Why Apple is Looking to Vietnam to reduce its reliance on China
Currently, more than 90 percent of Apple devices, such as iPhones, iPads, and MacBooks, are made in China. Experts suggest that Apple’s heavy dependence on China brings potential risks, especially when the US-China trade war shows no signs of de-escalating.
Top 50 APAC firms report 21% growth in 2021 aggregate revenue
An analysis of GlobalData’s Company Reports Database reveals that seven companies out of the top 50 reported an increase of over 40% in their revenue and three companies reported a decline of more than 3%. The list included 28 companies from China, all of which, registered year-on-year growth.
Asia-Pacific: Companies face rising credit risks despite shorter payment delays
Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year.
BOI approves 209.5 billion baht (US 6.2 billion) of projects, raises incentives for EV battery makers
So far, a total of 16 projects, with a combined investment value of 4.82 billion baht, by 10 different companies, have been granted promotion benefits for investments in the manufacture of EV batteries