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AliPay grows overseas with China outbound tourism

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 Insights

21-Jan-19 As Chinese consumers increasingly vacation overseas, their mobile-payment apps are following them, and offering a new way for merchants to attract customers. More than half of businesses saw an increase in foot traffic and transaction size after adopting Alipay. [image: Nielsen / Alizila]

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Malaysian medical device market takes hit as manufacturing slumps

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 Insights

18-Jan-19 Malaysia’s reluctance to sign the Trans-Pacific Partnership has resulted in a sharp slowing of investment. Malaysia approved 15 medical-device manufacturing projects in Jan-Sep 2018 for USD160 mn, notably lower than the 25 projects in 2017 worth USD500 mn. [image: Singapore Business Review]

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Made in China moves to Indonesia

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 Insights

16-Jan-19 As wages in China have risen, many Hong Kong enterprises with manufacturing there have tried to cut costs and navigate the Sino-US trade dispute by taking production offshore to emerging economies such as Indonesia, India and Vietnam. [image: HKTDC]

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Malaysia switches on real-time payments platform

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14-Jan-19 Malaysian consumers can now conduct instant P2P payments using just the recipient's mobile phone, passport or identity card number, with the go-live of the country's Real Time Payments platform Payments Network Malaysia (PayNet), powered by ACI Worldwide. [image: Finextra]

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From bikes to phones, 'Made in Vietnam' grows with foreign help

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13-Jan-19 Vietnamese companies are branching out into new areas, in line with the government's goal of establishing the country as a manufacturing powerhouse by 2020. Real-estate conglomerate Vingroup has started manufacturing e-motorbikes, smartphones and is set to enter the car industry. [image: Nikkei Asian Review]

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