Market developments (#4 with 19%) also climbs up the global rankings of the Allianz Risk Barometer 2021, reflecting the risk of rising insolvency rates following the pandemic. According to Euler Hermes, the bulk of insolvencies will come in 2021. The trade credit insurer's global insolvency index is expected to hit a record high for bankruptcies, up 35% by the end of 2021, with top increases expected in the US, Brazil, China and core European countries. Further, Covid-19 will likely spark a period of innovation and market disruption, accelerating the adoption of technology, hastening the demise of incumbents and traditional sectors and giving rise to new competitors. Other risers include Macroeconomic developments (#8 with 13%) and Political risks and violence (#10 with 11%) which are, in large part, a consequence of the coronavirus outbreak, too. Fallers in this year's global rankings include Changes in legislation and regulation (#5 with 19%), Natural catastrophes (#6 with 17%), … [Read more...] about Allianz Risk Barometer 2021: Covid-19 trio tops global and Asia Pacific business risks
Asia pacific best of the breeds reits awards 2017
2020 Vietnam Musicians Association Awards honors veteran composer’s show
The music show was held in July, aiming at celebrating the late musician's 50-year career and encouraging him keep fighting against the illness. Musician Pho Duc Phuong passed away at 76 in Hanoi on September 19 after battling a long illness. The veteran composer is one of the big names in the contemporary folk music in the country. … [Read more...] about 2020 Vietnam Musicians Association Awards honors veteran composer’s show
More business leaders embrace digital technologies
‘Supply Chain Digitisation: A Shift from Driving Efficiency to Building Resilience’, done by TM Insight, an Asia Pacific consulting company, found that digitisation of supply chains has emerged as one of the key priorities to not only achieve operational efficiencies and meet rising demand, but also to future-proof businesses. … [Read more...] about More business leaders embrace digital technologies
Solar power capacity to be cut due to oversupply
Pham Que Phong, chairman of Inter Solar Joint Stock Company, said: “If the upcoming FIT 3 price is issued to prioritise dispersed solar rooftop and has a price difference between regions according to the rate of radiation, it will promote lots of rooftop solar projects and limit solar farm projects." … [Read more...] about Solar power capacity to be cut due to oversupply