BENGALURU (REUTERS) – Malaysian budget airline AirAsia Group said its digital units have acquired two Thai technology businesses from Indonesian ride-hailing and payments firm Gojek for US$50 million ($67.4 million), according to a stock exchange filing on Wednesday (July 7). The acquisition involved 100 per cent of the equity interest in Velox Technology for US$40 million […]
Read MorePETALING JAYA: The key benchmark interest rate, which is at an all time low of 1.75%, is expected to be maintained when Bank Negara convenes its Monetary Policy Committee (MPC) meeting tomorrow. After a cumulative 125 basis points cut in the overnight policy rate (OPR) last year to fuel economic growth, economists agree that the […]
Read MoreBUTTERWORTH (Bernama): Certain sectors of business and services in Penang allowed to resume operations after the state transitioned to Phase Two of the National Recovery Plan (NRP) on Wednesday (July 7) were relieved and grateful to be able to do so. Their eagerness is unsurprising as they have not been able to operate since the […]
Read MoreKUALA LUMPUR: The micro and small and medium enterprises (MSME), which account for 40% of the country’s GDP, is on the brink of collapse if the restrictions on business operations continue indefinitely. The Ministry of Entrepreneur Development and Cooperatives (MEDAC) said on Wednesday its recent survey estimated 580,000 businesses, or 49% of the MSME sector, […]
Read MoreKUALA LUMPUR: Keeping unemployment low by helping small and medium enterprises (SMEs) retain their workers through wage subsidies and loan moratoriums during the pandemic is the first line of defence in helping households, Asia Analytica said. The research and institutional services said the sector formed the backbone of the economy and generate substantial employment. It […]
Read MoreKUALA LUMPUR: Malaysia is primed to be a major beneficiary of European and UK investments but greater adoption of trade, sustainability, technology and digital trends and reform is required to convert this potential into reality. Speaking at the HSBC European Union (EU) & UK – Asean virtual client roadshow, HSBC Malaysia CEO Stuart Milne (pic) […]
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Thailand
