South-east Asia cannot expect to see a wide-scale divergence of supply chains coming its way unless there are improvements in production technology & capacity, and regional integration, according to HSBC.
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HSBC has announced a series of recommendations for how South-east Asia can better attract private investment towards projects that are both economically and environmentally sustainable. Presented to ASEAN Finance Ministers today ahead of their annual ministerial summit, the recommendations are in response to the region being disproportionately affected by climate change and the growing need for private investment to help bridge infrastructure funding gaps.
Singapore’s plan to work with the United States on infrastructure projects across South-east Asia will strengthen the economic corridor, but the success of this tie-up will depend upon continued innovation.
HSBC is tapping its strengths as a universal bank to support entrepreneurial families through their commercial and personal wealth needs.
Singapore got the expansionary Budget it needed with big-ticket items aimed at driving domestic spending in areas like social services, health and infrastructure.
Businesses in Singapore recognise the importance of sustainability as a driver of reputation, growth and profitability, yet have not fully converted sentiment into meaningful action, a HSBC report has found. Not having a stronger approach to Environmental, Social and Governance (ESG) is also simultaneously impacting corporates’ financing opportunities as well as presenting supply chain risks.