Asian Businesses Struggle To Keep Business Afloat

Business trends wax and wanes over time. Even though your business is a household staple, you can still experience a reduction in revenue for a lot of reasons. One of the main reasons why businesses declare bankruptcy is because they fail to stay relevant in a world that is increasingly becoming globally competitive. Global issues can mess with the global economy and likewise have a domino effect on various businesses in the market.

Asian businesses even suffer from issues affecting western soil and that’s more than half of the planet’s population struggling financially. Political instability, social unrest, infrastructure issues and economic stagnation are just a few of the challenges faced by the Asian market and can determine whether Asia remain prosperous or not.

Singapore shares slid further on Wednesday (May 17) as markets in Asia tumbled on worries over political issues in the United States.

The benchmark Straits Times Index (STI) shed 3.61 points, or 0.11 per cent, to 3,224.10. A total of 1.35 billion shares worth $1.23 billion exchanged hands across the bourse.

Data that showed non-oil domestic exports (Nodx) here dipped 0.7 per cent in April did