Asian Business Review

5G service expansion to drive APAC mobile services market
Growing 5G availability in the region will increase the market’s revenue to $479b
Globe sheds strategic shift from telco giant to tech innovator
The Philippines’ widening healthcare gap and poor sustainability initiatives open Globe CEO Ernest L. Cu’s eyes to an opportunity.
Metaverse seen by consumers as unimpressive
^ "https://vimeo.com/889808650"
Despite high revenue projections, the metaverse fails to win consumer interest.
Global reinsurers must have a watchful eye: AM Best
Reinsurers must navigate a high inflationary environment.
Global insurtech investments impress Q3 expectations: Gallagher Re
P&C insurtech investment mainly pushed the quarter’s growth.
APAC’s healthcare spending to surge 9.9% in 2023 – WTW Survey
The region’s 2023 prediction is smaller than the global average of 10.7%
China's top 8 insurers embrace self-regulation in motor insurance shift: Nomura
The agreement aims to adhere strictly to regulatory requirements.
Singapore FinTech Festival 2023 draws record 66,000 participants
Participants came from over 150 countries and regions, from just 115 in 2022.
Return on investment guaranteed in using AI in logistics
^ "https://vimeo.com/887867410"
Emerging technologies like AI, IoT, and blockchain are improving logistics operations.
ASEAN has over 99% untapped wind, solar potential
The region has 30,523 GW solar potential and 1,383 GW projected wind capacity.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
Only six out of 10 said they are ready to handle business risks: Aon survey
About three of 10 persons have been affected by last year’s top business risks.
Maybank profits up 21% to $1.48b in 9M 2023
Profit before tax is up 14.4% in the first nine months of the year.
Hourly Breaks for heavy outdoor work introduced in Singapore
Workers with heavy physical activities are now mandated to have a 10-minute break under shade every hour as announced by Singapore’s Ministry of Manpower (MOM).
Electric Vehicles see increased demand in Asia amidst climate goals
Net-zero targets of Asian countries by 2050 to 2070 push the demand for EVs.

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Exclusives

Exclusives

OCBC Indonesia undergoes rebranding, logo change for a unified financial future
The emblematic change carries OCBC Group’s ‘One Brand, One Group Unity’ strategy across markets in Singapore, Malaysia, Hong Kong, Macau, and mainland China.
Indosat Ooredo Hutchison sees 5G network supporting Indonesia’s Smart Cities
The telecommunications operator employs IoT-based technology solutions that can be used to monitor city conditions in real-time.
Globe sheds strategic shift from telco giant to tech innovator
The Philippines’ widening healthcare gap and poor sustainability initiatives open Globe CEO Ernest L. Cu’s eyes to an opportunity.
Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
PLN Icon Plus provides bundling solutions to expand PV Rooftop services
The company utilised the PLN app, downloaded by 43 million users, to streamline installations and monitor energy consumption efficiently.  
Shipping & Marine Hong Kong needs to act to keep its global maritime hub status afloat
As of 2023, Hong Kong maintains a 2.4% share of the world fleet in terms of vessel numbers.
Shipping & Marine Sustainable fuels not a silver bullet for shipping decarbonisation – experts
The shipping industry can only achieve a 2.8% emission reduction, even if it uses 54% of the world’s renewable energy.

Top News

5G service expansion to drive APAC mobile services market
Growing 5G availability in the region will increase the market’s revenue to $479b
Globe sheds strategic shift from telco giant to tech innovator
The Philippines’ widening healthcare gap and poor sustainability initiatives open Globe CEO Ernest L. Cu’s eyes to an opportunity.
Metaverse seen by consumers as unimpressive
^ "https://vimeo.com/889808650"
Despite high revenue projections, the metaverse fails to win consumer interest.
Global reinsurers must have a watchful eye: AM Best
Reinsurers must navigate a high inflationary environment.
Global insurtech investments impress Q3 expectations: Gallagher Re
P&C insurtech investment mainly pushed the quarter’s growth.
APAC’s healthcare spending to surge 9.9% in 2023 – WTW Survey
The region’s 2023 prediction is smaller than the global average of 10.7%
China's top 8 insurers embrace self-regulation in motor insurance shift: Nomura
The agreement aims to adhere strictly to regulatory requirements.
Singapore FinTech Festival 2023 draws record 66,000 participants
Participants came from over 150 countries and regions, from just 115 in 2022.
Return on investment guaranteed in using AI in logistics
^ "https://vimeo.com/887867410"
Emerging technologies like AI, IoT, and blockchain are improving logistics operations.
ASEAN has over 99% untapped wind, solar potential
The region has 30,523 GW solar potential and 1,383 GW projected wind capacity.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
Only six out of 10 said they are ready to handle business risks: Aon survey
About three of 10 persons have been affected by last year’s top business risks.
Maybank profits up 21% to $1.48b in 9M 2023
Profit before tax is up 14.4% in the first nine months of the year.
Hourly Breaks for heavy outdoor work introduced in Singapore
Workers with heavy physical activities are now mandated to have a 10-minute break under shade every hour as announced by Singapore’s Ministry of Manpower (MOM).
Electric Vehicles see increased demand in Asia amidst climate goals
Net-zero targets of Asian countries by 2050 to 2070 push the demand for EVs.

Exclusives

OCBC Indonesia undergoes rebranding, logo change for a unified financial future
The emblematic change carries OCBC Group’s ‘One Brand, One Group Unity’ strategy across markets in Singapore, Malaysia, Hong Kong, Macau, and mainland China.
Indosat Ooredo Hutchison sees 5G network supporting Indonesia’s Smart Cities
The telecommunications operator employs IoT-based technology solutions that can be used to monitor city conditions in real-time.
Globe sheds strategic shift from telco giant to tech innovator
The Philippines’ widening healthcare gap and poor sustainability initiatives open Globe CEO Ernest L. Cu’s eyes to an opportunity.
Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
PLN Icon Plus provides bundling solutions to expand PV Rooftop services
The company utilised the PLN app, downloaded by 43 million users, to streamline installations and monitor energy consumption efficiently.  
Shipping & Marine Hong Kong needs to act to keep its global maritime hub status afloat
As of 2023, Hong Kong maintains a 2.4% share of the world fleet in terms of vessel numbers.
Shipping & Marine Sustainable fuels not a silver bullet for shipping decarbonisation – experts
The shipping industry can only achieve a 2.8% emission reduction, even if it uses 54% of the world’s renewable energy.

Join the Asian Business Review community