ASEAN is set to become the world’s fourth largest economy by 2030, and it is a transition that will be championed by an increasingly tech-savvy younger population which is rapidly rising up the socio-economic ladder. ASEAN’s digital economy – a collective term for all economic transactions that occur online – will progress in hand with this, and is expected to expand 6.4 times from US$31 billion in 2015 to US$197 billion by 2025 according to the Economic Research Institute for ASEAN
Most industries have been severely impacted by the COVID-19 pandemic with some hit more than others. When the deadly virus first broke out in Wuhan, China, one of the first sectors to feel the brunt of the coronavirus was tourism.
Indonesia has an issue as far as meeting the challenges of the Fourth Industrial Revolution go. The quickly evolving landscape and potential demands on the country’s workforce is shaping into a real concern.
Every year, the World Economic Forum (WEF)’s Executive Opinion Survey polls business leaders from around the world on their perceptions of top global risks.
The gig economy refers to the hiring of independent contractors and short-term workers by businesses. Talents that make up the gig economy are usually called freelancers, gig-workers, independent contractors and free agents.In recent years, more professionals are joining the gig economy to look for additional income or a change of pace in work.Technology is enabling gig economy workers to take on extra or freelance work from anywhere in the world.
The coronavirus pandemic has heaped pressure on the troubled World Trade Organization (WTO), a WTO leadership candidate said, warning the crisis could spell the end of rules-based international trade altogether.Liam Fox, Britain's first post-Brexit international trade secretary and one of eight candidates vying to become the WTO's next director-general (DG), voiced concern that countries might turn their backs on its multilateral trading model."The reaction of some countries to
While large traditional retailers announce big lay-offs because of the pandemic, sometimes shedding thousands of staff, coronavirus lockdowns have in contrast given e-commerce a major boost.Recent data shows a shift to shopping online - according to Kantar consulting group, international e-commerce grew 41 percent in only three months compared with 22 percent growth for 2020 as a whole to date, as the pandemic "transformed" retail habits.The trend was brought into sharp relief on 18
A 2019 study on Thai media habits conducted by the National Broadcasting and Telecommunications Commission showed that television (TV) as a medium will still be in widespread use in Thailand for the next decade.
In recent years, Malaysia’s property market has been resistant in terms of price. It was reported that over the last 30 years, house prices declined between 1998 and 1999 due to the impacts of the 1997 Asian financial crisis. Then in 2001, the property market in the country entered into a recovery phase. A few years later the mid-cycle dip took place during 2007 to 2009 because of the subprime mortgage crisis.