Innovation Summit World Tour 2020: Schneider Electric calls for East Asia to embrace digital solutions and technologies
Digital transformation leader Schneider Electric held its Innovation Summit World Tour 2020 for East Asia through a virtual event focusing on “Building a more resilient and sustainable future”. Southeast Asia is forecasted to be the 4th largest economy globally by 2030. Digitization is considered a key solution to accelerate and sustain the region’s rapid economic expansion while adapting to the […]
Philippine IT-BPM workforce to remain stable amid pandemic
IT-BPM in the Philippines will unlikely achieve the industry growth forecast of 3.5% to 7.5% in the next 3 years because of the impacts of the pandemic. Despite this, the labor requirements in the country’s IT-BPM industries and companies are seen to remain stable. The industry currently operates at 95% productive capacity through a mix of service delivery methods. These are some of […]
Malaysia’s Petronas approves additional USD2.4 billion government payout to battle COVID-19
Petroliam Nasional Berhad (Petronas), Malaysia state oil firm, approved another RM10 billion dividend to the government to support in the fight against COVID-19. Petronas originally pledged to pay RM24 billion to the government, its sole shareholder, this year. The committed dividends were already paid. The additional dividend will be remitted by end of November.
Digital-First Banking News: Zelle Exceeds 1B P2P Payments; China’s Digital Yuan Tests Process 4M+ Transactions
Here are some highlights in digital-first banking. Zelle, Arizona-based digital payments network, crossed over the one-billion transaction mark for peer-to-peer (P2P) payments. The pandemic resulted for the higher demand for this payment method. China’s testing of the digital yuan performed well according to a published report. There were over 2 billion yuan used in over 4 million […]
Crisis and Future of the Regime Stability in Southeast Asian Countries
The disruption towards economies and businesses currently experienced in the world this year is different compared to the Great Depression in 1929 and the Global Financial Crisis in 2008, because it is caused by a new type of disease that is COVID-19. It challenges the capability of governments to deal with both the tremendous health costs and the economic […]
Entrepreneur-turned-author says artificial intelligence is the future of how we work
Maulik Parekh, author of Futureproof your Company and Career, advised Philippine businesses of the need to accept the more prevalent use of Artificial Intelligence (AI) for work soon. He underscored AI’s capabilities and how it will inevitably change the corporate landscape. He also suggested that businesses must start acquiring “digital native” talent who are mostly millennials and Gen Z. These are the individuals with […]
Event encourages support from overseas business community for HCM City’s development
A conference was held to celebrate the 11th HCM City Party Committees Congress and the 16th Anniversary of the Vietnam Entrepreneur’s Day. The theme of the event was to promote the strength of the overseas business community to aid in the development of Ho Chi Minh City. The hosts were the Ho Chi Minh City Chapter […]
Economist sees sustained rise in Philippine BOP
The Bangko Sentral ng Pilipinas (BSP) reported that the balance of payment (BOP) surplus by end of September 2020 amounted to $2.1 billion. This is higher than the previous month’s $657 million and the previous year’s $38 million. Chief Economist Michael Ricafort of RCBC forecasted a sustained rise in the Philippine BOP. In his report, he traced the BOP increase to be […]
Italy’s UniCredit sign business cooperation deal with China’s ICBC
UniCredit and Industry & Commercial Bank of China (ICBC) signed an agreement expand business cooperation and services for clients. UniCredit, the second biggest bank in Italy began operating in Asia in 1977 when it opened a branch in Tokyo. Currently, it has branches in China, Hong Kong, Singapore, and Japan. It primarily services European clients with operations in […]
Nepal ICT Award 2020 announces top 5 finalists in 4 categories
Nepal ICT Award 2020 named the top 5 nominees per each of the 4 categories: Startup, Product, Innovation-Driven Crisis Response, and Rising Student. A 14-member jury conducted the selection. The finalists will now participate in public voting which opened last October 21, 2020 and done through SMS, email, and payment partner eSewa. Now on its 5th edition, the ICT Award received more than 350 online applications for various categories according to the organizers. The […]
