HK SMEs gloomy, eye recovery after 2010 - UPS

Discussion in 'The Latest UPS Headlines' started by cheryl, May 26, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    HK SMEs gloomy, eye recovery after 2010 - UPS - Reuters

    Small-to-medium enterprises (SMEs) in Hong Kong are pessimistic about a quick economic rebound, and anticipate a global economic recovery only after 2010, freight forwarder United Parcel Service Inc said on Tuesday.

    In a bid to ride the economic storm, SMEs in Asia are tightening their cash management, reducing costs and exploring new revenues sources, a UPS survey said.