AirAsia Group announced on Thursday that it is building a super app off its existing mobile application and website to provide services such as e-commerce, delivery and payments. The app is to be available next month in Thailand and Asean. AirAsia chief executive Tony Fernandes said the idea to build a super app came before […]
Read MoreKUALA LUMPUR: Malaysia received RM64.8bil worth of investments in the manufacturing, services and primary sectors for the first six months of the year despite multiple headwinds on the global front. The Malaysian Investment Development Authority (Mida) said the investments involved 1,725 projects, creating 37,110 jobs locally. “Of the total investments approved, domestic direct investments accounted […]
Read MoreMANILA, Philippines — Consumer and business sentiments slumped to their lowest levels in the third quarter as the country slipped into recession due to the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) said yesterday. In a virtual press conference, BSP Governor Benjamin Diokno said the results of the Consumer Expectations Survey (CES) and Business […]
Read MoreThailand’s digital industry value is expected to climb 1.2% to 655.6 billion baht this year and surge 12.9% in 2021, driven by digital transformation, 5G tech and the adoption of artificial intelligence and the Internet of Things (IoT), says the Digital Economy Promotion Agency (Depa). Depa, in partnership with the IMC Institute, conducted a 2017-19 […]
Read MoreThe Asian Development Bank (ADB) has revised its 2020 growth forecast, predicting Cambodia’s economy will contract 4 percent, from its previous prediction of a 5.4 percent contraction in June, because of improved agricultural performance and increased volume of non-garment manufacturing. It added that it expects the local economy to rebound to grow 5.9 percent in […]
Read MoreIndonesian peer-to-peer (P2P) fintech firms have reported an increase in bad loans to 7.99 percent in July as many borrowers have lost their sources of income due to the COVID-19 crisis, the Indonesian Fintech Lenders Association (AFPI) has stated. The proportion of defaulted loan after 90 days has continuously worsened since March, when it stood […]
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