SOUTH-EAST Asian banking players should ramp up digitalisation during the coronavirus pandemic – but they’ll have to be pickier about clientele, too. Despite the appeal of capturing under-banked populations in emerging markets, Fitch Ratings warned that both digital-only players and incumbents may have to hone their targeting as “these segments are likely to be the […]
Read MoreThe world of work is changing faster than ever, and machine intelligence is at the centre of this change. Most recently, artificial intelligence (AI) has played a leading role in the fight against Covid-19. Scientists have used AI to help predict future outbreak zones, sift through research, and even run simulations on drugs to determine […]
Read MoreMANILA, Philippines — Emerging Asia economies are likely to recover faster from the pandemic compared with other regions in the world, said London-based think tank Capital Economics. In a new report, the research firm said while most economies in the region would contract by 10 to 20 percent in the first half of the year, […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Uber will be moving its Asia-Pacific headquarters out of Singapore in the next 12 months as the Covid-19 outbreak continues to rattle its business. The Asia-Pacific hub will be relocated to another place in the region. The US-based firm will also lay off about 3,000 more people globally and stop some of […]
Read MoreTHE oncoming rise in unemployment will dwarf that during the global financial crisis (GFC) said ANZ Research in a report on Friday, adding that it is unlikely to revert to pre-COVID-19 levels even after activity starts to normalise. In particular, the unemployment situation could be more severe in economies with large informal sectors such as Indonesia and […]
Read MoreLong before we learnt about the coronavirus, digital money had already been gaining currency with consumers, small businesses and large institutions in recent years as it facilitates transactions in a fast-changing world driven by the forces of globalisation, urbanisation and digitisation. Closer to home, the adoption of digital payments has been particularly rapid in ASEAN due to the […]
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Thailand
