Indonesia Exempts Books, Films, and More from $100 Import Ban on E-commerce
Indonesia has excluded books, films, software, and music from its $100 import ban on e-commerce platforms, aiming to accommodate specific goods. This decision impacts the country’s vibrant e-commerce market, with a significant population that embraces online shopping and transactions. 2 November 2023 – Indonesia has decided to exempt books, films, software, and music from its recent ban on the import of products priced...
Southeast Asia’s Digital Economy Thrives Amid Global Headwinds, Poised to Reach $218 Billion in Transactions
Southeast Asia’s digital economies are defying global macroeconomic challenges, with a projected total transaction value of $218 billion this year, an 11% increase from the previous year. The region’s digital economy is experiencing significant growth, especially in terms of revenue, as companies shift their focus towards profitability. 2 November 2023 – A new report jointly conducted by Google, Temasek, and Bain...
Treasure Global and UCSI Hospital Join Forces to Promote Malaysia Healthcare Tourism and Wellness Innovations
Treasure Global and UCSI Hospital have signed an MoU to collaborate on promoting the Malaysia Healthcare Tourism program. This partnership, featuring enogy’s health and wellness products, is expected to boost revenue and offer cutting-edge healthcare solutions, with the potential for a 100% monthly growth in overall gross profits. 2 November 2023 – Treasure Global Inc, a pioneering technology solutions provider, has...
Qatar and Singapore Join Forces in Historic Innovation Challenge at SWITCH 2023
The Qatar Research, Development, and Innovation Council and Enterprise Singapore have launched the Qatar – Singapore Joint Innovation Challenge (QSJIC) during SWITCH 2023, signifying a historic moment in global innovation collaboration. The initiative calls for innovative solutions in areas like energy, sustainability, and insurtech and aims to foster partnerships between Qatar and Singapore. 2 November 2023 – The Qatar...
Xiaomi’s Visionary Leap: ‘Grow with Xiaomi’ Strategy Unveiled at MIPC Singapore 2024 for Global Internet Services
Xiaomi’s MIPC Singapore 2024 marked a visionary leap, unveiling the ‘Grow with Xiaomi’ strategy to create a global ecosystem for app and game distribution, content delivery, user growth, and monetization services. The conference showcased Xiaomi’s global expansion and innovations in various internet services, highlighting the company’s significant growth potential. 2 November 2023 – The Xiaomi...
Mastercard Partners with Live Nation to Offer Cardholders Exclusive Music Experiences
Mastercard has forged a multi-year partnership with Live Nation to provide exclusive music-related benefits to over 100 million cardholders, including access to presale tickets and VIP experiences. The partnership also supports sustainability efforts through the Priceless Planet Coalition. 2 November 2023 – In a significant move to enrich the lives of its cardholders and further strengthen its commitment to the music industry,...
Petronas Awards FutureTech 3.0 Honors to APAC Green Tech Start-ups
Petronas, the Malaysian national oil and gas company, has recognized five innovative green tech companies in the Asia-Pacific (APAC) region through its FutureTech 3.0 Awards. These awards highlight the importance of electric vehicle solutions and sustainable energy ventures, and the winners will participate in an APAC immersion program to foster innovation and collaboration in the green technology sector. 1 November 2023 –...
Vircle Raises Seed Funding to Expand Innovative Cashless Payment Platform for Children
Vircle, a Malaysian fintech, has secured seed funding in a round led by Gobi Partners and Kumpulan Modal Perdana (KMP) to expand its child-centric cashless payment platform. Vircle’s child-safe Visa prepaid card, which empowers parents to oversee their child’s expenses, aims to introduce millions of children in Southeast Asia to the cashless and digital banking world, promoting financial responsibility. 1 November 2023...
Mastercard’s Report Reveals Cross-Border Payment Challenges Amidst Rising Demand for Global Work
Mastercard’s 2023 borderless payments report highlights the increasing demand for cross-border payments driven by a growing number of people considering working abroad. However, the report also reveals challenges such as late or failed payments, fraud risk, and difficulties in supporting in-country payments for both consumers and small businesses. 1 November 2023 – Mastercard’s 2023 borderless payments report sheds...
Kaspersky Uncovers StripedFly Malware: A Global Threat Hiding in Plain Sight
Kaspersky researchers have discovered the sophisticated StripedFly malware, initially posing as a cryptocurrency miner but revealed as a multifaceted global threat impacting over a million victims since 2017. StripedFly’s operator can engage in data theft, espionage, and evasive activities, and Kaspersky recommends regular system updates and heightened cybersecurity measures to protect against this evolving threat. 1 November...
