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Thailand is expected to be the second biggest e-commerce market in Southeast Asia in 2025 According to the e-conomy SEA study by Google and Temasek, it shows Thailand e-commerce market value was $0.9 Billion in 2015. It projects that the market will grow with the compound annual growth rate of 29% which will reach the valuationRead more

Shopee, for example, enables them to reach a broader customer base, achieve sustainable growth WITHIN the Malaysian economy, a network of micro, small and medium-sized enterprises (MSMEs) plays a crucial role – they form the nation’s backbone, accounting for a remarkable 97.4% of all enterprises and contributing a significant 38% to the country’s GDP. MSMEs driveRead more

Combined with Tokopedia, ByteDance group takes second spot in $114bn market TikTok has become a “very relevant player” in Southeast Asia’s e-commerce sector, the CEO of Singapore-based consultancy Momentum Works says.   © Reuters TikTok, the viral short video app owned by China’s ByteDance, is becoming one of the largest e-commerce platforms in Southeast Asia, aRead more

The adoption and usage of e-commerce and mobile wallet industries among Malaysians have seen a notable increase in 2023 compared to the years before, according to the latest survey findings released by Ipsos Malaysia. This shows growing confidence in the digital economic industry, the local chapter of global market researcher Ipsos said of the findingsRead more

Malaysia is expected to benefit from the electronics recovery in the second half of the year (2H24), given its position further down the electronics value chain, said Oxford Economics. NSTP/AIZUDDIN SAAD Malaysia is expected to benefit from the electronics recovery in the second half of the year (2H24), given its position further down the electronicsRead more

Experts cite the lack of exams and motivation as well as a problematic curriculum. Experts have warned that Malaysia’s ambition of becoming a high-income and technologically advanced nation could be hampered by the high failure rate in maths, shown in the Sijil Pelajaran Malaysia (SPM) 2023 results released last month. The results showed that 85,000Read more

Minister of Investment, Trade and Industry Datuk Seri Tengku Zafrul Abdul Aziz said while Malaysia strives to position itself as a preferred investment destination, it also needs to work with neighbouring countries and propel the region as a whole. ― Bernama pic Malaysia and Singapore, together with the rest of Asean, must collaborate to harnessRead more

The company’s existing data centre in Johor will be expanded with an additional investment of RM1.5 billion. Investment, trade and industry minister Tengku Zafrul Aziz said he was informed about the investment plans at a meeting with a TikTok vice-president in Singapore today. (Bernama pic) TikTok owner ByteDance has plans to invest about RM10 billionRead more

The UK is set to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership by the end of 2024, creating opportunities for both nations. Malaysia values its strategic collaboration with the UK, particularly in digital initiatives, as they pave the way for potential advancements in the digital economy for both nations. Digital minister Gobind SinghRead more

The Malaysian government is skillfully attracting plenty of foreign tech investments and this bodes well for our budding tech scene. Malaysia’s recent efforts to steer ahead in technology and tech investments appears to show great promise. Or am I being prematurely optimistic? After all, many ills still ail us. For one, Malaysia’s abysmal standing inRead more