Hong Kong retail sales jump in April after two months of decline
The retail sector has been under pressure from stringent restrictions imposed to curb coronavirus, however, the government expects the sector to pick up as measures are eased.
Business
Indonesians cut back on insurance but industry remains upbeat over growth potential
The decline in average insurance spending comes amid growth in insurance assets to account for 13 percent of the financial industry.
Apparel makers tapping into ethical consumption
The move came considering the 2013 collapse of a Bangladeshi garment factory that triggered a global movement in the apparel industry to review poor working conditions.
Philippine restaurants struggle to source supply, meet demand
Industry experts propose this may persist as pandemic lockdowns in China – a critical trans-shipment hub – disrupt logistics while the Ukraine invasion cuts access to food…
Digital natives rise, herald consumption boom
Born between mid-1990s and early 2010s, the tech-savvy Gen Z not only promote consumption trends but inject fresh impetus into technological innovation, industry insiders said.
Shenzhen gives $4.5 million in e-CNY to boost consumption
Giving out coupons, including e-CNY red envelopes, has become an effective measure for multiple regions in China to boost online and offline consumption.
Tourism firms say left out of $150 million loan scheme
The scheme, purportedly prioritising tourism-related businesses have been affected by the Covid-19 crisis, raised concern regarding firms’ financial statement requirements.
Remote work tests South Korea’s corporate hierarchy, culture
Once unthinkable, working from home in high demand by younger workforce that values performance over loyalty.
The Great Renegotiation: S’pore workers want more flexibility, training and pay – or they will quit
Surveys out this year show that a majority of workers intend to quit if their demands are not met. How are workers and bosses navigating this 'new normal'?
Indian start-ups creating wealth and value: PM
He highlighted that the average annual growth rate of Indian Unicorns is more than those of the US, UK, and many other countries.