Business Times Singapore

[Siti Baizura Yunus, BCP/BCM practice leader for Asia] also noted that Asia is still relatively new to the BCM scene, with many companies still not recognising the need to integrate business continuity planning into their operations — and that the SGX's move would help to encourage this practice.

'The SGX's suggestions are also in line with best practices in other developed markets, such as the US, UK and Australia and will help to bring the local marketplace up to these standards. It's good that they have chosen to take a leaf from best practices in these markets, instead of reinventing the wheel,' she adds.

She points out that maintaining a BCP will add a cost to business — with the exact amount varying depending on the sort of plan each company adopts. However, she's quick to add that this 'cost' will result in many benefits to businesses, as it helps companies to better manage and focus their resources.