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KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to tap into the growth potential of both economies, its top executive told Reuters. “We cannot ignore India,” Group Chief Executive Officer Jeffri Salim Davidson toldRead more

KUALA LUMPUR (Nov 29): Malaysia’s e-commerce income grew by 5.4% year-on-year (y-o-y) in the third quarter of 2023 (3Q2023) to RM289.5 billion from RM274.6 million in the same quarter last year, said the Department of Statistics Malaysia (DOSM). This growth was primarily driven by the manufacturing and services sectors, said the department in its Malaysia Digital Economy 2023 reportRead more

KUALA LUMPUR (Nov 16): The initial public offering (IPO) market in Malaysia is expected to remain robust in 2024, supported by a strong pipeline of offerings and healthy institutional and retail investors’ appetites for companies with good growth propositions, particularly those in the consumer and tech or tech-related industries, according to Deloitte Malaysia. Deloitte MalaysiaRead more

KUALA LUMPUR: Malaysia’s DuitNow and Singapore’s PayNow have now been connected with real-time payment systems linkage, owing to the collaborative efforts of Bank Negara and the Monetary Authority of Singapore (MAS), as well as the countries’ payment system operators and participating institutions. The DuitNow-PayNow linkage enables instant, secure and cost-effective P2P fund transfers and remittancesRead more

Indonesia has banned e-commerce transactions on social media platforms, in an attempt to protect small businesses from unbridled e-commerce competition. Indonesia has banned e-commerce transactions on social media platforms, in an attempt to protect small businesses from unbridled e-commerce competition. The Indonesian government said the move, is aimed at protecting offline merchants and marketplaces. TheyRead more

(With) enough GPUs & electricity, you have the ability to make unlimited amounts of talent Organisations failing to address AI anxiety could face up to 20% higher rates of turnover Research and advisory firm, Gartner, has released new predictions spotlighting the role of Artificial Intelligence (AI) and how it will change the workplace and society overRead more

Artificial intelligence (AI) has the potential to give a similar boost to workforce productivity growth as the information and communication technology (ICT) revolution in the late 1990s. But a range of factors will determine which countries can reap the most benefits. The extent of productivity gains will depend on the development of complementary innovations to harness the powerRead more

Cambodia signed an eWTP agreement with Alibaba on Wednesday to enhance collaboration in e-commerce, cloud computing, digital talent and travel International commerce has become one of the fastest growing business sectors of Alibaba, where it competes with ByteDance, Shein and Temu Hangzhou-based Alibaba Group Holding inked a deal with the Cambodian government on Wednesday toRead more

Datuk William Ng SAMENTA Central chairman.// 28 August 2021 SMALL and Medium Enterprises (SMEs) are surprised and disappointed with the introduction of the capital gain tax (CGT) without any consultation with SME stakeholders. Although the CGT will be able to increase our tax revenue, it must not be at the expense of entrepreneurship and theRead more

SINGAPORE/STOCKHOLM, Oct 11 (Reuters) – Southeast Asian countries are taking a business-friendly approach to artificial intelligence regulation in a setback to the European Union’s push for globally harmonised rules that align with its own stringent framework. Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations’ (ASEAN) “guide to AI ethics andRead more