“Every now and then a man’s mind is stretched by a new idea or sensation, and never shrinks back to its former dimensions,” said Oliver Wendell Holmes Sr, an American poet, physician and polymath. Such is the invention of smart cities.A smart city is an area of urban development that utilises various methods of electronic data collection to manage the city’s assets and natural resources.
Quang Dang built a business with 200 staff selling lipstick and perfume. His secret to success? Once-banned Facebook.Like a growing number of Vietnamese, the 25-year-old turned to Facebook to put money in his pocket as getting his own physical shop proved out of reach. With just 223 dollars in savings, the high school educated entrepreneur got his start hawking cosmetics to friends on the social network.Vietnam has a complicated relationship with the social network.
It’s no secret that Southeast Asia has become a hotbed for tech startups. Since 2012, there have been a number of tech companies that have become household names and changed the lives of people in Southeast Asia.
Singapore’s Sea plans to price shares at 15 dollars in its initial public offering and raise more than 850 million dollars, according to people familiar with the matter.The total amount may be more than one billion dollars if an option to sell additional shares is exercised, said one of the people, asking not to be identified because the matter is private.
The startup sector has exploded globally with investors on the lookout for the next "Facebook". This has inspired technology entrepreneurs to create their own companies and sell their ideas to the world in hopes of being the next Mark Zuckerberg.
As Amazon.com pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.Delivery delays also marred Amazon’s debut in July, when on-the-ground operations began with Prime Now two-hour deliveries.
Big-name investors including Expedia and Alibaba are pumping billions of dollars into Indonesian tech start-ups in a bid to capitalise on the country’s burgeoning digital economy and potential as Southeast Asia’s largest online market.Indonesia has seen a surge of cash into its technology sector over the past two years, helping support dozens of homegrown start-ups ranging from ride hailing apps to e-commerce firms.And with a population of more than 250 million, a swelling middle class and gr
Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash.The link would bring together Southeast Asia’s first national digital-payment platforms, Singapore’s PayNow and Thailand’s PromptPay, said Naphongthawat Phothikit, director of payment systems policy at the Bank of Thailand.“The Monetary Authority of Singapore and the Bank of Thailand are exploring th
The total population of the 10 ASEAN (Association of Southeast Asian Nations) member states has grown to over 640 million people in 2017 as the region is home to about 339.2 million internet users. It is currently the fourth largest internet market. Google revealed that Southeast Asia is expanding at a rate of almost four million users a month, making it the fastest growing e-commerce market globally.
Do you know how the internet works? Have you ever wondered how you could be sitting at home in Singapore or any other Southeast Asian country and be able to watch the latest "Game of Thrones" trailer on YouTube which was released in the US?
Fifty years since its formation, all 10 of the ASEAN (Association of Southeast Asian Nations) member states have seen rapid urbanisation. While the total population within Southeast Asia has reached over 640 million people in 2017, the internet penetration rate across has only reached 53 percent, which translates to 339.2 million internet users, as stated in the Digital in 2017: Southeast Asia report released by Hootsuite and We Are Social.
We often hear that "cash is king". While it is undeniable that cash has been the preferred mode of payment in the past, the 21st century has introduced an array of cashless payment methods – also known as e-payment – to consumers all over the world. All across the globe, people are divided into those who prefer the more conventional mode of payment as others take a more progressive approach by supporting cashless transactions.
