Thursday, June 24, 2021
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...
Malaysia has done relatively well in containing the spread of the Covid-19 coronavirus. However, a recent surge in cases has brought with it new concerns. It is now very much a possibility that the country may see a return of the strict movement control order (MCO) lockdown which caused...
The Covid-19 pandemic brought with it economic ruin; and in turn, businesses began taking a more cautious approach, resulting in a slowing economy and stagnant growth. During such a poor economic climate, most might say it is insanity to try and expand, especially if you are an SME that...
Telehealth services and its operators, which allow patients to consult with medical staff and professionals virtually, are riding a huge surge in demand within the ASEAN nations as the Covid-19 pandemic continues to push the healthcare sector online. In countries such as Thailand, Indonesia, and Singapore, telehealth services has seen...
Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, an insider told Reuters. Project Titan, the iPhone maker’s automotive project, has treaded a rocky road since 2014 when it first started to design its...
The Malaysia Convention and Exhibition Bureau (MyCEB) has said that it is currently in the midst of devising a proposal to reopen the country’s borders to delegations coming for business events from neighbouring countries. In a bid to stimulate and revitalise the business events industry and economy, it said the...
As we approach the finishing line of 2020, it is becoming more apparent who the biggest winners and losers are within the business world. Despite everything which has happened, certain unexpected industries have come out on top, while many other obvious choices have been hit hard. IBIS, an industry research...

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