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Small businesses in Asean rank technology as top investment priority: UOB, Accenture, and Dun & Bradstreet

Felicia Tan
Felicia Tan • 3 min read
Small businesses in Asean rank technology as top investment priority: UOB, Accenture, and Dun & Bradstreet
Although some 88% of these businesses have lowered their revenue expectations in 2020, almost half of them (44%) still plan to increase their overall technology budget.
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SINGAPORE (July 2): Small businesses in five Asean markets – Indonesia, Malaysia, Singapore, Thailand, and Vietnam – are counting on technology to help them tide over the Covid-19 outbreak crisis, according to a recent survey conducted by United Overseas Bank (UOB), Accenture, and Dun & Bradstreet.

The research sought to understand how the small firms were adapting to the business environment given the changes brought on by the pandemic.

The survey was conducted in the third quarter of 2019 and May 2020 during the Covid-19 pandemic. The survey sampled 1,000 small businesses in the five Asean countries that had an annual turnover of $20 million and below.

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