Asia Pacific Trade Credit Excellence

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Euler Hermes introduces China CEO

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Press Releases
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December 04 2019
Global trade to grow at its slowest pace in a decade; no hope for sizable improvement
Higher uncertainty and higher global tariffs are taking a toll on trade: In 2019, the volume of global trade of goods and services should grow at its slowest pace in a decade (+1.5%). As a result, exporters are likely to see USD420bn in losses this year, according to Euler Hermes’ latest Global Trade Report: “Trade Wars: May the Trade Force be with you in 2020 and beyond”.
November 18 2019
Hong Kong and Singapore rank second and fifth in SME business climate
Hong Kong and Singapore rank second and fifth respectively in most favorable business environment for SMEs across 13 evaluated economies. Canada tops the list with the U.S. and the Netherlands round out the top five. Top five economies share the common theme of flexible labor market, low level of red tape, favorable tax policies and sound financing conditions
November 07 2019
Semiconductor slump could send shockwaves across global electronics industry
The global semiconductor industry is set to post its deepest decline in annual sales (-15%) since the dot-com bubble burst in 2001, with industry revenue to drop by USD70 billion. Weakened demand, overcapacity and unfavorable pricing environment will send the sales contraction well into 2020 with another -3% decline. A second consecutive year of falling revenue and an uncertain business environment will put five kinds of electronics companies at risk in the U.S., China and South Korea.
October 14 2019
Cashflow remains a key challenge for Hong Kong SMEs, even with improved government support
September 12 2019
Euler Hermes 2019 Enabling Digitalization Index: the Chinese breakthrough