Wednesday, January 29, 2020
Amazon CEO Jeff Bezos is no longer the world's richest person after his net worth slid by US$760 million to US$115.6 billion as Amazon shares dipped 0.7 percent. The drop may only be a tiny percentage of his net worth, but it was enough to see LVMH chief executive Bernard...
National carrier Malaysia Airlines Berhad (MAB) is expected to run at a loss and will need up to RM21 billion for it to stay afloat until 2025 unless it can make a turnaround or find a strategic partner. Business paper Focus Malaysia reported that the RM21 billion financing is...
Ride-hailing group Grab, gaming firm Razer, AirAsia, telecoms firm Axiata and lender CIMB are among companies looking to apply for digital banking licences in Malaysia, sources told Reuters. Some of these companies have begun talking to consultancies as they explore a possible foray into digital banking, said the people...
Days after the United States and China signed a deal that de-escalates months of back-and-forth trade retaliation, a survey of logistics executives shows that the supply chain industry continues to see a U.S.-China trade war as the top threat to global growth. In a poll conducted this month by Agility...
Thailand’s economy has had an uncertain outlook ever since the trade war between the US and China began. Add to this a delay in state spending and one can begin to see why analysts are concerned. As such, due to the delays in both public and private investments, the Deputy...
Effective 1 February 2020, Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) will start to accept applications to provide Government guarantee schemes to Malaysian SMEs. The schemes were launched by Finance Minister Lim Guan Eng at an event on 21 January 2020 at Shangri-La Hotel, Kuala Lumpur. The Government guarantee schemes will...
Businesses and organisations around the world are all going digital. This is a natural evolution as digitisation brings with it incredible benefits that can increase efficiency and save time. However, such convenience does come at some risk. Cyber crime is a very real threat and many organisations are still...
Proton Holdings targets to sell at least 132,000 units of vehicles in 2020, up from 100,821 units in 2019. Chief executive officer Dr Li Chunrong said the target would be bolstered by at least two new model launches, growing export markets and adding more 3S and 4S centres this...
13 Southeast Asian Startups Received Accolades at the ASEAN Rice Bowl Startup Awards The ASEAN Rice Bowl Startup Awards (Rice Bowl) has returned for another year of celebrating excellent startups within the ASEAN region. 13 leading ASEAN startups were named category winners at the 5th ASEAN Rice Bowl Startup Awards...
The Asia Pacific Economic Cooperation (APEC) zone is home to an uncountable number of SMEs. Said SMEs play a pivotal role on the Pacific region as engines for growth and innovation. By the end of 2019, up to 97 percent of all businesses and employed workers across the APEC...
Easing export headwinds, policy support, Southeast Asia outperformance and consumption the main positives Excessive stimulus, volatile US policy and financial risks, particularly from quantitative easing, the most prominent threats Autos, aviation and electronics look well placed for a recovery Taiwan and Vietnam expected to outperform other regional economies The...
We have entered a new decade and things are not looking bright for businesses. ADA (part of the Axiata Group) spoke to decision makers and the consensus is grim – over 76% of marketers say they will struggle with sluggish consumer growth. ADA has released a thought leadership piece...

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