To squeeze or not to squeeze?

Nokia Siemens Networks showed their appreciation to their most innovative suppliers in the second Nokia Siemens Networks Supplier Innovation Day held yesterday. "It's about rewarding our suppliers for what they've done throughout the year," NSN's head of services procurement Basil Byrne says.

Here he is to tell us more about why they started doing this and how it's worked out for them so far. Byrne also shares his thoughts on companies putting the squeeze on suppliers as a means to ride out the crisis.

(As Murphy would have it, as soon as I hit 'record' someone was in the same area as us talking exceedingly loudly on the phone. Please excuse the interruption. But hey, at least you know it was unrehearsed and we were out nabbing the news as it broke.)

Majority of local SMEs negative on economy

Singapore - The recent UPS Asia Business Monitor reveals that 87% of local SMEs expect the economy to decline this year, compared to 65% of SMEs in Asia Pacific. However, 38% of local SMEs predict the market could pick up as early as next year.

Find out more from Gillian Sim, MD of UPS Singapore in this video: