Media OutReach
Allianz Risk Barometer 2025: Business interruption top business risk in Asia

- Companies identify Business interruption as their top business concern for the year ahead (37% of overall responses)
- Cyber ranks #2 (31%), with data breaches identified as the cyber exposure companies fear most
- Natural catastrophes retain #3 rank (27%) in Asia, which is heating up faster than the global average
SINGAPORE – Media OutReach Newswire – 15 January 2025 – Business interruption is the biggest worry for Asian companies in 2025, according to the Allianz Risk Barometer. Cyber incidents such as data breaches or ransomware attacks, and IT disruptions, such as the CrowdStrike incident, are also a main concern for companies of all sizes, ranking #2. After another heavy year of Natural catastrophes activity in 2024 this peril remains #3.
The top three risks globally – Cyber incidents (#1), Business interruption (#2), and Natural catastrophes (#3) – retained their positions in this year’s Allianz Risk Barometer, which is based on the insights of more than 3,700 risk management professionals from over 100 countries.
Allianz Commercial Chief Underwriting Officer Vanessa Maxwell comments: “2024 was an extraordinary year in terms of risk management and the results of our annual Allianz Risk Barometer reflect the uncertainty many companies around the globe are facing right now. What stands out this year is the interconnectivity of the top risks. Climate change, emerging technology, regulation and geopolitical risks are increasingly intertwined, resulting in a complex network of cause and effect. Businesses need to adopt a holistic approach to risk management and consistently strive to enhance their resilience in order to address these fast-evolving risks.”
Christian Sandric, Regional Managing Director of Allianz Commercial Asia, says, “Business interruption is the most significant risk for companies in the region and this is no surprise as Asian economies are increasingly participating in trade globally and regionally. This is also often due to events like cyber incidents or natural catastrophes, which are part of the top risks in the region. Against this backdrop of an increasingly volatile risk landscape, businesses should ensure they are sufficiently protected and their response measures robust. This includes adopting measures such as loss prevention, developing multiple suppliers, alternative risk transfer, and multinational insurance policies.”
Business interruption strongly interlinked with other risks
Business interruption (BI) is the top risk in Asia; it ranks in the top three risks in all countries and territories, and is the top risk in China and Hong Kong, Malaysia, Singapore, and South Korea. Its persistence at the top reflects severe supply chain disruption during and after the pandemic.
Such disruptions are of particular concern as Asian economies are increasingly participating in trade. Asia is now the world’s second-most integrated trade region, driven by the rapid growth of manufacturing supply chains across borders. In addition, due to rising US-China tensions, bilateral trade between geopolitically aligned countries has risen. Global trade flows are becoming more intricate and this shift has opened doors for nations like India and Malaysia to step up as next-generation trade hubs, according to Allianz Trade.
Globally, BI has ranked either #1 or #2 in every Allianz Risk Barometer for the past decade and retains its position at #2 in 2025 with 31% of responses. BI is typically a consequence of events like a natural disaster, a cyber-attack or outage, insolvency or political risks like conflict or civil unrest, which can all affect the ability of a business to operate normally. Several examples from 2024 highlight why companies still see BI as a major threat to their business model. Houthi attacks in the Red Sea led to supply chain disruptions due to rerouting of container ships, while incidents such as the collapse of the Francis Scott Key Bridge in Baltimore also directly impacted global and local supply chains. Supply chain disruptions with global effects occur approximately every 1.4 years, and the trend is rising, according to analysis from Circular Republic, in collaboration with Allianz and others. Those disruptions cause major economic damages, ranging up to 5% to 10% of product costs and additional downtime impacts.
Cyber risks continue to increase with rapid development of technology
Cyber incidents rank #2 in Asia; it is the top risk in India for the eighth consecutive year, and the second most significant risk in Japan and Singapore. The Asia Pacific region saw a 23% increase in weekly cyberattacks per organization in Q2 2024, compared to the same period in 2023. Some of the cyber incidents around the region include the attack on India’s biggest crypto exchange WazirX, the distributed denial-of-service (DDoS) attack on Japan Airlines, and cyberattack on Singapore law firm Shook Lin & Bok.
Globally, Cyber incidents (38% of overall responses) rank as the most important risk for the fourth year in a row – and by a higher margin than ever (7% points). It is the top peril in 20 countries, including Argentina, France, Germany, India, South Africa, the UK and the US. More than 60% of respondents identified data breaches as the cyber exposure companies fear most, followed by attacks on critical infrastructure and physical assets with 57%.
Natural catastrophes remain a major concern
Natural catastrophes retain its #3 spot in Asia. The region is heating up faster than the global average, with increased casualties and economic losses from floods, storms, and more severe heatwaves. It is the top risk in Japan, which faced a M7.5 earthquake in the Noto Peninsula that resulted in insured losses of US$3bn, with economic losses reaching US$12bn, as well as in Hong Kong, which experienced its heaviest rain in November 2024 since records began 140 years ago due to Typhoon Haikui.
Globally, Natural catastrophes remain at #3 with 29%, although more respondents also picked this as a top risk year-on-year. For the fifth time in a row in 2024, insured losses surpassed US$100bn. 2024 is expected to have been the hottest year on record. It was also a year of terrible natural catastrophes with extreme hurricanes and storms in North America, devastating floods in Europe and Asia and drought in Africa and South America.
Resources:
- Global media release and top 10 business risks for 2025
- Allianz Risk Barometer methodology and full global and country risk rankings
- Asia media releases for China, Hong Kong, India, Japan, Malaysia, Singapore, South Korea, and Thailand
Hashtag: #Allianz
https://commercial.allianz.com/
financial strength, and network of the world’s #1 insurance brand, as ranked by Interbrand, we work together to help our customers prepare for what’s ahead: They trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services, as well as seamless claims handling. The trade name Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2023, the integrated business of Allianz Commercial generated more than €18 billion gross premium globally.
Media OutReach
Zimbabwe Government Honours its Commitment to Compensate Investors Under Bilateral Investment Protection and Promotion Agreements (BIPPAs)
The payments to farm owners under BIPPA-protection marks a historic milestone and a critical step in Zimbabwe’s Arrears Clearance and Debt Resolution Process
HARARE, ZIMBABWE – EQS Newswire – 8 February 2025 – The Government of the Republic of Zimbabwe is honouring its commitment to compensate investors protected by Bilateral Investment Protection and Promotion Agreements (BIPPAs), whose investments were affected by the Land Reform Programme in 2000. This follows the disbursement of funds from the US$20 million allocated for the compensation of BIPPA-protected farms in the 2024 National Budget.
The payments to farm owners under BIPPA-protection marks a historic milestone and a critical step in Zimbabwe’s Arrears Clearance and Debt Resolution Process.
Providing an update on the payments, the Minister of Finance, Economic Development, and Investment Promotion, Honourable Professor Mthuli Ncube stated, “I am pleased to announce that the compensation process has begun. We believe that this process is crucial for building trust, honouring our commitments, and ensuring consistency with our Constitution as we address Zimbabwe’s debt challenge.”
The payments towards the compensation of investors under BIPPA protection began in the second week of January 2025. Payments are being made to the claimants’ Bank accounts of choice.
Only claimants from countries with BIPPAs signed and ratified before the 2000 Land Reform Programme are eligible for compensation. 94 farms were approved for compensation. The claimants are from Denmark, Germany, the Netherlands, Switzerland and former Yugoslavia.
The Harare-based ambassadors of Germany, the Netherlands and Switzerland jointly welcomed the announcement: “The framework established by the Government of Zimbabwe leading to the full compensation of affected BIPPA farmers protected by Bilateral Investment Promotion and Protection Agreements, is indeed a historic achievement. We commend the Government’s allocation of funds in the National Budget as of 2024 to make the compensation a reality. Several affected investors have received initial payouts, and an emerging sense of closure exists. It marks a significant milestone, and we consider it a very encouraging step towards a comprehensive and fair settlement for farmers and investors in Zimbabwe, be it in terms of financial compensation or land tenure. Now, it is important for the Government to keep this positive momentum.”
The BIPPA farmers are being compensated for land and improvements on the farms in line with Section 295 (2) of the Constitution of Zimbabwe.
The President of the African Development Bank Group and the Champion of the Zimbabwe Arrears Clearance and Debt Resolution, Dr Akinwumi Adesina said, “The compensation demonstrates the Government’s goodwill and commitment to building trust in the process and improving investor confidence in the country. The progress Zimbabwe has made, the commitment and resilience it is showing, calls for support from development partners to facilitate the country’s effort in implementing on going reforms and to provide the much-needed cushion to particularly the vulnerable members of the population.”
The compensation of these investors is one of the key reforms under the Structured Dialogue Platform on the country’s Arrears Clearance and Debt Resolution Process. Zimbabwe aims to clear its arrears, resolve debt, and unlock new concessional external financing to achieve its development goals. The Government established in December 2022, a Structured Dialogue Platform (SDP) with all its creditors and development partners, to institutionalise engagement on economic and governance reforms to underpin the Arrears Clearance and Debt Resolution Process.
The Resolution of BIPPA-protected farms is under the auspices of one of the three Sector Working Groups (SWG) of the country’s Structured Dialogue Platform for Arrears Clearance and Debt Resolution Process. It falls under the Land Tenure Reforms, Compensation for Former Farm Owners, and the Resolution of BIPPAs SWG. This SWG is co-chaired by the Office of the President and Cabinet, Switzerland and the United Nations Development Programme. The other two SWGs are Economic Growth and Stability Reforms, and Governance Reforms.
At the last High-Level SDP Meeting held in Harare on 25 November 2024, His Excellency, Dr Emmerson Dambudzo Mnangagwa, the President of the Republic of Zimbabwe, reiterated the Government’s ownership of the Arrears Clearance and Debt Resolution Process, and his commitment to the implementation of reforms underpinning the Process, in line with the country’s National Development Strategy 1.
The resolution of BIPPAs is also part of the country’s engagement and re-engagement initiatives with the international community.
After disbursing the US$20 million from the 2024 National Budget for BIPPA-protected farms, the remaining US$125.9 million will be paid over four years (2025 to 2028) through annual fiscal allocations. Additionally, the Government has allocated another US$20 million in the 2025 National Budget for this purpose.
Table 1: Approved BIPPA Farms for Compensation
Country | Number of Farms Approved for Compensation | Farmers | Value (US$ millions) |
Denmark | 6 | 5 | 13.4 |
Germany | 14 | 7 | 14.0 |
Netherlands | 46 | 33 | 88.2 |
Switzerland | 27 | 10 | 27.0 |
Former Yugoslavia | 1 | 1 | 3.3 |
Total | 94 | 56 | 145.9 |
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Caption for Images: Sixth High-Level Structured Dialogue Platform on Zimbabwe’s Arrears Clearance and Debt Resolution Process held in the country’s capital, Harare in November 2024
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Video Caption: Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion, Honourable Professor Mthuli Ncube Speaks about Compensation of Investors under Bippa-protection
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Social Media:
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The issuer is solely responsible for the content of this announcement.
Media OutReach
Singapore’s Tolaram Welcomes IFC Investment in Lagos Free Zone to Boost Industrial Growth and Economic Diversification in Nigeria
The investment, aimed at closing key infrastructure gaps to enhance Nigeria’s global competitiveness, will help accelerate the first phase development of the 860-hectare Lagos Free Zone through expanding land development, industrial facilities, and logistics infrastructure. Directly integrated with the Lekki Deep Sea Port, Lagos Free Zone is uniquely positioned to offer an efficient, unified industrial ecosystem that facilitates seamless import and export operations, positioning Nigeria as a critical player in global value chains.
By addressing critical infrastructure bottlenecks and improving connectivity, this investment is expected to open new business opportunities, strengthen Nigeria’s position as a leading regional economic hub, and contribute to the long-term prosperity of the nation.
“Tolaram’s businesses have a long-standing history in Nigeria and are deeply committed to unlocking the country’s economic potential. With the critical investments made in Lagos Free Zone, we are not only tackling infrastructure challenges but also creating a conducive environment for local and international businesses to thrive,” said Navin Nahata, Managing Director for Fintech and Infrastructure at Tolaram.
Adesuwa Ladoja, Managing Director/CEO of Lagos Free Zone Company, added, “IFC’s support represents a significant and positive recognition of our vision to establish Lagos Free Zone as a world-class industrial hub. This investment allows us to scale up the existing infrastructure to attract more foreign and local tenants while promoting sustainability and creating economic opportunities for Nigeria. Lagos Free Zone, integrated with Lekki Deep Sea Port, facilitates ease of doing business in Nigeria and supports the Federal Government of Nigeria’s drive for economic diversification and infrastructure development. We look forward to driving growth and delivering lasting impact through this transformative collaboration with the IFC.”
Lagos Free Zone is already home to several manufacturing brands like Kellogg’s, Dano Milk, Colgate, BASF, ADM, and Tata International as well as Lekki Port – Nigeria’s deepest and most advanced port.
30,000 direct, indirect, and induced jobs are expected to be created when the Lagos Free Zone is fully occupied, delivering long-term economic benefits to Nigeria. With the Nigerian economy projected to grow by 3.7% in 2026, investments of this nature are vital to ensuring the country’s sustained growth and economic resilience.
Dahlia Khalifa, IFC Regional Director for Central Africa and Anglophone West Africa, noted, “This investment reflects IFC’s commitment to fostering inclusive economic growth and sustainable development in Nigeria. Lagos Free Zone is poised to become a transformative hub for industrial activity, driving job creation and enhancing Nigeria’s competitiveness in global markets. We are proud to partner with Lagos Free Zone in building the infrastructure necessary to attract global and local businesses, enabling Nigeria to achieve its full economic potential.”
The investment in Lagos Free Zone also reflects IFC’s commitment to sustainable development, with a focus on green infrastructure. Approximately 15% of the investment is earmarked for climate-related initiatives, including Excellence in Design for Greater Efficiencies (EDGE)- certified buildings and climate-resilient infrastructure.
This investment aligns with Nigeria’s ongoing economic reforms and supports IFC’s broader strategic frameworks, including the World Bank Group’s Nigeria Country Partnership Framework (2021–2025) and its 2015 Climate Action Plan, both prioritising economic diversification, the development of competitive business clusters, and investments in climate-resilient infrastructure.
Hashtag: #Tolaram #LagosFreeZone #LekkiPort #IFC
The issuer is solely responsible for the content of this announcement.
About Tolaram
Tolaram is a family-owned business, headquartered in Singapore, focused on investing in emerging market opportunities and building brands that drive economic growth. Since its founding in 1948, Tolaram has evolved from a single retail shop into a diversified global business with interests spanning consumer goods, fintech, infrastructure, and industrial sectors in Africa, Asia, and Europe.
Across Africa, Tolaram has established a significant presence through its consumer business. Through partnerships with global corporations such as Indofood, Arla Foods, Kellanova, Colgate-Palmolive, and Diageo, Tolaram manufactures and distributes a wide range of products, making it one of the continent’s largest consumer goods enterprises. Tolaram also owns and operates Nigeria’s first wholly owned private free trade zone with a deep seaport.
Tolaram also owns and operates a digital bank and an insurtech business in Indonesia as well as an integrated paper mill in Estonia.
Media OutReach
Make the Moment: The 2025 OnePlus Photography Awards Calling for Creativity Worldwide

Entries for the 2025 OnePlus Photography Awards are now open, celebrating mobile photography with global rewards and recognition
SHENZHEN, CHINA – Media OutReach Newswire – 7 February 2025 – Global technology brand OnePlus announced the launch of the 2025 OnePlus Photography Awards (OPA), now in its fifth year. From February 7 to June 30, 2025, mobile photography enthusiasts worldwide are invited to showcase their creativity and passion for photography under the theme “Make the Moment,” inspired by the iconic first moon landing captured by Hasselblad. This year’s awards continue to elevate the art of mobile photography and the innovation of mobile cameras.
“Make the Moment”: Showcasing Creativity Across Movement, Night, and Portrait
The 2025 theme, “Make the Moment,” celebrates the fleeting beauty of everyday life, turning it into timeless works of art. Participants can submit entries across three categories: Movement, Night and Low Light, and Faces.
“At OnePlus, we believe in empowering our users to create and share memorable moments with their phone cameras,” said Emily Dai, Head of Global Brand and Marketing at OnePlus. “The 2025 OnePlus Photography Awards are a testament to the endless possibilities of mobile photography and the global creativity it inspires. Together, we’re building a gallery of stories and emotions that transcend borders and connect us all.”
The “Movement” category invites photographers to capture the essence of motion, from the energy of speed and adventure to the subtle moments of everyday life. The “Night and Low Light” category showcases the magic of the world after dark, highlighting vibrant cityscapes, starlit skies, and dynamic low-light scenes. Lastly, the “Faces” category invites participants to capture the emotions and stories behind every face, from joyful smiles to heartfelt moments, turning portraits into powerful expressions of life.
“Winning the 2024 OnePlus Photography Awards has been a massive milestone. It’s not just recognition but also a reminder to keep pushing my creative boundaries. It’s motivated me to explore new ideas and stay curious,” said Harisanker Sasikumar, Category Winner of OPA 2024. “To everyone participating in the 2025 OnePlus Photography Awards, good luck. Embrace your unique vision, keep experimenting, and most importantly, have fun with it.”
Open to All: Global Recognition and Generous Rewards
This year, OPA is open to all smartphone users, celebrating creativity with inclusivity and generous rewards. The competition includes two groups: the OnePlus Group, exclusive to OnePlus users, and the Public Group, accessible to all smartphone users worldwide. The judging panel, featuring OnePlus founder Pete Lau, Hasselblad ambassadors, and renowned photographers, ensures diverse and fair evaluations.
The top winner will receive $10,000, while all winners will be awarded the flagship OnePlus 13 and potential collaboration opportunities with OnePlus. Additionally, winning entries and photographers’ stories will be showcased on global platforms like OnePlus and 500px, offering participants worldwide exposure and community engagement.
OnePlus 13: The Ultimate Phone to Make Your Moments
Continuing its partnership with Hasselblad, the OnePlus 13 introduces significant upgrades in mobile photography, empowering photographers of all levels to capture moments like never before.
With its flagship triple-camera system, the OnePlus 13 ensures unparalleled versatility, clarity, and image quality. Innovative features, such as the Dual Exposure Algorithm for dynamic, fast-moving scenes, Night Mode for vibrant low-light shots, and Portrait Mode for stunning, professional-quality portraits, make it the perfect tool for capturing Movement, Night, and Faces. Whether you’re photographing a playful pet, a bustling cityscape, or a beautiful portrait, the OnePlus 13 adapts to your creative needs, transforming ordinary moments into extraordinary works of art.

Entries are now open. Visit www.oneplus.com/photography-awards-2025 to submit your stories through the lens and join the global community to celebrate the creativity and innovation in mobile photography.
Hashtag: #OnePlus #OnePlusPhotoAwards #ShotonOnePlus
The issuer is solely responsible for the content of this announcement.
About OnePlus
OnePlus is a global mobile technology brand that challenges conventional concepts of technology. Founded on the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing alongside its community of users and fans.
For more information, please visit OnePlus.com or follow us on:
Instagram – https://instagram.com/oneplus
Facebook – https://facebook.com/oneplus
Twitter – https://twitter.com/oneplus
LinkedIn – https://linkedin.com/company/oneplus
YouTube – https://youtube.com/@oneplustech
TikTok – https://tiktok.com/@oneplus
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