Indian Firm Eros Ready to Setup Malaysia’s First AI Park
India-based Eros investment group is set to invest $1 billion to establish Malaysia’s first AI park and movie studio, announced Gobind Singh Deo, Malaysia’s digital minister. The decision was followed by a series of meetings held with business leaders at a conference in New Delhi, where he met Ali Hussein,
Toyota & BMW Collaborate for Cell Vehicle Manufacturing
The two biggest automakers – BMW and Toyota- are poised to strengthen their relationship in fueling cell manufacturing and development. As per the latest reports, these auto giants are expected to sign a Memorandum of Understanding (MoU) to upgrade their partnership with a formal announcement on 5 September 2024. With
10 Largest Banks in Asia By Value, Total Assets & Market Cap
The banking industry has a diverse, influential global presence, with top institutions holding trillions of dollars in asset valuations. As the ever-evolving finance landscape of the Asia-Pacific region, lenders often look out for trusted and recognised banks to keep their money secure and meet the expectations of diverse global market
Driving Up Costs: Canada Imposes 100% Tariffs on Chinese EVs
Canada is following in the footsteps of the United States and the European Union in imposing 100% tariffs on the import of Chinese electric vehicles. The nation has also announced a 25% tariff on imported steel and aluminium from China. This duty applies to all EVs (Electrical Vehicles) shipped from
Investors Turning to ASEAN Market Amid Easing Inflation
As the market expectations of interest rate cuts by the Federal Reserve are growing, investors are now looking forward to high-growth investing opportunities in the ASEAN market. It will derive more benefits for the market positioning to benefit from tamed inflation. Since the middle of August month, the Southeast Asian
Sri Lanka Extends Free Tourist Visas to 35 Nations
In an attempt to boost its tourism sector, Sri Lanka has approved free tourist visas for visitors from 35 nations. According to the policy, tourists from India, China, the UK, Germany, Netherlands, Belgium, Spain, Australia, Denmark, Poland, Kazakhstan, Saudi Arabia, UAE, Nepal, Indonesia, Russia, Thailand, Malaysia, Japan, France and more
Amid Economic Woes, Southeast Asia’s Insurtech Thrives!
In spite of ongoing macroeconomic and geopolitical uncertainties, deals in Southeast Asia’s insurtech sector witnessed a significant increase, reaching $2.35b from 27 deals in 2023. According to the sources, Singlife’s merger with Aviva Singapore, valued at $2 billion, played a critical role in driving the trend. However, early-stage startups witnessed
India & Malaysia to Improve Relations Through Trade Boost
India and Malaysia enjoyed a long, strong relationship until 2019. Relations between the neighbouring nations went south after former Prime Minister Mahathir Mohamad spoke against New Delhi removing the autonomy of India’s only Muslim-majority region, Kashmir. Because of this, Malaysia’s export of palm oil to India took a massive hit.
PwC Loses Another Mega Client in China: Who Is To Blame?
PricewaterhouseCoopers (PwC), one of the biggest auditors in the world, has lost more than a dozen of its Chinese clients in the last two years. In May 2024, the company lost five of its major clients: China Taiping Insurance Holdings, China Merchants Bank, People’s Insurance Company of China, China Railway
Japan to Get New PM as Fumio Kishida Steps Down!
Japan’s Prime Minister Fumio Kishida is seeking the successor of his legacy as the leader of the ruling Liberal Democratic Party (LDP). Mr Kishida, who has been PM since 2021, has stepped down in the wake of a corruption scandal for his party, rising living costs, and a slumping yen.
