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VMware appoints Devan Parinpanayagam as country manager of Malaysia

VMware Inc, a leading innovator in enterprise software, announced the appointment of Devan Parinpanayagam as the country manager of VMware Malaysia. In this role, Devan will lead the company’s business development and market strategy for VMware in Malaysia, while strengthening the company’s local presence and customer relationships. He will also oversee sales and channel operations, […]

Falling rupee positive for growth of inbound tourism

A weakened rupee has made India a cheaper foreign destination,” said Subhash Goyal, Chairman, Assocham Tourism Committee. “We expect inbound tourism to benefit by 10%. Read the full story at https://www.thehindu.com/business/Economy/falling-rupee-positive-for-growth-of-inbound-tourism/article24692330.ece SOURCE: The Hindu (1)

A ‘trust gap’ remains in Chinese healthcare

Josef Woodman of Patients Beyond Borders discusses the trend of couples in China choosing to seek in vitro fertilization treatment overseas. Watch the video at https://www.cnbc.com/video/2018/08/14/this-ceo-says-a-trust-gap-remains-in-chinese-healthcare.html SOURCE: CNBC (0)

China’s youth not prepared for retirement

China’s younger generation are largely unprepared for retirement and have limited understanding of pensions, a recent study shows. Read the full story at https://www.shine.cn/biz/economy/1808150520/ SOURCE: Shine (0)

Singapore’s Temasek buys secondary stake in Ola for $225 million

The stake was purchased from a group of early investors in the company though Temasek is also in discussions with Ola’s management to pump in more money into the company by way of subscription to new shares. As reported earlier by ET, Ola is in discussions with new investors to raise about $1 billion. The […]

Nasty earnings surprises dog China’s tech darlings

Just a few months ago, optimism was order of the day among Chinese technology investors. Beijing was going to welcome home US-traded Chinese tech stars by allowing them to dual-list on mainland exchanges, while Hong Kong opened its arms to the hottest unicorns by removing requirements that companies have a track record of profits before […]

New enemy of outsourcing: DIY by banks

Here’s the big reason why most of the big IT services companies are still struggling to accelerate: Many large banks have got into a do-it-yourself mode for their IT. Where once they outsourced work, they are now choosing to do more of it in-house, mostly in their own global inhouse centres (GICs) in countries like […]

When Will (Crypto) Winter End?

For almost eight long months, cryptocurrency enthusiasts have been living on ‘Hopeium’ – an ethmology blend of ‘hope’ and ‘opium’. The cryptocurrency, or digital asset market, that hit an all time high market capitalization of over USD800 Billion at the height of December 2017, has over a period of what seemed like years in crypto […]

WeChat eyes blockchain for faster corporate expense refunds

Tencent has piloted the application at a local restaurant in Shenzhen, China, where a user paid the bill through its existing payments service WeChat Pay.By feeding the payment data over its blockchain platform to the user’s employer, the restaurant and Shenzhen’s local taxation authority, Tencent said delays normally encountered via the standard manual claims process […]

Intention is to fly globally in a progressive manner, says Vistara CEO

Vistara announced a firm order with Airbus and Boeing for 19 aircraft as it looks to add international routes. In a telephone interview with The Hindu, the airline’s CEO, Leslie Thng, talks about Vistara’s plan for international flights, infrastructure constraints at Indian airports as well as the impact of the rise in fuel prices. Read […]

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