India’s digital payments see robust growth, transaction volumes surge 34.8%: report
Retail digital payments now account for 99.9 per cent of all non-cash retail transactions, a slight increase from 99.8 per cent the year before.
Business
Bank of Korea slashes growth forecast by half to 0.8%
In a bid to support the struggling economy, the central bank also delivered a quarter-point base rate cut. The downgrade factors in the 0.2 per cent economic contraction in the…
Kia launches its first Singapore-assembled EV
The Kia EV5, a five-seat sport utility vehicle sold by Cycle & Carriage, was previewed four months ago at the Singapore Motorshow in January. Assembling an EV5, which involves…
Nintendo, online marketplace operators join hands to prevent scalping of Switch 2
Nintendo will cooperate with the three companies in alerting users and requesting the removal of products listed against their sales guidelines from their online marketplaces.
Tesla’s US battery ramp-up opens doors for Korean material suppliers
As electric vehicle juggernaut Tesla urges longtime battery partner Panasonic to accelerate production in the US, Korean are poised to take the spotlight as key material suppliers…
Tension arises between Indonesia flag carrier Garuda and its pilots union over recruitment
The pilots union deemed the amount as unusual and criticised the move as inconsistent with a push from the government and the company for cost efficiency, urging management to…
Shell to sell local gas stations to new Indonesia-Philippine venture
Shell is selling its gas station business and related supply and distribution operations, but not its lubricant business, to an Indonesian-Philippine joint venture, with the…
Bangladesh to start mango exports to China
The mangoes are priced favorably from the consumer perspective, and many are also grown organically, said officials, adding that Bangladeshi mangoes will "make a huge difference…
China’s e-commerce platforms to adjust supply chains, logistics networks
Shein and Temu, two Chinese cross-border e-commerce platforms offering a wide selection of merchandise at competitive prices, recently raised prices for US consumers. The two…
Feeling the heat: Eateries, hawker stalls in Malaysia barred from using household subsidised gas cylinders
They have to use the new purple 14kg commercial gas cylinders, which cost RM70 – almost three times the price of household subsidised gas cylinders, which are sold at just RM26.