Malaysian Financial Ecosystem Primed for Greater Innovation and Growth

The VMware Digital Frontiers 3.0 Study found that the customer battleground for Malaysia’s financial services industry has shifted online with 55% of Malaysians surveyed now preferring to engage with their banks via apps rather than visiting in-person at a branch, leading ahead of its Southeast Asian counterparts Singapore (51%), and Indonesia (53%), on par with […]

China’s economy is still growing. But the recovery is slowing down

China’s economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions. GDPgrew 7.9% in the April-to-June quarter compared with the same period a year ago, China’s National Bureau of Statistics said Thursday… To read more: https://edition.cnn.com/2021/07/14/economy/china-q2-gdp-2021-intl-hnk/index.html SOURCE: CNN (6)

Google expands India cloud services with new infrastructure push

NEW DELHI (Reuters) – Alphabet Inc’s Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. The Google cloud region in Delhi and its outskirts is the U.S. tech giant’s […]

What comes next for India’s deeply scarred economy?

During the worst of the pandemic in India in recent weeks, much of whatever supply of oxygen there was for COVID-stricken patients came not from government action, as might have been expected, but rather from the efforts of private companies and nonprofit organizations. Numerous governments have let down their citizens during the crisis, but in […]

China’s Bitcoin mining machine makers ramp up R&D on AI chips as supervision toughens

Some manufacturers of Bitcoin mining machines in China are now ramping up efforts to manufacture AI chips amid an intensified nationwide crackdown against cryptocurrency mining-related businesses. Canaan, a major Chinese maker of Bitcoin mining machines, announced this weekend at the 2021 World Artificial Intelligence Conference in Shanghai the release of the Kendryte K510, an independently […]

India supercharged its economy 30 years ago. Covid unraveled it in a matter of months

Thirty years ago, on a summer evening in late July, India liberalized its Soviet-style economy in a transformation that eventually pulled about 300 million out of poverty, fueling one of the biggest wealth creations in history. Then came the world’s fastest coronavirus surge which left overflowing hospitals turning away the dying and crematorium smoke Read […]

Alibaba Cloud Partners with SDEC To Accelerate Digitalisation In Sarawak

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group and the Sarawak Digital Economy Corporation Berhad (SDEC), a company wholly-owned by the Sarawak Government through State Financial Secretary Inc. under the Ministry of Finance and Economic Planning, announced the collaboration today to digitalise Small and Medium Enterprises (SMEs) in Sarawak and to propel […]

Malaysia‘s responses to Allegations of Forced Labour in Palm Oil Ban

By Charles F Moreira, Editor Following up on our article US Palm Oil Ban: Why Are MAFI and MITI Silent? of 15 June 2021, we could not find media statements on the Ministry of Plantation Industries and Commodities’ website about the U.S. Customs and Border Protection’s (CBP) Withhold Release Order on 30 December 2020 to […]

India to be the second fastest growing economy after China this year

Even as inflation concerns loom large and the jury still to be out on impact of the second wave of infection, India is expected to emerge as one of the fastest growing economy in Asia only after China this year, say economists. Though this could be due to base effects, it is expected to return […]

Digital Nasional Berhad On Track to Launch Nation’s 5G Network by End-2021

Digital Nasional Berhad (DNB) today announced its partnership with Ericsson (Malaysia) Sdn Bhd (Ericsson) to accelerate the deployment of Malaysia’s nationwide fifth generation (5G) network and ecosystem. This concludes the rigorous tender exercise initiated in March. DNB has adopted an approach where the Design and Build of the National 5G Network will be undertaken by […]

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