LUNAR NEW YEAR SALES

Tighter budgets see slower start to Lunar New Year shopping

SLOW starts to the Lunar New Year buying season did not stop gift companies and retailers from projecting optimistic sales for the festive period this year, despite the slower economic growth that has led to some belt tightening among consumers.

ASEAN BUSINESS

Tech change brings wave of opportunities

AS COMPANIES turn to technology to improve their operational efficiency and better serve their customers, South-east Asia offers new opportunities for Singapore firms looking to expand in the region.

Republic Poly launches fintech diploma to groom local talent

IN A bid to groom local fintech talent for the country's finance and banking sector, one polytechnic here is launching a new fintech diploma in the upcoming academic year starting in April.

Differing prospects for Asean telcos in 5G rollout: DBS

5G offers profitable opportunities for telcos in Singapore and Malaysia, but Thai telcos may face some risks from a higher capital expenditure (capex) burden, said DBS.

Thai telcos downgraded to “neutral” in 5G rollout: Maybank Kim Eng

Maybank Kim Eng has downgraded Thai telcos to “neutral”, as the upcoming 5G rollout may create a sector overhang. 

Go local when expanding into S-E Asia

When in Rome, do as the Romans do. As most market players highlight that the business environment is different overseas, they advise firms keen on expansion abroad to tailor their products accordingly. 

Tech change brings about wave of opportunities in S-E Asia

As companies turn to technology to improve their operational efficiency and better serve their customers, South-east Asia offers new opportunities for Singapore firms looking to expand in the region. 

Indonesia's regional GDP to grow by 4-7% in 2020: UOB

Economic performance in Indonesia will “continue to improve in 2020” on the back of increased exports and imports, rising private consumption, and growing investment, said UOB analysts in a research note on Tuesday.

Older generation to spend the most by 2030: Citi

People aged 45 to 65 across the globe are likely to lead the increase in aggregate spending, said Citi in a report.

Light on the horizon for Asia-Pac airlines: DBS

Earnings for Asia-Pacific airlines should see some recovery in 2020, thanks to a bottoming of the global economy and better supply-demand dynamics in the aviation industry, said DBS analysts in a study.

Pie Awards 2020 open for submissions in design and creativity

A CALL has gone out for entries to compete for awards that recognise excellence in product design.

Asean growth “should improve” in 2020: HSBC

Asean should see further growth in 2020, thanks to a surge in public infrastructure spending and a relatively stable private consumption, though enacting key reforms this year is critical to boosting potential this decade, said HSBC.

Asean property stocks will continue to outperform in 2020: Morgan Stanley

The Asean property market is still attractive in 2020, as stocks will continue to outperform on healthy property fundamentals amid a constructive macro outlook, said Morgan Stanley in its report.

Thai SMEs favour social media over e-marketplace for online sales: Study

Thai small and medium-sized enterprises (SMEs) see social media as the most crucial e-commerce platform, while surprisingly ranking e-marketplaces at the bottom of the list, according to a study published by ISEAS – Yusof Ishak Institute. 

FIRES IN AUSTRALIA

Fires have limited impact on outbound tours to Down Under

OUTBOUND travel operators in Singapore have largely seen limited impact from the escalating Australian fires on tours Down Under, as January and February have traditionally been the lull season for Singaporeans heading south.

OCBC Cycle launches new all-women cycling race

TO ENCOURAGE female participation in competitive cycling, OCBC Cycle announced a new all-women race category, the OCBC Cycle Speedway Women's Championship at its event launch on Tuesday at OCBC Square.

Philippines's BSP to go ahead with policy cuts despite higher Dec inflation

Despite a surprise uptick in December inflation in the Philippines, ANZ and Barclays analysts both maintain that the central bank still has room to ease its monetary policy in Q1 2020.

Prudential Vietnam inks exclusive bancassurance deal with SeABank

PRUDENTIAL Vietnam Assurance, a subsidiary of mainboard-listed Prudential plc, will be offering its life insurance products to Southeast Asia Commercial Joint Stock Bank (SeABank) customers.

Prudential Vietnam inks exclusive bancassurance deal with SeABank

PRUDENTIAL Vietnam Assurance, a subsidiary of mainboard-listed Prudential plc, will offer its life insurance products to Southeast Asia Commercial Joint Stock Bank's (SeABank) customers.

ASEAN BUSINESS

Malaysian firms set to get pick of skilled local workers

THANKS to Malaysia's Budget 2020, Malaysian companies can look forward to a more highly-skilled labour force and incentives when recruiting locals in the new year.

ASEAN BUSINESS

New opportunities for law firms as Laos' economy seeks to diversify

WHILE the legal sector in Laos has a long-established focus on hydropower projects, it has seen growing demands from sectors like solar energy, real estate and tourism.

Malaysia Budget 2020 to get more locals trained and employed: study

THANKS to Malaysia’s Budget 2020, Malaysian companies can look forward to a more highly-skilled labour force, and hiring incentives when recruiting locals in the new year.

Card payments in Malaysia to exceed US$80b by 2023: GlobalData

Malaysia’s total card payments value is projected to increase from US$50.4 billion in 2019 to US$81 billion in 2023, as the country makes steady progress to reduce cash dependence, said GlobalData in a report.

Indonesian snackers becoming more health conscious, though indulgence remains a priority: poll

MORE Indonesians are taking health into their consideration when snacking, though indulgence still remains a key motivator for snacking, according to a report by Mondelez International. 

Three quarters of Asia-Pac businesses consider themselves disrupted by tech change: Baker McKenzie

A full three quarters Asia Pacific-based business leaders surveyed describe themselves as being disrupted, rather than a disruptor, amid accelerating technological change, said Baker McKenzie in a report.