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Lay-offs and pay cuts on the cards for businesses across most industries, says GlobalData

The COVID-19 outbreak, which has resulted in travel restrictions and lockdowns in several countries, has negatively impacted businesses across almost all industries. The economic impact of COVID-19 and uncertainty over when normal operations can resume is weighing heavily on industries. This has resulted in some companies considering lay-offs and others pay cuts, according to GlobalData, […]
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Non-medical companies respond to mask and ventilator manufacturing appeals amidst shortage, says GlobalData

The overwhelming demand for masks and ventilators is forcing governments across the globe to look for alternate manufacturers, says GlobalData, a leading data and analytics company. As tracked by GlobalData’s news database, companies across alternate industries and geographies have started mask and ventilator production. Several automotive manufacturers have ramped up the production of masks and […]
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China occupies top two spots in APAC’s top five VC funded emerging tech companies list in 2019, finds GlobalData

Chinese firms occupied the top two positions in the list of top five venture capital (VC) funded emerging tech companies in the Asia-Pacific (APAC) in 2019, according to GlobalData, a leading and data analytics company. The remaining positions were occupied by one Singaporean firm and two Indian firms. Tenglong Holding Co Ltd (Tenglong Holding) raised […]
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New incentives and tax benefits can boost R&D ecosystem for new drug development in India, says GlobalData

India has recently sought feedback from the top pharmaceutical companies to make regulatory changes that offer specific tax benefits for specialized research. With the government’s inclination towards promoting domestic R&D, new incentives and revising the current weighted tax deductions can boost the R&D ecosystem for new drug development in India, says GlobalData, a leading data […]
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With Mylab Covid-19 test kits approval India looks to expand testing criteria, says GlobalData

Following the news that molecular diagnostic company Mylab has received approval for its Covid-19 diagnostic test kits from the Drug Controller General of India (DCGI); Rohit Anand, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “India so far has followed a restrictive testing protocol for suspected Covid-19 cases and […]
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Sustainability takes backseat as APAC companies shift to plastic packaging to avoid outspread of Covid-19, says GlobalData

Sustainability has been a big trend in the past few years and many companies in the Asia-Pacific (APAC) region have switched to more eco-friendly alternatives, such as replacing plastic materials and removing single-use packaging. However, since the outbreak of coronavirus (Covid-19), companies may resort to plastic packaging to combat the spread of the pandemic putting […]
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Driven by infrastructure spending, construction industry in Philippines to reach US$70bn in 2024, says GlobalData

Driven by the government’s efforts to boost spending on the country’s infrastructure, the value of the construction industry in the Philippines, measured at constant 2017 US dollar exchange rates, is expected to grow at an annual average of 7.9% from US$47.8bn in 2019 to US$70bn in 2024, says GlobalData, a leading data and analytics company. […]
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Vocus partners with Zoom as demand for remote working soars due to Covid-19, says GlobalData

Australia-based specialist fiber and network solutions provider Vocus’ partnership with unified communications platform vendor Zoom Video Communications is timely as demand for video and team collaboration tools is strong due to companies implementing remote working to cope with the Covid-19 situation, says GlobalData, a leading data and analytics company. Reportedly, Vocus agreed to resell Zoom […]
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