It isn’t easy for a person in power to share periods of vulnerability and imperfection from their lives, but early in our conversation, Lisa Yeoh did just that, and with no qualms whatsoever. It was the year 1998. Yeoh, who is now APAC vice president for sales and commercial operations at contact lens manufacturer CooperVision, was just two months postpartum with her first child when she was sent on a week-long work trip to Hawaii. Why two months? Because at that time, Singapore’s maternity duration was only half what working mothers get today. While her colleagues gushed over how exciting the opportunity she had to stay at a swanky resort for work must be for her, though, Yeoh found herself crying. “[My colleague said] Wow, you get to go to Hawaii! [but] I was so... depressed! Because I had to leave a very young child at home right, and for a week... When I came home, I opened the door, I saw my whole family with koyok on their heads — my mom, my husband — because the ... » Learn More about How to be an APAC business leader & raise 3 kids with no helper? With mistakes, great sacrifice & work-life ‘harmony’.
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Fast and consistent, Digi is constantly working to keep its customers connected, driving Malaysia to become a stronger digital nation DIGI has been named the fastest and most consistent mobile network by various independent third-party network benchmarking reports in the past few quarters, since 2020, all of which prove the mobile service provider’s solid commitment to connect customers to what matters most. Ookla, for example, ranked Digi as Malaysia's Speedtest Awards Winner for mobile network speed during Q3-Q4 in 2020. To win this award, Digi achieved a speed score of 29.36, with average download speeds of 29.59Mbps and average upload speeds of 11.75Mbps. It was also ranked most consistent operator in Q1-Q2 in 2020. In Q2 2021, Ookla’s Speedtest Intelligence revealed that Digi was again the fastest mobile operator among top providers in Malaysia with a speed score of 30.20 on modern chipsets. The accolades go on. Independent mobile analytics company Opensignal billed Digi as ... » Learn More about Gearing up for a stronger digital nation
SINGAPORE: Reopening demand and marooned containers have caused bottlenecks across supply chains just as the holiday shopping season kicks off in North America. It’s also prompting downgrades across analysts estimates for the upcoming earnings season. Few expect the supply snarls to end this year as an energy crisis stokes inflation fears. Caution abounds in the semiconductor, retail and raw material space. “The supply-chain problems are going to stay, leading to substantially higher prices, and major dislocations in parts of markets no one is expecting,” said George Ball, chairman of Houston-based investment firm Sanders Morris Harris. “Almost all segments of the economy that are not pure service or pure technology driven will be struggling with supply-chain issues for a long time.” Here are some challenges and opportunities identified by investors for key sectors ahead of the earnings season: > Semi snags – For the semiconductor industry, expectations are for more capacity ... » Learn More about Stock investors fret about supply chain woes
Harn Len Corp Bhd , a plantation company, which had slipped into the red for the last three quarters, is showing signs that it too is benefiting from current stellar crude palm oil (CPO) prices. Indications are that it could stem its losses by the end of the year. “We are pleased that we have narrowed our losses in the first half of the year despite these challenging times. “We are therefore cautiously optimistic that the subsequent quarters will be more positive for us,” managing director Low Quek Kiong tells StarBizWeek. For the second quarter (Q2) ended June 30, the Johor-based group posted a net loss of RM2.6mil, bringing the cumulative six months net loss to RM7.4mil – down by slightly more than half from the RM14mil losses a year ago. Revenue for this six-month period, meanwhile, improved by 90% year-on-year to RM89mil. According to Low, the company’s peak crop month had begun in September. “It is typically expected to last three to four months and should put us in ... » Learn More about Planting the seeds of recovery
SHANGHAI: Like the demise of Enron Corp. and the collapse of Lehman Brothers, the debacle at China Evergrande Group was inevitable to some only in retrospect. As recently as June 8, analysts at JPMorgan Chase upgraded their rating on the shares of the world’s most indebted developer to overweight from neutral. "Sales of Evergrande should improve, which should remove concerns among investors,” they wrote. While this might be among some of the most embarrassing calls, the JPMorgan Chase team was far from alone. Investors all over the world kept betting on China even as markets in Shanghai, Shenzhen and Hong Kong lagged the developed world. JPMorgan Chase declined to comment on its analysts’ Evergrande call. Some 86% of the more than 5,600 recommendations in China’s benchmark CSI 300 Index were a buy equivalent at the start of the year -- the most bullish outlook in a decade. The result was disappointment. Chinese stocks, which had recovered from the virus in 2020 before the rest of ... » Learn More about Down Is still up for foreign investors piling into China
NEW YORK: Stock s surged globally on Friday in their best day in five months as strong U.S. corporate earnings reports fueled optimism about the economy, though three-year-high oil prices kept inflation risks alive and lifted government bond yields. U.S. investment bank Goldman Sachs Group Inc was the latest on Wall Street to trounce market expectations when it reported a 66% surge in third-quarter profit, thanks to a record wave of investment banking activity. Though some analysts warned investors against complacency so early in the earnings season, especially given current constraints in the supply chain, U.S. stock s joined Friday's rally in global equities. The Dow Jones Industrial Average jumped 1.1% in its best weekly performance since June 25. The S&P 500 climbed 0.75% to notch its best week in 2-1/2 months, and the Nasdaq Composite added 0.5%. The pan-European STOXX 600 index rose 0.74% and MSCI's gauge of stock s across the globe gained 0.86%, the biggest ... » Learn More about World stocks notch best day in 5 months
Thailand will see an increase in deployment of digital healthcare with the aim to enable early-stage interventions that can improve health as well as healthcare delivery by enhancing effectiveness, efficiency, accessibility, safety and personalisation. The H4U (Health for You) mobile app developed by the Ministry of Public Health creates personal health profiles of patients that can be accessed from anywhere. Over the next 10 years, healthcare costs in Thailand will increase due to the ageing population. In view of this, the goal is to provide value-based healthcare using data analysis and artificial intelligence (AI) algorithms to predict and provide personalised services and telehealth to reduce unnecessary hospital visits. The government is also using AI and 5G technology to combat the current Covid-19 pandemic. This is helping doctors to quickly and accurately distinguish early, advanced and severe stages of Covid, leading to better diagnoses. Thailand offers a conducive ... » Learn More about The digital health difference
From the unexpectedly popular UOB KrisFlyer card to the newly introduced GrabPay credit card, there have been quite a few branded credit cards launched in the market. Here’s one more to add to the list: the Citi Lazada card. As you can probably guess, this card targets those who shop on Lazada. That’s a lot of people: according to a report by Statista , Lazada is second to Shopee as the top e-commerce site in Singapore with more than seven million monthly web visits in the first quarter of 2021. In a nutshell, the Citi Lazada card offers a whopping 10X rewards ($1 = four miles) on Lazada purchases, and 5X ($1 = two miles) rewards for other key spending categories like dining, travel, entertainment and transport. Is the Citi Lazada card really a godsend for Laz-addicts, or did they literally “play it up”? Here’s our take on the card. Citi Lazada credit card overview First, let’s look at the card benefits like bonus reward points (or air miles): Spending category ... » Learn More about Citi Lazada credit card review – is it only good for Lazada shoppers?
Frasers Property (Thailand) Public Company Limited, or FPT, the first company with a fully-integrated real estate platform in Thailand, on 15 October 2021 announced that TRIS Rating has upgraded the company rating from “A-” to “A” with a “stable” rating outlook. This reflects FPT’s status as a strategically important member of Frasers Property, a multi-national company that develops, owns and manages a diverse, integrated portfolio of properties. Mr. Thanapol Sirithanachai, Country Chief Executive Officer, Frasers Property Thailand, said: “Through the One Platform strategy, we maintain FPT’s status quo of leadership with the diversified portfolios spanning residential, industrial and commercial. While the integrated platform supports our business efficiency and risk management strategy, it also builds resilience into the portfolios, provides steady recurring income, and improves liquidity management capabilities. FPT is ready for investment opportunities and future developments.” ... » Learn More about Frasers Property Thailand celebrates the success
An electric cooperative in the Davao region is facing criticism from business groups and politicians over the allegedly poor quality of services it’s providing to its customers, Biz Buzz heard recently. Some influential voices in these sectors have even called for the termination of the franchise of Northern Davao Electric Cooperative Inc. (Nordeco) due to its alleged history of inefficient supply of electricity. Businesses, in particular, have been on the receiving end of the firm’s shortcomings. On Samal Island, for example, beach resort operators have to buy individual generation sets so that frequent power outages in the area won’t end up disrupting their operations. Nordeco customers in Davao also say the utility has been unresponsive to complaints, with many a phone call going unanswered. At the same time, Nordeco has an ongoing dispute with the Energy Regulatory Commission (ERC) about its plans to upgrade an existing 1-kilometer submarine cable in Davao City. Industry ... » Learn More about BIZ BUZZ: Trouble for a Davao power utility