Wednesday, July 15, 2020
In an effort to assist small businesses that have been decimated by the coronavirus pandemic, American Express launched a new set of credits across almost all of its US personal and business cards to reward customers who shop at small businesses. American Express card members will receive a $5 credit...
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...
World Bank: Malaysia can be high-income nation within 10 years The World Bank said that Malaysia could graduate from being a middle-income nation to a high-income country within 10 years’, but would need to carry out six major reforms, including by creating high-paying jobs and having more women join the...
The World Bank and the International Monetary Fund (IMF) has revised their economic forecasts for Malaysia to account for a larger year-on-year contraction than previously estimated.The World Bank said in its June 2020 Malaysia Economic Monitor that Malaysia’s economy, as measured by gross domestic product (GDP), is...
Britain’s Financial Services Minister, John Glen said some banks will cut office space in London’s financial district as they “reset” their operations following the Covid-19 pandemic. The bulk of staff at banks have been working from home since Britain introduced a lockdown in March to fight the pandemic. It...
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the country’s debt level could hit the statutory limit of 55 per cent of gross domestic product at the end of the year from 52 per cent currently following the implementaion of measures to save lives, protect livelihoods and stimulate...
Singapore Prime Minister Lee Hsien Loong has called General Election 2020 to "clear the decks" for a fresh mandate for the Government. In a televised address to the nation, Mr Lee said that an election now will give the new Government a fresh five-year mandate to focus...
More than 500 small and medium-sized enterprises (“SMEs”) in Singapore have gained access to new overseas markets digitally, through digital platforms under the Grow Digital initiative. Sales by Singapore companies to overseas buyers using the platforms have been brisk, growing by at least 10 per cent month-on-month...
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...
SME Bank is implementing several initiatives as part of its digital transformation programme, in line with the government's economic stimulus packages to help small- and medium-scale enterprises (SMEs) weather the Covid-19 crisis. They include up to RM2.1 billion in funds allocated for the SME Go scheme and...
E-commerce player Lazada Malaysia and TNG Digital Sdn Bhd have introduced a RM6 million incentive programme named #KitaBantuKita to stimulate the country’s economy post-COVID-19 and protect over 320,000 small and medium enterprises (SMEs) and netpreneurs. Lazada chief executive officer (CEO) Leo Chow said the digital economy will be a critical factor...
The Malaysian Investment Development Authority (MIDA) said Malaysia remains competitive amid the COVID-19 pandemic and is moving ahead as one of the top global manufacturing nations through the adoption of Industry 4.0 technologies. MIDA’s chief executive officer Datuk Azman Mahmud said the country’s diversified economic structure and continuous support from...

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