Staff Reporter
Asia’s economic growth expected despite China slowdown, higher geopolitical risk
Asia’s economic growth expected despite China slowdown, higher geopolitical risk
The region is expected to account for 60% of the global economy in 2024, EIU reported.
Market cap of top insurers climbs in Q4, first three months in ‘choppy’ waters
Demand for life and cyber coverage, China's reopening, and the adoption of insurtech could drive the industry forward.
Over half of Australians wants to eat healthier in 2024
On the other hand, 26% struggle to make healthy choices.
Online grocery sales growth slows in Asia
A significant decline in basket sizes were seen in Malaysia and India.
Around 3 in 5 energy CEOs prioritise AI investment
They have concerns about ethical practices such as plagiarism and data protection.
January renewals show upbeat market, capital to rise
Last year was profitable for reinsurers with returns almost reaching 20%.
Korea bound for greener pastures in 2024, 2.6% growth projection
Non-life market to beat life sector in premium volume.
Around 4 in 5 SG e-commerce organisations adopt AI
About 38% are still experimenting with AI implementation.
Saudi Arabia’s Panda Retail uses AI for pricing decisions
This will be applied to about 200 hypermarkets and supermarkets.
ASEAN solar, wind capacity up 20% in 2023
Around 23 GW of renewable energy projects are expected to come online by 2025.
APAC nuclear operational capacity reaches 132 GW
China has the most consistent performance in terms of nuclear capacity.
Excess of loss pricing in APAC reverts to pre-2023 levels amid market stabilisation
The renewal season reflects significant changes in market conditions compared to the previous year.
Mobile usage at an all-time-high in 2023
Total hours people spent in mobile-first markets reached 5.1 trillion hours total.
Disinformation and misinformation are top risks in 2024 – WEF
Two-thirds of experts anticipate a multipolar or fragmented order in the next 10 years.
EY’s Chow Sang Hoe advocates businesses' roles in socio-economic development through collaboration, innovation, ESG
The EY Managing Partner shared key drivers for successful digital transformation, emphasising leadership, clear strategy, cultural change, employee engagement, and communication.
Bridging tradition and transformation: Deloitte Partner Murali Samy provides perspectives on navigating Malaysia's business future
Dive into the heart of Asia's bustling business landscape with Audit Partner Murali Samy as he shares his insights on the challenges and opportunities that define this dynamic economic hub.
Deloitte’s Lloydon Leong highlights generative AI’s impact, explores challenges of establishing effective governance
Lloydon who is a Director at the Risk Advisory practice in the Malaysia firm shares insights into the challenges and opportunities of adopting technology for excellence, emphasising the crucial role of effective governance in ensuring scalable and responsible use of AI.
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