Sunday, September 26, 2021
It is well-known that when we talk about financial technology (fintech) development in Asia-Pacific, the focus usually shifts on China or even India to some extent. These large economies tends to overshadow Southeast Asia potential. But, it might not be the case for long. Southeast Asia is emerging as an...
Fintech and e-commerce companies in Southeast Asia are raising hefty amounts of capital as global investors bet on post-pandemic technology plays, bankers and investors said, a trend that is also stoking concerns about frothy valuations. Public equity capital raising by Southeast Asian firms has surged to a four-year high of...
Malaysia's local businesses remain pessimistic for their business condition in the third quarter of the year (3Q21) amid Covid resurgence nationwide. The Department of Statistics Malaysia (DOSM) said in its Business Tendency Report that the confidence indicator further dipped to -21.3 per cent in the reference quarter as against -3.1...
AirAsia has expanded into the ride-hailing market in Malaysia with the launch of AirAsia Ride, the group’s newest offering under its super app. Services are currently available in the Klang Valley, with expansion to more cities in Malaysia planned throughout the year. The AirAsia Ride e-hailing service can be booked...
The growth of Malaysian semiconductor industry has been impressive. Just like its Asian neighbors, Malaysia successfully built itself up as an attractive location for foreign direct investment (FDI). It leveraged that to make a place of its own in the semiconductor industry. But that industry has found itself sort of...
WeWork, a global space provider, has launched WeWork Growth Campus, a new initiative aimed at boosting Southeast Asia’s entrepreneurial startup ecosystem. While Southeast Asia has seen some scale-ups rise to new heights during the pandemic, COVID-19 has presented a huge challenge for startups and the community that supports them. With...
Malaysia’s Prime Minister Muhyiddin Yassin resigned on Monday (Aug 16) after weeks of turmoil in his government, ending a 17-month stint in power in which his legitimacy came under constant scrutiny and amid seething public anger over his handling of the Covid-19 crisis. The 74-year-old’s departure was expected, after a key...
Malaysia lowered its 2021 economic growth forecast for a second time, as renewed movement restrictions and rising infections hamper the recovery. Gross domestic product is expected to expand 3%-4% this year, the Central Bank of Malaysia said on Friday (Aug 13), down from an earlier estimate of 6%-7.5% growth. Malaysia’s economy shrank 2% in the...
As Philippines struggles with elevated Covid cases, the Philippine central bank is expected to keep its benchmark interest rate at a record low on Thursday (Aug 12). According to analysts surveyed by Bloomberg, key rates will be left unchanged at 2%. The central bank has also pledged to keep policy...
A report by the Wall Street Journal on Monday (Aug 2) claims that the highly contagious Delta variant is stalling Asia's economic recovery after an early rebound. The report said that adding to rising COVID-19 cases, slow progress on vaccinations has begun to paralyze the region that had, until recently,...
Huawei announced its plan to invest US$100 million in startup support at the inaugural HUAWEI CLOUD Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup...
Entrepreneurs - Is This The Right Time To Start A Business
At the moment with the never ending sight of the pandemic waning away, obviously there's a high degree of uncertainty in the world. For some though, in this unprecedented time, it's the perfect opportunity to start a business. Historically, after every financial crisis, innovation and creativity tends to spark new...

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