Tuesday, October 27, 2020
Even the most stubborn and traditional businesses are being forced to consider their digital options as COVID-19 continues to turn the global economy on its head. Companies in Japan and Singapore in particular are looking to beef up their digital talent as they move their operations online. Even before the...
The Organisation for Economic Co-operation and Development (OECD) said the global economic slump will not be as sharp as previously feared this year. The Paris-based institution said that the world economy will shrink 4.5 per cent this year, less than the 6 per cent forecast in June, upgrading its...
AstraZeneca puts leading COVID-19 vaccine trial on hold over safety concern Pharmaceutical company AstraZeneca said it has paused global trials, including large late-stage trials, of its experimental coronavirus vaccine because of an unexplained illness in a study participant. The vaccine, developed with the University of Oxford, has been widely seen...
The Council of Palm Oil Producing Countries (CPOPC) said Malaysia’s palm oil industry may see a full recovery in the fourth quarter of this year if the Covid-19 pandemic is manageable and contained. The council also believed that there is a possibility of a rebound in the...
With the dawn of Industrial Revolution 4.0, SMEs and startups began to see the massive benefits of digitalisation and haven since made moves to shift their business towards digital transformation. The onset of the COVID-19 pandemic served to only accelerate the process as consumers and client expectations changed. However,...
Demand for international travel to sink 80 per cent this year as coronavirus pandemic crushes tourism, says Euromonitor Demand for international travel could fall by as much as 80 per cent this year, and recovery to pre-crisis levels could be stretched into 2023 if the global economy sinks...
China has formally adopted a controversial security law, giving it new powers over Hong Kong. It is set to criminalise secession, subversion and collusion with foreign forces, but will also effectively curtail protests and freedom of speech. China's state news agency, Xinhua, confirmed that President Xi Jinping...
Starbucks has announced it will suspend advertising on some social media platforms in response to hate speech. The coffee giant joins global brands including Coca-Cola, Diageo and Unilever which have recently removed advertising from social platforms.A Starbucks spokesperson told the BBC the social media "pause" would not...

Thank You Is Not Enough

By Lim Kee Yeong “Thank you, please come again.” A courtesy in business commonly expressed upon completing a sale. This is undoubtedly a satisfying moment to any entrepreneur; what comes next is to search for or serve another customer and the process repeats itself. Depending on the nature of business...
Apple announces new CarKey system that allows users to unlock their cars with iPhones Apple on Monday announced a new system that lets users share digital car keys with friends and family members via the company's iMessage system, which will work with BMW 5 Series vehicles. The system will work...
The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to movies in a shift that looks set to become a permanent habit after the pandemic passes. E-commerce...
British drugmaker AstraZeneca Plc said it has signed a contract with Italy, Germany, France and the Netherlands to supply Europe with a vaccine against the coronavirus, with deliveries starting by the end of 2020. The contract is for up to 400 million doses of the vaccine, developed by the...