In 2022, the digital economy of Southeast Asia was estimated at $1.6tn GVA, which is equivalent to 44.8% of the region’s GDP. 62.9% of it was represented by the Digital payments sector, which is equivalent to approximately $1tn of gross value added. Digital payments were followed by Electronics & optical production (21%), Information and telecommunication […]
The year 2024 is expected to present challenges for banks as they prepare to navigate a range of macroeconomic hurdles. It is important for banks to focus on operational efficiency and managing their risks, to be ready to reap the rewards when growth returns in 2025, according to KPMG’s latest report. The KPMG Hong Kong […]
Stears (https://www.Stears.co/home/), a leading economic analysis and data-driven insights provider, has unveiled its much-anticipated 2024 African Outlook Report, delivering nuanced insights into the continent’s economic landscape. Contrary to broad generalisations, the report sheds light on the diverse growth trajectories across Africa, with East Africa emerging as a regional powerhouse. In 2024, Africa’s overall growth is […]
Think SME, a leading accountancy and corporate service provider headquartered in Singapore, today announced its strategic expansion into Hong Kong and China. The move signifies the company’s unwavering commitment to assisting small and medium enterprise owners and entrepreneurs in achieving their full growth potential in an effective and hassle-free way. Founded in 2013, Think SME […]
The financing package comprises a €1.027bn loan guaranteed by ECAs and a separate €220m commercial loan facility supported in part by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). MUFG was appointed the sole mandated lead arranger, coordinator, structurer and agent bank by the Turkish Ministry of Treasury and Finance. UKEF […]
Fibank (First Investment Bank) has launched a new high-end card product suitable for business customers – Visa Platinum Business Debit. The cards are designed for managing company funds and bring a number of privileges to customers, such as: Attractive cash back; Travel insurance with comfortable coverage when traveling abroad; Exclusive services and other benefits. Fibank […]
Liberis, a pioneer in embedded business finance solutions, announced it has secured $112m in debt financing to support its further growth in North America and Europe and expansion into new markets, including Canada and Germany. This strategic collaboration is set to inject a substantial sum of $112m from HSBC Innovation Banking and BCI Capital across […]
PayU GPO, the leading online payment service provider operating in over 30+ emerging markets, today releases new data on Black Friday’s impact on emerging markets’ e-commerce landscapes. The annual e-commerce event generated enormous sales volumes across Latin America, Central and Eastern Europe and Africa, demonstrating these regions’ value to international retailers. The data reveals that despite ongoing economic […]
Ahead of COP28, the UN’s International Fund for Agricultural Development (IFAD) urges global leaders to shift gears and drastically and urgently scale-up climate finance for small-scale farmers and small agribusinesses, who produce one third of the world’s food and up to 70 percent of the food in low- and middle-income countries. Many are brutally impacted […]
Poland has strong advantages that can help strengthen its position on the global stage of financial centers. This is the main message promoted by the delegation of Polish companies and institutions during the Singapore Fintech Festival. The potential of Poland, possible synergies, and collaboration opportunities were also discussed by participants at the Poland ASEAN Fintech […]
