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Chinese firms, facing steep US tariffs, are increasingly turning to Indian exporters for assistance in fulfilling American orders through commission-based arrangements. This strategy allows Indian companies to leverage their manufacturing capabilities while maintaining Chinese brand relationships, despite significant investment restrictions in India. As trade dynamics shift, this collaboration could enhance India's role in global supply chains and reshape long-term trade relationships.
[Source]
Indonesia's Quick Response Code Indonesian Standard (QRIS) payment system is expanding regionally, now compatible with systems in Singapore, Malaysia, and Thailand, despite US criticisms regarding trade barriers. With over 56 million users and 2.6 billion transactions, QRIS is a key part of Indonesia's digital transformation strategy, projected to boost the digital economy to $146 billion by 2025. The introduction of QRIS Tap, utilizing NFC technology, further enhances its appeal, positioning Indonesia as a leader in the growing global QR payments market.
Indonesia's central bank, Bank Indonesia, has defended its Quick Response Code Indonesia Standard (QRIS) against U.S. criticism, asserting it aligns with global standards and promotes financial inclusion. Despite concerns raised in the U.S. National Trade Estimate Report, QRIS has become integral to regional payment integration, facilitating cross-border transactions and reflecting a shift towards digital payment systems in Southeast Asia. With significant user adoption and merchant participation, QRIS aims to enhance Indonesia's role in international payment networks while navigating pressures from established global payment providers.
Huawei's Smart Decision solution is enhancing telecom growth by providing precision marketing capabilities that enable real-time market analysis and customer targeting. This tool helps telecom companies like AIS in Thailand and MOOV Africa Gabon Telecom to optimize their services and meet evolving customer expectations, ultimately driving revenue growth. Huawei plans to further innovate this solution to support telecom operators in boosting their economic value.
Saudia Group has secured an agreement with Airbus for up to 20 A330neo jets, including 10 firm orders for its low-cost subsidiary, flyadeal, with deliveries set between 2027 and 2029. This order follows a previous commitment for 105 A320neo family aircraft and supports Saudi Arabia's Vision 2030 by enabling flyadeal to enter long-haul operations to Southeast Asia. The A330neo, powered by Rolls-Royce Trent 7000 engines, can fly up to 7,200 nautical miles, enhancing Saudia Group's fleet of 194 aircraft and its global reach.
Zus Coffee plans to open nearly 200 new stores in Southeast Asia by 2025, including 107 in Malaysia, 80 in the Philippines, and its first locations in Thailand and Indonesia. The chain has surpassed Starbucks as Malaysia’s largest coffee operator, capitalizing on Starbucks' recent decline due to geopolitical tensions affecting its local operator.With a technology-driven model, Zus Coffee reported a threefold increase in net income to 37 million ringgit (US$8.4 million) in 2024, with 70% of sales from online orders. Their strategy of localizing flavors and reducing operational costs allows them to offer products over 20% cheaper than Starbucks, effectively creating a new market segment in Malaysia.
Delivery Hero's foodpanda will cease operations in Thailand on May 23, 2025, as part of a strategic shift to focus on more profitable markets in the Asia-Pacific region. Despite the exit, the regional team will remain in place, reflecting a commitment to regional expertise while navigating a competitive landscape dominated by local players like GrabFood and LINE MAN Wongnai. The decision follows a trend of geographic rationalization in the food delivery industry, driven by the need for profitability amid intense competition and consumer affordability concerns.
Morgan Stanley, Bank of America, and Citigroup topped the 2024 Global Equity Broker Liquidity Rankings, providing the most liquidity for institutional equity traders, with Goldman Sachs and JP Morgan following. The rankings, based on over $37 trillion in executed trades, aim to help buy-side firms identify liquidity and improve trading relationships. The TT Broker Scorecard, launched by Trading Technologies, offers detailed insights into broker performance, including execution quality and commission rates, enhancing transparency in the trading landscape.
[Bloomberg]
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