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Adobe has partnered with Antom to enhance payment accessibility in Asia by integrating localized payment options into its platform. This initiative will introduce eight alternative payment methods, including AlipayHK, GCash, and Kakao Pay, aimed at simplifying transactions and improving user experience in key Asian markets. The collaboration reflects Adobe's strategic evolution in the SaaS landscape, addressing the need for region-specific payment solutions amid the rapidly growing Asia-Pacific payments market.
The inaugural GITEX ASIA x Ai Everything Singapore, set for April 23-25, 2025, at Marina Bay Sands, aims to unlock Southeast Asia's US$1 trillion digital economy potential by gathering over 700 global tech enterprises and 250 investors. The event will feature key programs like AI 100 and Singapore 100, showcasing groundbreaking innovations and promising startups, while also addressing cybersecurity challenges through GITEX Cyber Valley Asia. With a focus on collaboration and partnerships, it promises to be a pivotal moment for the region's tech landscape.
Albert Saniger, founder and former CEO of the AI shopping app Nate, has been charged with fraud by the U.S. Department of Justice. The app, which claimed to facilitate one-click purchases using AI, allegedly relied on human contractors in the Philippines for transactions, contradicting claims of minimal human intervention. The indictment highlights that the app's automation rate was effectively 0%, despite the company acquiring AI tools and hiring data scientists.
Indonesia's Finance Minister Sri Mulyani Indrawati warned that potential US tariffs could reduce the country's economic growth by 0.3 to 0.5 percentage points. To mitigate this impact, Indonesia plans to increase US imports, implement tax cuts, and ease import rules while emphasizing regional cooperation among ASEAN nations. Despite concerns, the overall effect is expected to be limited due to Indonesia's strong domestic market and lower export dependence on the US.
Kopi Kenangan has launched its first store in India, operating as Kenangan Coffee, at Pacific Mall in Delhi. This marks the brand's entry into its fifth Asian market, with plans to open over 10 outlets by 2025 and a long-term goal of 50 stores, investing up to 40 crore rupees in expansion. The menu will feature 35 beverages and 20 food items, with a focus on local sourcing and hiring.
Tech in Asia and The Business Times are hosting the inaugural Asia Economic Summit, uniting leaders from various sectors to address business challenges in the region. The event features prominent figures like Andre Djokosoetono and Jixun Foo, with early bird tickets available until April 14.Cinch, a Singapore startup, is revolutionizing gadget access through a device-as-a-service model, allowing businesses to rent devices and reduce upfront costs. Meanwhile, Ant International has expanded its payment services in Sri Lanka, partnering with LankaPay to facilitate cross-border mobile payments, enhancing local merchant opportunities and tourist experiences.
The UAE's outstanding bonds and sukuk reached $309.4 billion in Q1 2025, marking an 8.3% increase from the previous year. Sukuk accounted for 20.2% of this total, with new issuances hitting $4.9 billion, while bond issuances stood at $24.1 billion. The UAE ranks fourth globally in sukuk market share and second in the GCC for outstanding debt, holding 30% of the region's total.
The Indonesian rupiah opened at a record low of 16,898 per US dollar on April 7, falling 1.47%. It led declines among Asian currencies, with the Taiwan dollar, Malaysian ringgit, and Philippine peso also weakening. In contrast, the Japanese yen gained 0.49% against the dollar.
Shopee's unexpected termination of its partnership with J&T Express for shipping in Indonesia has ignited discussions on social media, raising questions about the company's motives. While J&T has been competitive with Shopee's in-house logistics, this decision marks a significant setback for J&T in Southeast Asia's largest ecommerce market. Amid a price war and declining funding, logistics and ecommerce enablers are adapting to survive and grow in a challenging landscape.
The trend of "greenhushing" is emerging among US companies, leading them to downplay their climate initiatives, which may discourage smaller firms in Asia from pursuing climate change efforts. Meanwhile, significant investments in climate tech are being made in Asia, with China taking a lead in renewable energy advancements. As the US retreats from climate discussions, Asian markets are increasingly embracing green investments, signaling a shift in the region's approach to sustainability.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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