According to the Global Gender Gap Report 2020 by the World Economic Forum (WEF), it will take another 163 years for East Asia and the Pacific region to reach gender parity at its current rate.
Southeast Asia’s unicorns are now supposedly worth US$57 billion after the recent addition of four new companies to the exclusive club, but how realistic that figure is remains to be seen.Singapore’s Bigo Tech (streaming and social media), Trax (image-recognition), ONE Championship (media and sports) and Zilingo (e-commerce) all passed the US$1 billion valuation mark between September 2018 and September 2019, making for a total of 14 unicorns in the region according to a report released last
Tiny Singapore had embraced electric scooters in a big way, but deaths and fires linked to the two-wheelers have prompted authorities to introduce tough rules that could put a brake on their runaway success.The contraptions have popped up in cities worldwide but pedestrians in many places have come to see the silent machines as menaces, and authorities have been scrambling to regulate them.Tens of thousands flooded Singapore, becoming particularly popular among commuters and workers deliverin
ASEAN cities are notorious for their traffic. A 2019 report by the Asian Development Bank (ADB), found that cities in the Philippines, Malaysia and Myanmar are among the most congested, and congestion is costing governments millions of dollars daily.
The millennial generation of Southeast Asia comprises of half of the region’s 644 million population. The region’s high internet penetration and growing middle class is driving the adoption of digital financial services.
Commercial fleets and two-wheeled vehicles are expected to be the biggest drivers of growth in ASEAN’s electric vehicle (EV) market.A recent report by consultants Bain & Company estimates that the region’s annual new investment in passenger EVs will grow to US$6 billion by 2030, and will require another US$500 million in new charging infrastructure as service providers support electrification needs. Combined with the billions more ASEAN will have to invest in EV-related telec
Southeast Asia is fast becoming one of the most dynamic and industrialised regions in the world.Contributing to this rapid pace in development is a growing car market driven by an increase in demand for automobiles.
Ever since Grab bought over Uber’s Southeast Asia-based business last March, social media has been abuzz with complaints against the ride-hailing giant. Complaints about Grab are mostly related to sudden hikes in fare prices after a deal which saw US-based Uber Technologies sell its Southeast Asia business for a 27.5 percent stake in Grab.
A previous article published by The ASEAN Post on ride-hailing ended with the lingering question on whether some taxi drivers are refusing to change their attitudes even after facing tough competition from ride-hailing services.
On 26 March 2018, GrabTaxi Holdings Pte. Ltd. (Grab), a technology company that offers ride-hailing, ride sharing, food delivery and logistics services through its mobile app in Southeast Asia; announced that it had acquired its competitor’s (Uber) Southeast Asia operations.
A Vietnam court Friday ordered ride-hailing app Grab to pay a cab company more than US$200,000 for losses incurred due to competition – a judgement blasted by the firm as "a giant step backwards" for the country's tech community.The Singapore-based app, which launched in Vietnam in 2013, has been embroiled in a lawsuit with Vinasun, a major taxi provider in the south of the country, since May 2017.