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Around one-third of businesses are concerned about the financial fallout from business interruption, loss of key staff, and equipment breakdown — while only about one quarter hold insurance policies that cover these. Attention to workplace safety and health issues remains high, with more communicating their coverage and benefits to employees. The proportion of Hong Kong SMEs with a staff retention plan has notably increased, with increased pay the number one strategy for keeping staff. Hong Kong SMEs are a major employer of workers aged 65 or older, with 49% saying their workforces are made up by 10% or more of this demographic. HONG KONG, March 18, 2025 /PRNewswire/ -- QBE Insurance today announced a second and final batch of key findings from this year's QBE Hong Kong SME Survey. Between November 2024 and January 2025, 600 Hong Kong business executives voiced their thoughts on multiple business risks and opportunities, including workplace safety and health (WSH), talent retention, and insurance-related issues, among others. A notable takeaway from this year's edition is how most business leaders have concerns about a wide range of businesses risks, yet very few hold insurance policies to protect their companies against these. For the second year running, anxiety over rising property rental prices was cited by 67% of respondents as the number one business concern, up from 64% in 2024. More interestingly however, was how 65% of businesses said that loss of income due to business interruption was a key business concern, while just 24% hold insurance policies to shield them from this risk. Similarly, 65% and 64% of respondents are concerned about the impact of losing staff and equipment malfunction respectively, with only 19% and 25% having insurance to cover these issues. "Although we are seeing an increase in awareness of these risks, it is concerning that many SMEs are still underinsured," said Andex Fung, Head of SME Segment, Asia at QBE. "Business owners should consider adequate protection against the full range of threats that can disrupt their operations. We understand that many SMEs have expressed concerns over increased costs and reduced profitability this year, but we would urge them to consider insurers like us as partners who can help businesses navigate these challenges – by offering advice and comprehensive risk management solutions tailored to their specific needs. Overall, the cost of not having the right coverage in place can be far greater than the investment in protection." An increased focus on work safety and mental health Attention to WSH is rising overall, this year's survey found. Some 92% of respondents said they communicate coverage and benefits to their employees, versus 90% last year. Similarly, 83% in 2025 said they are aware of employees' compensation insurance — coverage that is compulsory under Hong Kong law — with 76% saying the same in 2024. However, the number of businesses with return-to-work policies dropped slightly year-on-year, from 86% to 82%. And the proportion of Hong Kong SMEs that had experienced between one and three WSH events marginally rose from 22% in 2024 to 25% in 2025. Hong Kong SMEs remain focused on mental health. Some 95% of respondents said it is either very important or somewhat important, comparable to 94% last year. To this end, more SMEs are implementing measures to improve both mental and physical wellbeing, with 46% offering flexible working hours for improved work-life balance, up from 39% last year; and 40% offering work-from-home arrangements, rising from 28% in 2024. Talent acquisition and retention efforts remain high As the battle for top talent intensifies in Hong Kong, SMEs are placing more emphasis on recruitment, training, and retention. The survey revealed a marked increase in the percentage of SMEs concerned about these issues, with 50% of respondents identifying it as a key challenge, up from 39% in 2024. This rise demonstrates how talent management has become a growing priority for businesses striving to maintain competitiveness in a rapidly changing market. Increased pay and bonusses is key to keeping the best skilled staff in the business, with 43% of SMEs saying so, whereas the figure was just 29% last year. Flexible working arrangements have emerged as one of the most effective ways SMEs are tackling this challenge: the survey found that 39% of SMEs are offering flexible work schedules, a significant increase from 26% last year. Other measures aimed at enhancing employee satisfaction include the introduction of relaxation rooms or spaces for employees to recharge during work hours. For the first time, this year's survey explored attitudes and approaches to older workers. With employees aged 65 and over representing almost 14% of Hong Kong's workers[i], this demographic is an increasingly important part of the region's labour force. Hong Kong SMEs are a noteworthy employer of this age group, the survey reveals, with 49% saying their workforces are made up by 10% or more of this demographic. Some 34% of respondents view this age group as experienced and skilled, with 26% mentioning a higher retention rate and 25% asserting their loyalty. ### Notes to editor: For results of a similar survey conducted with Singapore SMEs, please visit this link. Singapore-Hong Kong SME survey summary: Workplace Safety and Health, Staff Retention and Business Risks/Concerns 2025 vs. 2024 results Singapore Hong Kong Workplace Safety and Health (2025:2024) Awareness of Employee Compensation Insurance • Fully informed (66%:70%) • Not fully informed but know where to get the information from (28%:25%) • Not aware of what coverage is needed and not sure where to get the information from (6%:5%) Steps Taken to Ensure Employee Mental and Physical Wellbeing (Top 3) 1. Offer flexible working hours (59%:44%) 2. Offer working from home (45%:35%) 3. Offer health and wellness benefits (43%:28%) Awareness of Employee Compensation Insurance • Fully informed (83%:76%) • Not fully informed but know where to get the information from (16%:23%) • Not aware of what coverage is needed and not sure where to get the information from (1%:2%) Steps Taken to Ensure Employee Mental and Physical Wellbeing (Top 3) 1. Offer flexible working hours (46%:39%) 2. Offer working from home (40%:28%) 3. Offer care packages (39%:35%) Staff Retention (2025:2024) Strategies for Staff Retention (Top 3) 1. Allow for flexible work schedules (51%:32%) 2. Increased pay / salary and bonuses (48%:34%) 3. Offer more opportunities to upskill and grow (46%:27%) Strategies for Staff Retention (Top 3) 1. Increased pay / salary and bonuses (43%:29%) 2. Allow for flexible work schedules (39%:26%) 3. Rest and relaxation rooms (37%:20%) Business Risks/Concerns (2025 : 2024) 1. Loss of income due to business interruptions (74% : 77%) 2. Damage to/loss of inventory (72% : 72%) 3. Fraud & fraudulent payments via the internet (72%:73%) 1. Property rental prices (67% : 64%) 2. Loss of income due to business interruptions (65% :63%) 3. Loss of key staff (65% : 59%) About QBE Hong Kong QBE Hong Kong is part of QBE Insurance Group and has been serving Hong Kong for more than a century. Today, QBE Hong Kong operations include QBE Hongkong & Shanghai Insurance Limited, QBE General Insurance (Hong Kong) Limited, and QBE Mortgage Insurance (Asia) Limited. As a leading general insurer, QBE Hong Kong provides a comprehensive range of non-life insurance solutions for both business and personal customers. QBE Hong Kong operates through an extensive network of professional insurance agents and brokers. To learn more about QBE Hong Kong, please visit www.qbe.com/hk [i] https://www.censtatd.gov.hk/en/web_table.html?id=8
TOKYO, March 18, 2025 /PRNewswire/ -- Synspective Inc., a provider of Synthetic Aperture Radar (SAR) satellite data and analytics solutions, is pleased to announce the opening of two subsidiaries: Synspective USA HD, Inc., a holding company, and Synspective USA, Inc., an operating company in the USA. Synspective USA, Inc. will operate in Colorado. Kumar Navulur and Motoyuki Arai This strategic expansion marks a significant milestone in the company's growth, strengthening its commitment to offering cutting-edge satellite technology and data-driven insights to clients across North America and Latin America, the world's largest space-related market. According to "Synthetic Aperture Radar (SAR) Market Report, 2024-2032," published by Global Market Insights, the market size of SAR in North America, primarily driven by the U.S., is expected to reach 9,625 USD million in 2023 and grow at approximately 10% per year, reaching 19,569 USD million by 2030. The new USA subsidiary will serve as the hub for Synspective's regional operations, focusing on delivering advanced SAR technology solutions for sectors such as national and homeland Security, infrastructure monitoring, disaster response, human security, and environmental management. The company aims to enhance its partnerships with key local stakeholders, provide valuable insights to support decision-making processes, and offer impactful solutions. Comments from CEO, Dr. Motoyuki Arai"We are excited to expand our global footprint and establish a presence in the United States, a key market for the space and technology industries. This move demonstrates our commitment to advancing our mission of delivering actionable insights through satellite data. We intend to proactively invest, as expanding our business contributes to the U.S. economy. By opening a subsidiary in the U.S., we aim to foster closer collaboration with local businesses and governments, ensuring that our innovative SAR solutions are readily available to address the unique challenges and opportunities within the region." Comments from Representative of Synspective USA, Inc., Dr. Kumar Navulur"This is an exciting time for Synspective as we build a strong foundation in the Americas. We look forward to working closely with our partners to introduce our advanced SAR technologies and provide actionable data and insights that can drive positive change for a sustainable future for the next generation. The U.S. subsidiary will allow us to better serve clients' needs across various sectors and play a pivotal role in transforming industries with our satellite-based solutions." Profile of Dr. Kumar NavulurDr. Kumar Navulur has over 30 years of experience in the geospatial industry and holds a Ph.D. in Agricultural and Biological Engineering from Purdue University. He serves on the Board of Directors of the Open Geospatial Consortium (OGC). He is a Private Sector Network (PSN) member of the United Nations Committee of Experts on Global Geospatial Information Management (UN-GGIM). Previously, he chaired the DigitalGlobe Foundation for five years, expanding the program to over 500 universities. He holds several patents in remote sensing and GIS, with extensive expertise in research and development, product development, and business development. About Synspective Inc. Synspective Inc., founded in 2018, develops and operates Synthetic Aperture Radar (SAR) satellites and provides SAR data and analytics solutions. We aim to develop a constellation of 30 SAR satellites by the late 2020s, allowing us to create a new system that can observe changes anywhere on Earth. With a SAR satellite constellation that enables high-frequency and high-resolution Earth observation, Synspective delivers satellite data and various analytics solutions for disaster response and management, national security, and environmental monitoring.
SINGAPORE, March 18, 2025 /PRNewswire/ -- Singapore's workforce is at a turning point. As artificial intelligence (AI) adoption accelerates, businesses are rethinking how they operate, automate, and scale. According to the Infocomm Media Development Authority (IMDA), in 2024, over 75% of industries worldwide have integrated AI into their workflows. Singapore's push for digital transformation has made AI upskilling a necessity rather than an option. Companies and individuals that fail to adapt risk falling behind as AI-powered automation reshapes work processes, decision-making, and talent requirements. Illustrating this shift, local bank DBS recently announced that it expects to cut around 4,000 contract roles in the next three years as AI increasingly automates these functions. With AI rapidly disrupting industries, adoption is becoming a non-negotiable for professionals and businesses alike. Organisations implementing AI-driven automation report 30% faster workflows, as highlighted in Singapore's National AI Strategy report by Smart Nation. The IMDA's AI Readiness Index & Case Studies further indicate a 50% reduction in repetitive tasks. Cost is also a significant driver of AI adoption, with companies potentially saving up to 50% in operational expenses, according to Amazon Web Services' AI Adoption Study. However, successful AI integration hinges on ensuring that workers have access to upskilling opportunities. Greater Support for Upskilling: Budget 2025 During the Budget 2025 announcement on February 18, Prime Minister Lawrence Wong acknowledged concerns about the impact of rapid industry changes on Singaporeans' livelihoods. The SkillsFuture Level-Up Programme (SFLP) will be significantly enhanced to support mid-career development, offering greater flexibility for Singaporeans aged 40 and above. Starting in early 2026, a new part-time training allowance of S$300 per month will be introduced to support individuals pursuing part-time courses, while the existing full-time allowance of up to S$3,000 per month remains available for those seeking career transitions. The Challenge of Building an AI-Ready Workforce Yet, the real challenge lies in developing an AI-ready workforce that can harness these tools effectively. A 2024 YouGov survey of 1,000 Singaporean employees found that 63% had not received employer-led training in using generative AI ethically. This reflects a gap in corporate AI education efforts. Recognising this need, Vertical Institute, a leading provider of in-demand AI training, has committed to making AI education accessible to a broad audience. With over 15,000 alums, the Singapore-based training provider has played a key role in equipping Singapore's professionals with the skills needed to leverage AI for business impact. Beyond alumni numbers, Vertical Institute's true success lies in the professionals who have transformed their careers—and their companies—through these training programmes. From Spreadsheets to AI-Driven Workflows: Hidayah's Story Hidayah Alias, 28, an analyst at an investment firm, is one such alumnus who has reaped the benefits of AI upskilling. When tasked with developing dashboards and streamlining reporting processes, she struggled with inefficiencies – 90% of her time was spent on pivot tables and manually processing data. She recognised the need to enhance her data science skills, so she used her SkillsFuture credits to enrol in an AI course at Vertical Institute. "Learning AI-powered problem-solving skills completely changed my approach at work," Hidayah shared. "The course didn't just introduce new tools—it helped me break down complex challenges into manageable steps. Learning from instructors who are industry experts gave me the confidence to apply AI-driven solutions at work." Following her upskilling journey, Hidayah successfully implemented automated reporting systems, cutting manual effort significantly and improving decision-making efficiency within her company. AI-Driven Job Search Success: Aishah's Journey AI is transforming business operations and reshaping hiring and job search strategies. Nur Aishah Abdullah, 38, another Vertical Institute alumnus, leveraged her training to secure a new role at a multinational law firm. "The role-playing interviews using ChatGPT were a game-changer," she recalled. "Practicing real-world responses, anticipating interview questions, and refining my communication skills gave me theconfidence that translated into my actual interview performance, which helped me to secure the job." Beyond technical skills, Aishah found value in the structured online learning experience, which allowed her to learn from industry AI practitioners. "It wasn't just theory. The case studies and real-world examples made the learning highly practical," she added. The Future of Work: Businesses Need AI-Ready Talent Singaporean businesses are actively investing in AI, with 67% of companies already integrating it into their operations. Yet, the biggest hurdle remains: finding talent capable of navigating, implementing, and maximising AI technologies. Aishah believes the key is not fearing AI but learning to work alongside it. "Many professionals worry about AI replacing jobs, but what's more crucial is learning how to adapt and apply AI to everyday tasks. The ability to evolve with technology makes you invaluable to any company," she said. Generative AI is no longer a futuristic concept for businesses—it is a competitive advantage. From automating workflows and reducing operational costs to enhancing decision-making, the ability to leverage AI is now a defining factor in business success. Vertical Institute: Bridging the AI Skills Gap What sets Vertical Institute apart is its commitment to real-world learning. Unlike traditional training providers, Vertical Institute offers AI courses designed and taught by industry professionals who use AI daily in their respective roles. This approach ensures participants learn AI concepts and acquire practical skills that drive tangible business outcomes. "Vertical Institute's Generative AI curriculum equips students with real-world skills that put them ahead of industry trends, empowering them to innovate, lead, and shape the future of their careers in an increasingly AI-driven world," says Dr Peter Finn, Generative AI Instructor at Vertical Institute and also Co-founder and CEO @ Synectify. Vertical Institute website: https://verticalinstitute.com/generative-ai-course/ About Vertical Institute Vertical Institute prepares individuals for the jobs of tomorrow. We specialise in teaching in-demand skills and building the next generation of changemakers and inventors through our world-class in-demand courses and certifications. Vertical Institute is accredited as an Approved Training Provider (ATO) by SkillsFuture Singapore (SSG) and the Institute of Banking and Finance Singapore (IBF). All our courses are government-subsidised and eligible for SkillsFuture Credits usage and NTUC UTAP Funding.
HONG KONG, March 18, 2025 /PRNewswire/ -- In 2024, Roborock, the global leader in ultra-intelligent home robotics engineered to simplify daily life, ranked once again first in global sales volume and turnover amongst Robotic Vacuum Cleaner (RVC) Brands, according to IDC on its 2024 Q4 Worldwide Smart Home Device Tracker released earlier this week. Roborock Remains the number 1 top selling Robot Vacuum Cleaner Brand globally in 2024 Roborock's global market share for the year in terms of sales volume was 16%, with the brand's total turnover reaching 22.3%. This represents a YoY increase in the amount of unit shipments by Roborock of 20.7%. Roborock's leading position is obvious across United States and China. Also, Roborock ranks as the top #1 selling RVC brand in volume and value in Denmark, Finland, Germany, Norway, South Korea, Switzerland, and Turkey. According to IDC, Roborock's overseas expansion prioritizes developed markets with high demand for smart home products equipped with the latest technology. The brand also emphasizes both online and offline distribution that can provide adequate returns to its intensive R&D efforts. Also noted by IDC, Roborock's wide product portfolio covers low, medium, and high-end market segments, and its flagship OmniGrip robotic arm has become a symbol of the industry's accelerated development. The IDC paper comes a few weeks after Roborock won several prestigious global media awards at CES 2025 based on the launch of its new revolutionary Roborock Saros series, including the Roborock Saros 10R, the Roborock Saros 10, and the Roborock Saros Z70, the most cutting-edge robotic vacuum cleaner of the year featuring an OmniGrip, the first-of-its-kind mass-produced* foldable robotic arm with five-axis that can deploy itself to clean areas previously obstructed and (1) put away small items such as socks, small towels, tissue papers, and sandals under 300g (1). Source: IDC Quarterly Smart Home Device Tracker, 2024Q4 https://www.idc.com/getdoc.jsp?containerId=prCHC53260625 Based on internal testing carried out by the manufacturer. Actual results may vary depending on environmental factors. Contact: ruben.rodriguez@roborock.com
XI'AN, China, March 18, 2025 /PRNewswire/ -- From March 11th to 13th, the largest photovoltaic exhibition in the Netherlands, Solar Solutions Amsterdam (SSA), was grandly held in Amsterdam. As a globally leading solar technology company, LONGi showcased its latest products and technologies at the exhibition, reached strategic cooperation agreements with multiple enterprises, and further consolidated its leading position in the European market. LONGi at the SSA Leading the Way forward: The Stunning Launch of Hi-MO X10 At the SSA exhibition, LONGi presented a variety of high-efficiency PV modules, including the Hi-MO X10. As the latest flagship product, Hi-MO X10 module adopts LONGi's latest HPBC 2.0 technology, featuring higher conversion efficiency and lower levelized cost of electricity. It is especially suitable for rooftop distributed projects. The launch of the Hi-MO X10 module not only demonstrated LONGi's technical innovation capabilities but also brought a more efficient and economical clean energy solution to the European market. Huang Lan, Deputy General Manager of LONGi's Western Europe Representative Office, elaborated in detail on the core values of the Hi-MO X10 module, which are summarized as "high efficiency, rich power generation, good-looking appearance, and safety". Mao Binjie, Head of Products and Solutions at LONGi, gave an in-depth explanation to the on-site audience about the application scenarios of the Hi-MO X10 in the Benelux market and the return on investment it brings to customers. LONGi also specially demonstrated the anti-shading function of the Hi-MO X10 module. The audience could have an intuitive experience of the power generation performance of the Hi-MO X10 module in different shading environments. Multiple First Orders: Expanding the Cooperation Landscape During the exhibition, LONGi reached first-order signing agreements for the Hi-MO X10 module with several large distributors in the Benelux region, including well-known enterprises such as Natec, BM Energy, IBC SOLAR Benelux, and OSW. At the same time, LONGi, together with Memodo, a large European distributor, announced an important cooperation agreement with Zonnestroom Nederland. Headquartered in the Netherlands, Zonnestroom Nederland is a company under the Elix Group, specializing in the development and installation of PV systems and providing high-quality solar solutions for the European market. According to the agreement, LONGi will supply 100MW of high-efficiency BC modules to Zonnestroom Nederland for its rooftop projects in Europe. LONGi will work hand in hand with its partners to promote the widespread application of high-efficiency PV modules in the Benelux region and contribute to the local energy transformation. Huang Lan said, "We are very pleased to reach this important cooperation with Zonnestroom Nederland. Thank you for Zonnestroom Nederland's trust and support for LONGi. We believe that through the joint efforts we will embrace an even brighter future of cooperation." Endless Surprises: More New Products Are Set to Be Unveiled The SSA exhibition has successfully concluded, but LONGi's innovation journey never stops. In May this year, LONGi will make an appearance at Intersolar Europe in Munich, Germany, and release more highly anticipated new products. LONGi and the partners from Netherlands
VICTORIA, Seychelles, March 18, 2025 /PRNewswire/ -- MEXC, a leading global cryptocurrency exchange, announced the launch of DEX+, the market's first innovative CEX and DEX hybrid product that provides a seamless, one-stop experience for both on-chain and off-chain trading. This development marks a significant milestone in the evolution of hybrid crypto trading platforms. DEX+ allows users to trade directly on decentralized exchanges (DEXs) through the MEXC app and website, offering access to a wide range of on-chain assets. The initial version of DEX+ will support the Solana ecosystem, enabling users to trade over 10,000 tokens available on Raydium and pump.fun, with future expansion to additional DEXs and blockchain networks. MEXC Launches DEX+: One-Stop Platform For Seamless On-Chain and Off-Chain Trading DEX+ stands out by addressing many of the common pain points faced by users on traditional DEX platforms. Conventional DEX interfaces require users to navigate multi-step interactions with complex on-chain processes such as token approvals, transaction signings, and cryptocurrency swaps. MEXC's DEX+ simplifies this process entirely. Users can transfer funds directly into their DEX+ account and execute buy and sell orders without dealing with intricate on-chain operations. This approach makes decentralized trading more accessible, especially for new crypto users. "MEXC's DEX+ bridges the gap between centralized efficiency and decentralized freedom. Despite the growing popularity of DEXs, the lack of user-friendly interfaces and high transaction fees remain a significant hindrance to widespread adoption. Through DEX+, MEXC aims to solve these issues by providing a familiar, CEX-like trading experience while retaining the benefits of accessing on-chain assets. Users can seamlessly switch between centralized exchange and DEX+ features," said Tracy Jin, COO of MEXC. MEXC is dedicated to offering a diverse range of accessible assets through its listing strategy and innovative products, all while ensuring top-tier security for its users. MEXC delivers comprehensive custodial wallet management for DEX+ users, ensuring security at an institutional level. Additionally, the platform offers Proof of Reserves, ensuring asset integrity and exceptional transparency. Users' assets are backed 1:1, and customer fund compensation requirements are fully covered. This dual-layer protection ensures unmatched security for user assets. Furthermore, MEXC announced its collaboration with GoPlus, an independent third-party security provider that inspects the safety of all trading pairs listed on the platform. This added measure boosts user confidence and transparency, allowing them to trade with greater assurance and peace of mind. Moving forward, MEXC's DEX+ is expected to play a pivotal role in the continued growth of DeFi and DEX ecosystems. As more users transition toward decentralized trading platforms, integrating CEX and DEX models will become increasingly important. With DEX+, MEXC strives to stand at the forefront of this innovative trend. To celebrate the successful launch of DEX+, MEXC is pleased to announce its incentive program: new users completing trades of 100 USDT or more on the DEX+ platform will be eligible to receive a 20 USDT reward. For more details, please visit: https://www.mexc.com/dex-rewards. About MEXC Founded in 2018, MEXC is dedicated to being "Your Easiest Way to Crypto." Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 34 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets. For more information, visit: MEXC Website｜X｜Telegram｜How to Sign Up on MEXC
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