. The “Happiness Index” study was conducted from January to June, just before demonstrations began.

Singapore banks top customer satisfaction in Asian transaction banking

SINGAPORE (June 25): The primary transaction banking customers of United Overseas Bank (UOB) are most satisfied with the bank’s liquidity management solutions in Asia, according to East and Partners’ latest research.

On a satisfaction scale of 1 to 5, where 1 is most satisfied and 5 most dissatisfied, UOB got the highest score of 1.70, ahead of Standard Chartered (1.75), OCBC (1.78) and DBS (1.80).

Watch out! Your next travel booking might turn out to be a fraud

SINGPORE (June 12): Cybercriminals are capitalising on consumers’ risky holiday booking habits for their favourite destinations, according to McAfee.

In its latest research into the riskiest holiday destinations, McAfee found that holiday hot spots Taiwan, London, Bali, Hong Kong and Japan generate the riskiest search results when people are on the hunt for holidays online.

Rising medical costs in Singapore drive innovation in employer-sponsored health plans: Mercer Marsh Benefits

SINGAPORE (June 10): Singapore’s medical trend rate of 10% outpaced economic inflation 10-fold in 2018, and is expected to rise by 0.1% in 2019, according to Mercer Marsh Benefits (MMB) 2019 Trends Around the World report.

Insurers are also predicting further increases in 2020.

As the cost of health benefit programmes continues to rise in Singapore, employers have the opportunity to contain cost through smarter plan design and employee access to quality-focused healthcare.

Local CEOs still confident on organisation's growth prospects but lower expectations on revenue growth

SINGAPORE (June 6): Amid heightened geopolitical risks, such as the ongoing US-China trade war, 92% of CEOs in Singapore are still confident about the growth prospects of their companies, according to KPMG’s Agile or irrelevant – 2019 Global CEO Outlook: Singapore Edition.

However, confidence in the global economy has dropped to 64% from 77% in 2018, and only 28% of the CEOs expect a revenue growth of 2% and above.

Over half of most companies' data remains unclassified, creating security blind spot

SINGAPORE (June 4): Global businesses are still housing ‘dark data’, or unclassified data, within their organisations, despite a rise in security breaches and stringent data protection regulations, according to research from Veritas Technologies, a leader in enterprise data protection and software-defined storage.

The Value of Data study surveyed 1,500 IT decision makers and data managers across 15 countries.

Singapore overtakes US as world's most competitive economy this year

SINGAPORE (May 29): Singapore has reclaimed its position as the world’s most competitive economy for the first time since 2010, according to the International Institute for Management Development's (IMD) 2019 World Competitiveness Report released today.

Based on the annual rankings which score the 63 economies studied by IMD on over 230 indicators, Singapore rose from its No.3 global ranking in 2018 to overtake the United States’ top spot, while economic uncertainty took its toll on conditions in Europe such that the UK fell from 20th to 23rd place this year.  

After all the talk about digitisation Asia Pacific businesses are still lagging behind, finds survey

SINGAPORE (May 2): Despite acknowledging the significance of digital transformation as a stepping stone to achieve their business goals, Asia Pacific businesses are still suffering from a lack of digital competencies, according to new research by the Economist Intelligent Unit (EIU).

Business trips to Singapore now cost less than before, but barely so

SINGAPORE (April 17): A typical business trip to Singapore now costs an average of US$468 ($633) per day, down slightly from the daily average of US$479 in 2018.

Based on the latest Daily Rates research findings published by ECA International, this pushes Singapore down by a notch to fourth place this year in the Asia rankings for the region’s most expensive locations for business travel.

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