The coronavirus pandemic, set to provoke a severe global recession this year, is hitting multinational companies disproportionately. Here is a list of winners and losers, according to a study published on Tuesday from the research unit of Italian bank Mediobanca, based on results from the first quarter of 2020. The Winners:InternetGlobal internet companies are the top performers, managing to maintain their momentum even during the worst of the coronavirus crisis.
Assuming the coronavirus infection rate does tail off and life eventually carries on as normal, Southeast Asia is well placed to champion growth and get its economies back up and running. The driver for this is the purchasing habits of the ASEAN consumer and their love of social media and technology.If the Asia-Pacific region was never a cohesive entity before the pandemic, it will be even less so in the aftermath.
Singapore Monday ordered Facebook to block the page of an anti-government website in the city-state, the latest use of a law against online misinformation that critics say stifles free speech.The legislation gives ministers powers to order internet platforms and websites to put warnings next to posts they deem false, as well as order pages blocked from users in the tightly-regulated city.While most have complied with the directives, political website States Times Review (STR) - which regularl
Thai authorities arrested two people for posting "fake news" about the coronavirus as a senior official on Thursday warned internet users to think twice before sharing incorrect information about the pathogen.The Southeast Asian country has detected 14 cases, the second-highest number outside China where 170 have been killed since the outbreak emerged in the city of Wuhan.Thailand's digital economy minister Buddhipongse Punnakanta said that a man and woman were charged with vio
Advertisements targeted at young children in today’s digital world are becoming increasingly invasive and prevalent.Research on 135 of the most popular free and paid apps for children between the ages of one to five in Google’s Play Store in 2019 – some of which were posted under the guise of educational tools – found that 95 percent of the apps contained some form of advertising.Among the ill-effects of advertising on young children include materialism, obesity and low self-esteem.
Can you imagine waking up and not being able to check your phone? For most of us it is as essential as our morning coffee to look at our texts, emails and social media. To be informed of the world and inform the world of us. But imagine not just a day but weeks, and then months without internet connection. Internet is a fundamental tool for society because it has the ability to make entire towns, cities and even countries visible to the rest of the world.
Singapore has defended a controversial new law against misinformation that it has wielded against Facebook, after an opposition party launched a withering attack on the legislation.The law gives ministers in the tightly-regulated city powers to order internet platforms to put warnings next to posts they deem false, but activists fear it could be used to stifle dissent.Authorities used the measure twice last month, ordering Facebook to put a correction by a post for the first time, and telling
Thailand’s Digital Economy and Society Minister, Buddhipongse Punnakanta revealed recently that about 500,000 items of suspected fake news were spread on social media over the past month alone. The biggest culprits? The country’s elderly.Buddhipongse said that it was the ministry’s anti-fake news centre that detected the approximately half a million items of possible fake news.
On 26 September, Indonesia was hit with yet another deadly earthquake, killing 37 people and damaging more than 6,000 houses. The country is one of the most disaster-prone in Southeast Asia and the world. Two weeks after the earthquake, however, news reports began emerging that Indonesians were still holed up in shelters. The reason?
More professionals are joining the gig economy to look for additional income or a change of pace in work. The gig economy refers to the hiring of independent contractors and short-term workers by businesses.
Southeast Asia’s internet economy has reached US$100 billion for the first time and is expected to triple by 2025.This year’s edition of the e-Conomy Southeast Asia report released by Internet giants Google, Singaporean sovereign wealth fund Temasek and global consultancy firm Bain & Company last week showed how Southeast Asia’s internet economy has more than tripled in size over the last four years amidst a fundamental shift in the way people shop, eat and get around. Southe