Retail Group Malaysia cuts the industry’s annual growth rate projection to 2.7% from 4.8% previously. PETALING JAYA: Retail Group Malaysia (RGM) has lowered its projection for the annual growth rate of the local retail industry to 2.7%, based on a disappointing sales performance in the second quarter of 2023 (Q2 2023). It had previously estimatedRead more
This is due to the cross-border interoperability within countries in the region. The volume of QR code payments in Southeast Asia is expected to skyrocket by 590% in 2028 to reach 90 billion from 13 billion in 2023, a report by Juniper Research found. The significant increase in the region and other developing markets isRead more
Global sweetness and flavour innovator, Sweegen has announced its Bestevia Rebaudiosides M (Reb M), D, and E have received full authorisation from the Taiwan Food and Drug Administration (FDA) for use in food and beverages. According to a statement, this recent regulatory approval marks another milestone in Sweegen successfully opening new markets in countries where brands seek newRead more
KUALA LUMPUR: Bursa Malaysia ended higher today in sync with regional bourses’ upbeat performance as market sentiment turned positive and fuelled investors’ risk appetite. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.49 points to end at the intraday high of 1,463.43 from 1,451.94 at Wednesday’s close. The barometer index opened 9.97Read more
Human use computer to control the robot arms working in procuction convoyed in the smart factory industry 4.0, high tech machinery, isolated flat illustration In the years since the pandemic first rocked global supply chains, retailers have rushed to reduce their reliance on certain countries for manufacturing. In early 2020, that country was China, aRead more
BALI (Indonesia), Aug 24 — Businesses are strongly encouraged to adopt artificial intelligence (AI) for their operations as it would enhance cybersecurity measures to protect their organisation, said Kaspersky APAC managing director Adrian Hia. Citing a report from the International Market Analysis Research and Consulting Group, Hia said the Asia Pacific (Apac) AI market sizeRead more
Malaysia can be the “Digital Tiger” of Asia once it achieves key components to boost its digital strength and economy. STR/HAZREEN MOHAMAD KUALA LUMPUR: Malaysia can be the “Digital Tiger” of Asia once it achieves key components to boost its digital strength and economy. Communications and Digital Minister Fahmi Fadzil said the government has toRead more
Industry leaders want broader adoption of emerging technologies, but concerns over budget and finding business value stand in their way. A person holding a package typing on a computer. Nearly one-third of retail leaders struggle to show the business value of emerging tech, which further hinders adoption Phiromya Intawongpan via Getty Images Brief: Budget restrictionsRead more
CelcomDigi Bhd has delivered steady performance in the first six months of 2023 (1H 2023) after its merger in late 2022 driven by focused execution of plans and strategies. It recorded a 0.3 per cent service revenue growth of RM5.41 billion in 1H FY2023 with strong subscriber additions of over 391,000 to 20.48 million, fueled by its value propositions, chief executive officer Datuk IdhamRead more
Phasecraft Ltd said it’s working to develop proof-of-concept products for the UK government, but declined to name the agency. It said it would use the new funding to research software that runs on future quantum processors and speed up the study and discovery of components for use in electric batteries and solar panels. — Image byRead more
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