Malaysia Pioneers AI Regulation with National Office
On Thursday, Malaysia inaugurated a national artificial intelligence office to shape policies and address regulatory issues, aiming to become a regional AI development hub. Over the past year, the Southeast Asian nation has attracted billions in investments from global tech firms to build essential infrastructure for meeting the rising demand
Nvidia Hit by China’s Anti-Monopoly Investigation
Chinese authorities launched an antitrust investigation on Monday against Nvidia, one of the world’s biggest chip manufacturers. According to the authorities, Nvidia has breached the country’s anti-monopoly law. The company’s share value slid by 2.2% after the news broke. However, experts claim that the investigation is retaliation against Washington’s latest
Sony and Honda’s Bold Step into the EV Market
In the latest development, the giant automaker Honda and Sony have joined hands to capitalise on the shift in consumer demand towards electric vehicles. According to Livemint, Sony will unveil its new prototype Vision-S electric vehicle in January and announced that its new subsidiary will explore growth options in the
South Korean President Faces Calls for Impeachment
South Korean lawmakers on Wednesday demanded President Yoon Suk Yeol’s impeachment following his abrupt declaration of martial law, which he reversed just hours later. This plunged Asia’s fourth-largest economy into its most significant political crisis in decades. The announcement on Tuesday night sparked a confrontation with parliament, which defied his
Philippine VP Under Fire for Presidential Threats
Several prominent civil society activists from the House of Representatives of the Philippines lodged an impeachment motion against Vice President Sara Duterte for giving death threats to the President of the country. Moreover, she is accused of extra-judicial killings, corruption, and failure to hold ground against Chinese aggression in the
JP Morgan Hit with Massive Fine by Singapore’s Cenbank
US lender JP Morgan Chase was fined for being incompetent in preventing its relationship managers from defrauding its clients. On Monday, the Central Bank of Singapore fined the US lender $1.79 million for failing to prevent and detect the misconduct. According to Yahoo Finance, the Monetary Authority of Singapore (MAS)
Hong Kong’s Real Estate Titan Will Go Private
A consortium comprising Starwood Capital Group and Warburg Pincus is reportedly nearing an agreement to privatise ESR Group, a Hong Kong-listed real estate fund manager valued at over $7 billion. According to ESR, the consortium also includes the company’s founders and a subsidiary of the Qatar Investment Authority, a sovereign
How Are Smart Cities In Asia Impacting Business Growth?
Asia is a developing continent. Rising urbanisation is accelerating growth. The concept of smart cities in Asia is transforming almost everything, from the way of life to work and business. The implementation of technology like the Internet of Things (IoT), Artificial Intelligence (AI), and big data have shaped urban living.
Foxconn’s Worldwide Strategy Deflects Tariff Impact
Amid the growing concerns about Donald’s trump tariff plans, Asian chip manufacturer Foxconn stands tall with a global footprint. According to Reuters, Foxconn mentioned that they will have little impact of the US tariff plans, if any, due their global presence. Moreover, chairman of the contract manufacturer and key Apple
E-Commerce in Asia: Will it be the Next Big Thing in Asia?
Asia, with 58% of the world’s population, is one of the fastest-growing markets for E-commerce, and its growth trajectory doesn’t seem to slow down. In 2023, Statista reported that by 2025, E-commerce in Asia can account for almost 60% of global e-commerce sales. So, if you put two and two
