KUALA LUMPUR: Malaysia’s economy contracted at a smaller pace of 2.7% in the third quarter ended Sept 30,2020 compared with the 17.1% plunge in the second quarter, underpinned by the recovery in the manufacturing sector. The Statistics Department said on Friday the economic performance during this pandemic period was also measured on the monthly basis […]
Read MoreMANILA, Philippines — Fraudsters are taking advantage of the surge in electronic commerce transactions amid the COVID-19 pandemic, according to FICO, a Silicon Valley-based analytics software firm. Subhashish Bose, FICO head for fraud, security and compliance in Asia Pacific, said fraud challenges are intensifying as e-commerce sales are predicted to jump by at least 20 […]
Read More10 ASEAN member states are on the cusp of a tremendous leap forward in socio-economic progress and their growth will be propelled by four mega-forces, including favourable demographics, rising income levels, geopolitical shifts and digital tailwinds. The World Economic Forum (WEF) has identified rising income levels to be a driving force for the future of consumption in […]
Read MoreFifteen Asia-Pacific nations including China aim to clinch the world’s largest free-trade agreement this weekend, the culmination of Beijing’s decade-long quest for greater economic integration with a region that encompasses nearly a third of the global gross domestic product. The Regional Comprehensive Economic Partnership (RCEP), which includes 10 Asean members including Thailand and countries stretching […]
Read MoreDHL Express will invest some 690 million euros (S$1.1 billion) over the next two years to build new facilities or expand existing ones in its key growth markets of Australia, Japan, Hong Kong and South Korea. It also plans to spend close to 60 million euros to bolster its Asia-Pacific air network, such as by […]
Read More[SINGAPORE] Businesses in the heartlands are likely to see continued increases in revenue, as consumer spending has shifted from the city to the suburbs. So long as work-from-home arrangements and safe distancing measures persist, this trend will likely continue, said researchers at the Asia Competitiveness Institute (ACI), a local think tank in the Lee Kuan […]
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Thailand
