Sales of 5G-Compatible Smartphones Will Exceed 1 Billion Worldwide By 2025
Global sales of 5G smartphones this year is just 10 percent, but Strategy Analytics projected around a billion shipments for the same 5G devices in 2025. China, a pioneer in terms of 5G networks, should be one of the key markets. However, only high-end devices will initially be 5G compatible. Samsung, Huawei and lower-end manufacturers will progressively roll out […]
NITI Aayog CEO: India Poised to be Artificial Intelligence (AI) Laboratory of The World
At a press conference to unveil the upcoming global virtual summit on Artificial Intelligence (AI) – ‘RAISE 2020’ – NITI Aayog CEO Amitabh Kant said that India’s data and innovation capabilities can make it the world’s AI laboratory. “India is developing AI-based solutions for social empowerment across spheres like healthcare, education, finance, agriculture and governance. […]
Malaysian Banks offering targeted no-penalty repayment assistance to individuals and SMEs
The Department of Labor and Employment (DOLE) in the Philippines said that while the pandemic resulted in unemployment, it has also brought attention to several “resilient” jobs in the National Capital Region. They are referred to as “resilient” jobs because they endured the impacts of the coronavirus outbreak. The jobs identified are in the sectors […]
Philippine DoLE reveals resilient jobs in Metro Manila
The Department of Labor and Employment (DOLE) in the Philippines said that while the pandemic resulted in unemployment, it has also brought attention to several “resilient” jobs in the National Capital Region. They are referred to as “resilient” jobs because they endured the impacts of the coronavirus outbreak. The jobs identified are in the sectors […]
Philippine economy faces slower recovery versus most peers – World Bank
The Philippines will have a much slower economic recovery compared to neighbor countries as the pandemic remains uncontrolled, said the World Bank. It estimates that the country will contract 6.9% in 2020. This is one of the sharpest downturns in developing East Asia and the Pacific. In a worst-case scenario, it may drop to as […]
Vietnam, the other major Asian economy besides China set for growth in 2020
Vietnam’s gross domestic product (GDP) increased by 2.62% in the third quarter. The growth is attributed to the gains in its manufacturing and export industries. This speeds up the country’s economic recovery from the decline experienced in the first half of the year caused by the pandemic. Exports rise to 11% in the third quarter, […]
Singapore to release plans for Phase 3 reopening in coming weeks, says minister
The Singapore government may release details of plans on how to take the country to the third phase of reopening its economy. This was announced in a press briefing by Education Minister Lawrence Wong, one of the co-chairs of the governmental task force fighting COVID-19. The plan includes relaxing border control measures, and the allowed […]
Foreign leaders voicing concern over Malaysia’s political situation, says Foreign Minister
Malaysian Foreign Minister Datuk Seri Hishammuddin Hussein disclosed that numerous foreign leaders are expressing their concern over the political situation in the country, specifically in relation with the suppression of COVID-19. The current political turmoil in Malaysia is reflecting badly on the country’s image to the world, especially while the government is in the works […]
DTI targets to tap Australian market for Philippine BPO industry
The Department of Trade and Industry (DTI) shared its goal to promote the Philippines’ business process outsourcing (BPO) industry in Australia through a webinar scheduled on 25 September 2020. The webinar will be hosted by the Export Marketing Bureau (DTI-EMB) and the Philippine Trade and Investment Center in Sydney. It will highlight the capabilities of […]
Extra $3.4B in loans available for Taiwan’s SMEs hit by pandemic
Taiwan’s Central Bank approved providing additional $3.44 billion in financing for small-medium businesses in the country to aid them in coping with the impact of the pandemic. This brings the total to more than $10 billion. The Central Bank in March made the $6.88 billion financing accessible for banks to offer preferential loans to businesses […]
