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Starlink, owned by Elon Musk, is reportedly being used by scam compounds in Myanmar, where around 120,000 trafficking victims are forced to commit online fraud. Despite being banned in the country, data shows extensive Starlink usage at these sites, raising concerns about its role in facilitating modern slavery and organized crime. Efforts to address this issue have been met with silence from SpaceX, even as officials call for collaboration to shut down these operations.
Huawei hosted the APAC Eco Partner Summit 2025 in Kuala Lumpur, gathering over 160 partners from five countries to discuss the intelligent ecosystem and business strategies. Key topics included digital transformation in culture, tourism, and mobile gaming, with industry leaders sharing insights and case studies. Huawei emphasized its commitment to enhancing user engagement and supporting local enterprises in global markets, showcasing its innovative triple-fold smartphone and the growth of its app ecosystem.
HSBC is streamlining operations in smaller Asian markets by assigning additional responsibilities to country heads, including Peter Kim in Korea and Tim Evans in Vietnam, effective March 1. The changes aim to create a simpler organization to enhance customer service and accelerate strategic objectives, as CEO Georges Elhedery implements cost-reduction measures and job restructuring. New leadership roles will also be established in Malaysia, Taiwan, and Thailand, while the bank phases out general manager titles in favor of managing director titles.
HSBC is restructuring its leadership in Asia to streamline operations by assigning additional responsibilities to country heads in smaller markets. Effective March 1, Peter Kim and Tim Evans will take on dual roles in Korea and Vietnam, respectively, while other leaders in Malaysia, Taiwan, and Thailand will also assume additional duties. The changes aim to enhance service delivery and support strategic objectives, as CEO Georges Elhedery continues to implement cost-reduction measures and simplify the organizational structure.
The eFishery scandal is causing banks to reassess their approach to startup loans, as risk-averse lenders may become more cautious due to the lack of track records and collateral among new firms. However, banks are likely to continue serving these companies despite the challenges.In the investment sector, eToro is targeting a US$5 billion valuation for its upcoming IPO, following a previous failed attempt. The rise of younger, tech-savvy investors is reshaping the trading landscape, with platforms like Robinhood and Moomoo adapting to meet new demands.
Axiata Group Berhad reported a profit of 946.8 million ringgit (US$213.85 million) for FY24, more than doubling the previous year's earnings, driven by strong performance from subsidiaries like XL Axiata, Edotco, Robi, and Smart. Despite challenges, EBITDA grew by 12.3%, and net debt was reduced by 2.6 billion ringgit, improving the Net Debt/EBITDA ratio to 2.74x. However, Link Net and Dialog faced declines in revenue and profit due to competitive pressures and strategic adjustments.
HSBC's CEO Georges Elhedery is implementing significant changes to streamline operations and reduce costs, including appointing country heads in smaller Asian markets to dual roles. Key appointments include Peter Kim in South Korea and Tim Evans in Vietnam, while the bank is also restructuring its management titles and consolidating divisions. The revamp aims to enhance service delivery and accelerate strategic objectives across the region.
Southeast Asia is witnessing the early stages of a quantum computing industry, with Singapore leading through significant investments and startups like Horizon Quantum Computing and Entropica Labs. Meanwhile, Malaysia is launching initiatives to foster quantum research. As the technology advances, it promises to revolutionize sectors like drug design and cybersecurity, necessitating a reevaluation of current encryption methods.
UBS has increased its price target for Marvell Technology Group Ltd to $125 from $115 while maintaining a Buy rating. The company specializes in integrated communications and storage circuits, with net sales primarily from data centers (40.2%) and enterprise networks (22.3%), among other sectors. Geographically, sales are dominated by China (43.1%) and the United States (14.4%).
On January 7, 2025, Singapore and Malaysia signed an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ) in Johor, aimed at enhancing investment and economic ties. Spanning nine flagship areas, the JS-SEZ will focus on high-growth sectors, streamline cross-border connectivity, and create 20,000 skilled jobs, positioning itself as a model for regional cooperation and sustainable development in ASEAN.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
starlink technology aids human trafficking operations in southeast asia
12:30 27.02.2025
huawei hosts apac eco partner summit to enhance intelligent ecosystem collaboration
08:00 27.02.2025
hsbc enhances leadership roles in smaller asian markets to streamline operations
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15:11 26.02.2025
hsbc restructures leadership in asia to enhance operational efficiency
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09:57 26.02.2025
eToro targets five billion valuation amid changing startup loan landscape
08:00 26.02.2025
Axiata Group reports record profit driven by subsidiary performance in FY24
07:17 26.02.2025
hsbc implements major leadership changes to streamline operations in asia
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06:55 26.02.2025
quantum computing advancements signal new era for technology in southeast asia
08:00 25.02.2025
ubs raises marvell technology price target to 125 keeps buy rating
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14:41 24.02.2025
johor singapore special economic zone a new era for regional investment
11:46 22.02.2025
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