Thursday, June 24, 2021

Brexit and the ASEAN Economy

On 31 January 2020, at 11pm London time, the United Kingdom formally departed the European Union. This comes after years of negotiations with the EU and the UK Parliament, hammering out a deal upon which terms the UK will depart the EU after 47 years of membership. Since June 2016,...
Macrokiosk allocates RM3 million subsidy to empower Malaysian SMEs with digital solutions
Kula Lumpur, 22 July 2020- In line with the group’s efforts to drive the nation’s economic recovery through the digitalisation of businesses, MACROKIOSK, a leading digital technology company in Asia, has allocated up to RM3 million subsidy to help Malaysian small and medium enterprises (SMEs) to embrace digitalisation. This initiative...
Standard Chartered announced its commitment towards gender parity, in conjunction with Labour Day. Through a set of initiatives, the bank has pledged to have 30% female representation in senior leadership roles by 2020 globally. To achieve this, the Bank has, among others, launched a Global Women’s Network, and committed to fair...
Southeast Asia’s largest P2P lending platform completes largest funding round in Southeast Asia. Leading peer-to-peer (P2P) financing platform in Malaysia, Funding Societies, has raised RM100 million in Series B funding. The funding round was led by Softbank Ventures Korea. Other participating organisations include existing investors, Sequoia India, Alpha JWC Ventures (Indonesia) and...
With the economic disruption caused by the Covid-19 pandemic and subsequent lockdowns, continuous growth and expansion might be the last thing on the minds of companies and business owners. However, the truth is often surprising. Rather than hunkering down until the economic crisis blows over, four in five financial...
Zhang Yiming built ByteDance Ltd into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba. The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on...
The Fourth Industrial Revolution did not end with the Covid-19 pandemic. Rather, the coronavirus has merely accelerated it. Digital adoption and transformation rates skyrocketed as businesses, especially SMEs, scrambled to adapt to the changing economic landscape. Above all else, it was Singapore’s SMEs that digitalised their businesses and leveraged data...
Recent research by Epson found that among six ASEAN member countries surveyed, three out of four reported that they have embarked on the digital transformation journey. One in five of these respondents said they have incorporated digital transformation into several departments and business activities. While generally, SMEs are fully...
SINGAPORE / KUALA LUMPUR, MALAYSIA - Media OutReach - 30 July 2020 - Singapore's Fintech technology provider, Hashstacs Pte Ltd ("STACS"), today announced that it has partnered with Bursa Malaysia Berhad ("Bursa Malaysia") on a Blockchain Proof-of-Concept ("POC") project dubbed "Project Harbour" for its Bonds marketplace. ...
The Association of Chartered Certified Accountants (ACCA) has recently released a report that shines a spotlight on the performance and viability of smaller businesses as the COVID-19 pandemic continues to ravage the global economy. The report titled Covid-19 global survey: inside business, impacts and responses, shows the severity of the...
2020 has been a year of hardship and perseverance. The Covid-19 pandemic has devastated the global economy, leaving many feeling downtrodden and disappointed. However, not everyone is willing to just sit down and take it. In fact, many Singaporeans are going out of their way to pre-order Christmas trees...
In a previous post, SME Magazine was able to secure an interview with Craig Dixon, Co-Founder of Accelerating Asia, regarding the increasing viability of the Southeast Asian region as a venture capital hub. While the SEA region is definitely picking up steam as a hotbed for startups and investment,...

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