HONG KONG SAR - Media OutReach - 4 May 2021 - In celebration of CPA Australia's 135th anniversary and 65 years in Hong Kong – CPA Australia assembled a pop-up café & museum at the celebrated heritage site – Jao Tsung-I Academy. At the opening ceremony, business magnate and iconic leaders like Dr Allan Zeman, Chairman of Lan Kwai Fong Group, Dr George Lam, Chairman of Cyberport Management and Chairman of the United Nations ESCAP Sustainable Business Network and Mr Tim Lui, Chairman of the Securities and Futures Commission, came together to try out their barista skills by making their first cup of latte! The lattes were
Indian small businesses are more confident than their Asia-Pacific counterparts.Investment in technology helped combat the impact of COVID-19 and increase profitability.Nearly two-thirds of Indian small businesses grew in 2020 and most expect to grow this year.Indian small businesses were most likely to seek external finance in 2021. NEW DELHI, INDIA - Media OutReach - 22 April 2021 - Nearly two-thirds of Indian small businesses experienced growth in 2020 through technology investment and adoption. They maintain a confidant outlook despite the impact of COVID-19, according to CPA Australia's 2020-21 Asia-Pacific Small
Filipino small businesses made greater use of digital technologies in 2020.Difficulty accessing finance may act as a brake on small business growth in 2021.A young workforce and strong focus on innovation will boost small business momentum. MANILA, PHILIPPINES - Media OutReach - 20 April 2021 - Small businesses in the Philippines significantly increased their use of online payment technologies and sales in 2020. However, difficulty accessing external finance may hamper their growth prospects in 2021, according to CPA Australia's 2020-21 Asia-Pacific Small Business Survey. The survey canvassed 4,227 small businesses in 11 markets
Most Mainland Chinese small businesses have or expect to recover from COVID-19 in 2021.Sixty-four per cent of small businesses expect their revenue to grow in 2021.Forty-two per cent of small business expect to increase employee headcount in 2021.BEIJING, CHINA - Media OutReach - 16 April 2021 - The small business sector in Mainland China is showing strong signs of confidence. Sixty-four per cent of small businesses expect their revenue to grow and forty-two per cent expect to increase their employee numbers in 2021. These results are part of CPA Australia's 2020-21 Asia-Pacific Small Business Survey, published today.
Vietnam's small businesses recovered faster from COVID-19 than the Asia-Pacific average.Technology investment, digitalisation and external financing supported business rebound.Most of Vietnam's small businesses expect to grow in 2021, many will increase headcount. HANOI, VIETNAM - Media OutReach - 13 April 2021 - A combination of rapid business transformation, strong technology adoption and access to finance has enabled Vietnam's small businesses to experience a V-shape rebound from the impacts of the COVID-19 pandemic. Small businesses from Vietnam are the second most likely to expect to grow in 2021 of the markets
Taiwanese small businesses were less impacted by COVID-19 than other Asia-Pacific markets.Fifty-six per cent of Taiwan's small businesses expect to grow in 2021, survey finds.Small businesses are neglecting opportunities to adopt digital payment technologies. TAIPEI, TAIWAN - Media OutReach - 31 March 2021 - Small businesses in Taiwan remain moderately resilient in the face of COVID-19-related uncertainties. In a recent survey by CPA Australia, 46 per cent of small businesses reported growing in 2020, while 56 per cent expect to grow in 2021. The survey canvassed the views of 4,227 small businesses in 11
COVID-19 the biggest challenge confronting Indonesian small businesses in 2020.Established e-commerce and online delivery services helped businesses shift online quickly.Seventy-six per cent of surveyed Indonesian small businesses expect to grow in 2021. JAKARTA, INDONESIA - Media OutReach - 30 March 2021 - Although many small businesses in Indonesia were adversely impacted by COVID-19 in 2020, a strong focus on online sales and customer satisfaction should lead to a rebound in small business activity in 2021, according to CPA Australia. CPA Australia's Asia-Pacific Small Business Survey, published today,