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Google & aCommerce Present The ecommerceIQ Summit

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Southeast Asia’s ecommerceIQ Summit Launches with aCommerce, Google, and the Top 200 Innovators in Retail. With ecommerce making up less than 1% of all sales in SEA, Google & aCommerce have created the executive workshop to share data & actionable insights needed to move online

 aCommerce, one of Southeast Asia’s largest ecommerce service provider, and Google are bringing together the region’s ecommerce pioneers to help advance Thailand’s online retail sector The speakers participating represent the full online retail spectrum with top executives such as the CEO and COO of Lazada Thailand, SVP from Central Group, MD of Kiehl’s, GM of Kerry Express and more who will share their knowledge with an audience of over 200 of the most high-profile SMBs and brands in Southeast Asia.

“We’ve all gone through some hits and misses while testing the ecommerce market early,” says Paul Srivorakul, co-founder of Ensogo in 2010 and current Group CEO of aCommerce. “As such, we have launched the ecommerceIQ initiative because we want to help SMBs, retailers, brands and new entrants looking at Southeast Asia accelerate their learning curve by providing them with advice and data that helped us get to where we are today.”

As part of the launch of the ecommerceIQ brand, aCommerce will be releasing exclusive data from its first ‘Beauty Ecommerce’ research report.

The invited speakers will work closely with the editorial team to provide actionable…

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Techsauce is the partnership of two titans in the Thai technology startup industry between Thumbsup, the leading technology media in Thailand and HUBBA, the biggest coworking space network in Thailand.

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Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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Ecommerce

How will oil prices shape the Covid-19 recovery in emerging markets?

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How will oil prices shape the Covid-19 recovery in emerging markets?

– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability

A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.

Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.

The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.

Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.

In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.

While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.

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