Sunday, May 9, 2021
Buoyed by enormous hype and appearances from tech celebrities Elon Musk and Mark Zuckerberg, audio-based social network Clubhouse has enjoyed explosive growth. However, it is attracting increasing scrutiny over how the app will handle problematic content – including hate speech, harassment, and misinformation. Moderating real-time discussion is a challenge for...
For two decades, global news outlets have complained internet companies are getting rich at their expense, selling advertising linked to their reports without sharing revenue. Now, Australia is joining France and other governments in pushing Google, Facebook and other internet giants to pay. That might channel more money to a...
Elements LAIfestyle Group (ELG) is a dynamic hospitality and entertainment company headquartered in Saigon. The name Elements LAIfestyle Group (ELG) represents what inspires us and ignites our passion: the importance of maintaining impeccable service, creating festive joyousness, and exploring new boundaries. Launched in 2017, ELG’s aim is to redefine and...
GDP figures released by the OECD show that the COVID-19 pandemic is having a continuing effect on economies around the world. Recent Q4 figures show that China was the first (and only) economy that bounced back from its coronavirus losses, recording a year-over-year growth of 6.5 percent in Q4 of...
As the COVID-19 vaccination program rolls on, many employers will have a strong case for requiring employee vaccinations. Currently, countries that have COVID-19 vaccination programs are on a voluntary basis - that is, countries cannot compel their citizens to be vaccinated. They can only 'strongly encourage' them. But can employers...
Popular bars across Asia are facing some tough times during the Covid-19 pandemic. Lockdowns and restrictions that have been instated by governments are squeezing alcohol sellers. Fewer drinkers, changing consumer tastes, tightening restrictions on alcohol and the pandemic is a sober reality for the industry. But companies have the chance...
Demand for cars and vehicles are on track to a great recovery as demand is rising across the industry. However, not everything is as sunny as it seems on the surface. Reports have been coming in from various parts of the auto industry regarding huge shortages in computer chips, which...
E-commerce platform, Lazada Malaysia, has channelled approximately RM44 million with the goal of helping more than 70,000 SMEs through its second stimulus package; dubbed Pakej Kedai Pintar 2.0. Lazada’s first stimulus package was implemented in April 2020, contributing RM10 million to help up to 50,000 SMEs. This new package is...

APAC on the Road to Recovery

The economic situation in Asia Pacific (APAC) is expected to improve greatly this year, supported by the gradual recovery of economic activities, given the early containment of the pandemic in several Asian economies, said Moody’s Investors Service. With the region being relatively close to ground-zero for the coronavirus, neighbouring...
Malaysian Prime Minister Muhyiddin Yassin has just announced a new economic aid package worth up to RM15 billion (US$3.7 billion) on 18 January in an effort to mitigate the effects of a resurgent Covid-19 pandemic. The package was revealed in a televised address and is known as PERMAI, or the...
Chinese companies are making waves in global earnings. Chinese companies involved in electric vehicles, healthcare, and e-commerce, in particular were among the world’s 500 most valuable non-state-controlled companies last year, in terms of both market value and numbers, according to Shanghai-based Hurun Research Institute. Led by Tencent Holdings and Alibaba...
Recently, NIO, a Chinese automobile manufacturer, has launched a mass production electric car with what could be the world’s farthest driving range, as it ups the ante with Tesla for customers in the largest market for new-energy vehicles on the planet. The competition is truly heating up now in China’s...

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