Malaysia
Malaysia Legalize E-Hailing Services
Malaysia’s parliament passed two bills that will legalize the e-hailing services like Grab and Uber in the country.
Malaysia’s parliament passed two bills that will legalize the e-hailing services like Grab and Uber in the country.
Malaysia’s parliament passed two bills legalizing e-hailing services
The amendments will allow the services to operate on an “intermediation business license”, a new category specific for the service.
The new license will regulate “the business of facilitating arrangements, bookings or transactions of an e-hailing vehicle whether for any valuable consideration or money’s worth or otherwise”, according to Malaysia’s Land Public Transport Act and the Commercial Vehicles Licensing Board (CVLB) bill.
The bill is supported by the cabinet even as taxi driver associations protested. The CVLB had previously declared that both Uber and Grab drivers were operating illegally in the country.
Read the full story here.
Grab starts full operations in Myanmar
After four-month trial period, Grab has begun full operations in Myanmar by launching localised apps with new safety and technology features.
Myanmar is the seventh market for Grab where it already has 5,000 drivers registered in its Myanmar’s network. The drivers is said to have seen 30% growth in their average income during the trial period.
Grab is also rolling out GrabVenue terminals at major shopping malls in Yangon that will allow customers without a smartphone to access the service.
The company claimed to have more than 1.1 million drivers in 65 cities across the seven countries and has recently raised $2 billion to strengthen its operations in Southeast Asia.
Read the full story here.
Amazon’s entry into Singapore marred by delivery problem
The company is unable to deliver goods to customers in Singapore after introducing its Prime Now two-hour delivery service in the state-country.
As of Friday afternoon, its Prime Now app was telling users that “delivery is currently sold out. Check back soon.” The service appeared to go down hours after its official launch on Thursday, according to media reports.
The company launched Prime Now app for customers in Singapore where they can shop and get tens of thousands of items delivered to their door with free delivery on orders of more than S$40 ($29). The service is available for trial for free for a…
Malaysia
Department of Foreign Trade (DFT) to organize Southern Trade Fair
The event will provide a platform for business negotiations and stimulate the economy, trade and investment in the three southern border provinces.
BANGKOK, 18 April 2019 (NNT) – The Department of Foreign Trade (DFT) will organize a Southern Border Trade Fair to provide knowledge to entrepreneurs in preparation for accessing the Malaysian market.
Hong Kong
Hong Kong’s Star is Fading – Where Will Asia’s Next Financial Center Be?
Rising concerns over the interventionist policies of the Chinese government have led to Hong Kong losing its luster
Not too long ago, it was universally agreed among the traders and bankers of the world that the city-state of Hong Kong was the place to do business in Asia.
Business
Malaysia World’s Best Countries To Invest In Or Do Business For 2018
Thailand ranked number 10, or fourth country of the Asean block after Malaysia, the Philippines and Singapore
Malaysia has been crowned as the best country in the world to invest in or do business for 2018, according to the CEOWORLD magazine.
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