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Business Monitor Asia

Abstract:

The UPS Asia Business Monitor has been tracking Asian small and medium enterprises (SME) sentiments since 2005. With the global economy in recovery, Asian SMEs reflect greater optimism when compared to last year. However, wounds from the financial crisis have not fully healed and funding continues to be a major concern. For many SMEs, their top fears are rising costs, competition, interest rate hikes and cash flow.

SMEs' projections for trade growth within Asia have more than doubled since last year. A possible reason for this is the numerous Free Trade Agreements (FTAs) that have come into effect or are signed this year. For example, the ASEAN-China FTA, which began in January 2010, saw immediate results with South China's Guangxi Zhuang autonomous region and Vietnam approving a framework agreement in February 2010 to establish a new cross-border economic zone.

The UPS Asia Business Monitor is an annual survey conducted with SME decision makers across 13 markets: Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.

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65-6883 7560

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