Tag : COVID-19

September 7, 2022

Asia Business Council Annual Survey 2022

This year’s survey indicated an uncertain outlook for Asian businesses. Economies across the region are enjoying a return to business as usual and recovering from the effects of the COVID-19 pandemic. Yet the invasion of Ukraine has set off a chain of events that roiled global markets and left the world with no clear path

March 22, 2022

Three steps Hong Kong must take to revive its economy and restore its global reputation

After its mishandling of Omicron, Hong Kong needs a program of damage control to regain investor confidence and bring stability back to residents’ lives. That means building economic resilience, strengthening networks for trade and talent, and putting substance behind claims of being a world city.

January 15, 2021

Extraordinary Endeavors in Turbulent Times: Asian Innovation, Inclusion, and Impact during COVID-19

The year 2020 will be remembered for the turbulence caused when a pandemic swept through the world, fundamentally changing people’s way of life, presenting unprecedented challenges to governments worldwide, and forcing businesses to reflect and adapt in order to survive. With this in mind, the Asia Business Council and the Tanoto Center for Asian Family

January 19, 2021

As Covid-19 crisis shows, sovereign wealth funds have a role that goes beyond providing money

Singapore’s Temasek is one of several government funds to go beyond their traditional mandate and fight the pandemic, not just by investing in the search for a vaccine, but also by supporting the production of medical goods As Hong Kong prepares to launch its own Growth Portfolio, it needs to consider if there’s a larger

October 28, 2020

Leadership in a Time of Crisis: Asian Businesses Respond to COVID-19

By almost any measure, the response to COVID-19 in much of Asia, East Asia in particular, has been among the world’s most effective. Measured by the absolute number of COVID-19 cases and deaths, or cases and deaths per 100,000 people, Asia has been more successful than the United States and most countries in Europe in

October 26, 2020

E-Commerce and Fintech Players Fight For Share in Indonesia’s Hot Market

Amid the humanitarian crisis of Covid-19, Indonesia has discovered a silver lining. The digitization of traditional offline businesses is accelerating in the shadow of the pandemic. Now, e-commerce and fintech players are fighting to dominate the digital world.

January 15, 2021

Ayala Corp. (Philippines) – Recommitting to a Broad Stakeholder Ecosystem During the Pandemic

Ayala Corp is one of the oldest conglomerates in the Philippines with a history of supporting the wider community in difficult times. The company realized many years ago that it could be more effective during crisis situations by engaging a network of companies to coordinate relief efforts. In 2009, it helped establish the Philippine Disaster

January 15, 2021

DatVietVAC Group Holdings (Vietnam) – Leveraging Entertainment as a Force for Good in Face of COVID-19 Challenges

Vietnamese entertainment giant DatVietVAC Group Holdings is an example of how a company can leverage media and content as a force for good during the pandemic. It played no small part in helping the Vietnamese government promote the official BlueZone app, which helped contain the virus. By mobilizing its network of celebrities, DatVietVAC encouraged the

January 15, 2021

Esquel Group (Hong Kong) – Launching a Sustainable Mask Amidst a Public Health Crisis

Hong Kong-based textile company Esquel Group reaffirmed its commitment to sustainability by developing a reusable mask even as it was hit hard by the unfolding pandemic and escalating U.S.-China tensions. While initially made for donations, especially in the communities where it had operations, the product soon became a business as well, demonstrating that social responsibility

January 15, 2021

Fubon Group (Taiwan) – Forming a Mobile Phone-Based Information System to Prevent Community Outbreaks

One of the main reasons Taiwan had so few COVID-19 cases at the start of the pandemic was the development of a mobile phone-based information tracking system called the Intelligent Electronic Fences System (IEFS). Taiwan Mobile, the telecoms arm of the Fubon Group, played a key role in this endeavor, as it joined hands with