SINGAPORE – Regulatory compliance issues and a lack of secure business communication processes are among the key challenges in corporate governance faced by companies operating in Asia-Pacific, according to the latest results of the Thomson Reuters and EY 2014 Governance Survey.
The Reuters’ report surveyed employees from the governance teams of a wide range of companies across the Asia-Pacific region, half of which are multinationals with more than five offices worldwide.
Regulatory compliance and disclosure was the most significant challenge facing governance teams from both regional head offices and subsidiary offices, reflecting the gravity of the potential consequences – including financial, legal or reputational damages – in the occasion of a regulatory breach. Continue reading
Consumers in Asia-Pacific are the most socially conscious shoppers in the world, according to a new Nielsen report.
The Nielsen Global Survey of Corporate Social Responsibility polled more than 30,000 consumers in 60 countries around the world in February and March this year in order to understand which consumers are the most supportive of socially responsible actions, which social issues are concerning these consumers the most and how sustainable practices influence consumers regarding purchasing decisions. Continue reading
DELHI – Even before PM Modi arrived in Brazil for the BRICS (Brazil, Russia, India, China, South Africa) Summit on Monday, the highly anticipated launch of the BRICS “New Development Bank” was making headlines across the developing world.
Intended to facilitate greater financial cooperation between emerging markets, the BRICS bank will seek to check the influence of the IMF, Asian Development Bank (ADB) and World Bank by offering lower cost loans with fewer conditions to developing countries as soon as 2016. Continue reading
After gaining 0.9 percent in April, China’s exports strengthened further in May, climbing 7 percent YoY to keep up with market growth projections of about 6.7 percent.
Imports, however, dropped 1.6 percent, according to data from the General Administration of Customs. Trade surplus, consequently, expanded to US$35.9 billion in May from US$18.5 billion in April. Continue reading
Asia stands to reap large economic rewards with investment into smart-climate practices, according to the World Bank and the ClimateWorks Foundation.
In a new report, “Climate-Smart Development: Adding Up the Benefits of Actions that Help Build Prosperity, End Poverty and Combat Climate Change,” analysts assessed the potential economic, environmental and health impacts of three government policies across six world regions. Continue reading
Singapore is the best shipping hub in the world, with Hong Kong and Shanghai also in the top 10, according to a new report on international shipping centers released last week.
The 2014 Xinhua-Baltic Exchange International Shipping Center Development Index Report, which is the first report of its kind, was a joint project by the Baltic Exchange and the China Finance Corporation.Asian ports took six places in the top 10, which comprised of Singapore, London, Hong Kong, Rotterdam, Hamburg, Dubai, Shanghai, Tokyo, New York and Busan.
The index assessed 46 shipping hubs around the world against three fixed criteria, namely maritime services such as insurance, engineering and brokerage (50 percent), overall environment (30 percent) and port facilities (20 percent). Continue reading
Asia is fast on its way to becoming the largest e-commerce market in the world. Internet penetration is growing by leaps and bounds, and the region’s youth population increasingly prefers to interact with companies and retailers over the internet rather than with more traditional forms of physical shopping and communication. Alongside these developments, Asia’s fast-growing middle class has fostered the evolution of a strong online consumer culture that cannot be ignored by companies seeking long-term success in the region.