Markets

Malaysia’s millennials need help

Local media recently quoted PricewaterhouseCoopers (PwC) Malaysia managing partner Sridharan Nair as saying that millennials (those born in the 1980s and 1990s) will make up about 75 percent of the global workforce by 2025. The Department of Statistics stated that around 9.4 million young Malaysians make up about half of the country’s workforce. Unfortunately, this poses a problem.The problem stems from a lack of financial literacy among today’s young Malaysians.

27 September 2019
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ASEAN faces more risks ahead of next downturn

Several structural shifts have left ASEAN more exposed to an economic downturn than during the last global financial crisis a decade ago.While ASEAN did not technically slide into recession during the last global financial crisis, structural traits that cushioned the region a decade ago – such as China’s strong growth and the global demand for commodities – now offer less of a buffer noted a report by global consultancy firm Bain & Co.

23 September 2019
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Online influencers changing the beauty industry

The global beauty industry is estimated to be worth US$532 billion and Asia-Pacific is the largest and among the fastest-growing markets for it. According to a 2018 report by Euromonitor on ‘Trends in Asian beauty and personal care,’ the region represents 32 percent of the global market and is expected to grow another 6.7 percent over the next five years.In Southeast Asia, more shoppers are buying online which is reflected in a 2018 report by Google and Temasek.

20 September 2019
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Indonesia's fisheries not managed efficiently

Blessed with six million square kilometres of ocean territory, Indonesia’s fisheries industry could make a larger contribution to its economy if better managed.Southeast Asia’s largest economy is the world’s second largest fish producer after China.

11 September 2019
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New era at Alibaba as Jack Ma rides into the sunset

Jack Ma stepped aside as leader of the Alibaba Group on Tuesday, ending a spectacularly successful 20-year run during which the charismatic former English teacher’s e-commerce company left a profound impact on China's economy.Ma, who also turned 55 on Tuesday, said farewell in a speech in the eastern city of Hangzhou where Alibaba is based, thanking employees and predicting a smooth transition to a team of executives led by CEO Daniel Zhang.“Today is not Jack Ma’s retirement.

11 September 2019
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Southeast Asia’s lucrative tuna industry

Tuna is the world’s most valuable fish. It can be found in inexpensive cans on a supermarket shelf or on the auction block being sold at high prices for its premium flesh, destined for high-end Japanese restaurants that serve sushi and sashimi. Globally, the commercial tuna market is worth approximately US$42 billion per year.Indonesia and the Philippines are among the top five tuna producers in the world.

6 September 2019
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ASEAN desperately needs sustainable tourism

From centuries-old temples in Cambodia to sleek new public transport systems in Singapore, tourism’s rapid growth is set to play a critical role in shaping infrastructure use in ASEAN. Around 129 million tourists visited the region last year, and that number is expected to rise to 155 million in 2020.

5 September 2019
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ASEAN Lacks Real Economic Integration

While European businesses are increasingly more confident about investing in ASEAN, the ASEAN Economic Community (AEC) is creating uncertainty for some business prospects according to a recent survey by the EU-ASEAN Business Council.Released on Monday, the EU-ASEAN Business Sentiment Survey – which polls European firms in the region – found that 88 percent of respondents expect to increase trade and investment in ASEAN in the next five years, up from 75 percent in 2018. 73 percent ex

4 September 2019
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Can reverse mentoring help ASEAN’s workforce?

Reverse mentoring was a concept popularised by Jack Welch, former CEO of General Electric (GE) in 1999. His pilot project involved the pairing of 500 senior and junior employees, where the latter would teach the former on the advances of technology.

3 September 2019
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Why agriculture investment in Lao is lacking

While the Lao PDR government recently called for increased investment in agriculture to boost its export market, there are several issues that have to be tackled before foreign investors come knocking.Speaking to local media earlier this week, Deputy Minister of Agriculture and Forestry, Dr Bounkhuang Khambounheuang, said Cuba and Indonesia expressed interest in importing 100,000 and one million tons of rice respectively, with Vietnam seeking to purchase 500,000 head of livestock.The country,

30 August 2019
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