NATION

MyMy & SUKANIAGA To Form Malaysia’s First Digital Banking Consortium

Fintech companies MyMy and Sukaniaga Sdn Bhd today announced their partnership to form a digital banking consortium and bid for one of five digital banking licences to be issued next year by Bank Negara Malaysia (BNM). The consortium is also seeking an additional strategic partner to further strengthen the consortium in its bid for the […]

INDIA

Rebooting Economy 68: How private wealth creators are serving Indian economy and people

Political theories masquerading as sound economics (free-market rhetoric better known as Thatcherism and Reaganism) are back with a bang. Statements like “government has no business to be in business” or that “wealth creators (in private sector) are important for India, only then can wealth be distributed, and jobs be generated” are hitting the headlines again. […]

CORPORATE

SoftBank Vision Fund set for new portfolio champion with Coupang IPO

SoftBank’s US$100 billion Vision Fund is poised to have a new number-one asset in its portfolio with the upcoming flotation of top South Korean e-retailer Coupang, furthering a turnaround that has seen the fund yo-yo from huge losses to record profit. The US$50 billion target valuation that Reuters reported… To read more: https://www.channelnewsasia.com/news/business/softbank-vision-fund-coupang-ipo-14254682 SOURCE: CHANNEL […]

CHINA

New chart shows China could overtake the U.S. as the world’s largest economy earlier than expected

China is set to overtake the United States as the world’s largest economy a few years earlier than anticipated due to the coronavirus pandemic, analysts said. The U.S. reported last week that gross domestic product in 2020 contracted by 2.3% to $20.93 trillion in current-dollar terms, based on a preliminary government estimate. Read more: https://www.cnbc.com/2021/02/01/new-chart-shows-china-gdp-could-overtake-us-sooner-as-covid-took-its-toll.html?__source=iosappshare%7Cnet.whatsapp.WhatsApp.ShareExtension SOURCE: […]

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