What's the
latest news in Asia?

Find out the current events and relevant news in the region that may impact your business decisions and on-going outsourcing partnerships.

September 18, 2020

Delta Electronics Vietnam Co., Ltd, a subsidiary of Delta Electronics (Thailand) PCL., announced the completion of its new green data center for HTC-ITC, a subsidiary of Hanoi Telecom. It is Vietnam’s first data center to achieve successful certification from the Uptime Institute Tier Certification of Constructed Facility (TCCF). The green data center offers users in Vietnam with improved connectivity and provides HTC-ITC’s customers a high quality service.

There are three stages in the certification process of the reputable Uptime Institute, which Delta’s green data center passed.

Tier III Certification of Design Documents (TCDD) from December 2019 and issued in January 2020

Data center installation completion and preparation for the TCCF test throughout August 2020

Tier III Constructed Facility Certification (TCCF) issued in September 2020

Delta was the only provider in Vietnam to take on the challenge of going through the Uptime Institute data center verification process and successfully achieve compliance with 2N Tier III availability and reliability standards.

September 18, 2020

Two SEA Gamer Mall executives were charged by the US Department of Justice (DoJ) for their involvement in a global hacking operation in at least the past six years. The gaming store confirmed its lawyers are currently handling the case and going through the indictment papers issued by the US DoJ.

The executives were identified as Wong Ong Hua, 46, founder and chief executive officers of SEA Gamer Mall, and Ling Yang Ching, 32, partner and chief product officer.

The charges were 23 counts of racketeering, conspiracy, identity theft, aggravated identity theft, access device fraud, money laundering, violations of the Computer Fraud and Abuse Act, and falsely registering domain names.

US Deputy Attorney General Jeffrey A. Rosen announced that there are a total of five Chinese and two Malaysians charged for running global hacking operations to steal identities and video game technology, plant ransomware, and spy on Hong Kong activists.

He said the Chinese defendants targeted more than 100 victims across the globe from various industries and sectors.

September 16, 2020

Chinese tech giant Tencent confirmed opening a new Singapore office to be its Southeast Asia hub as it faces issues in the US and India.

Tencent announcement said it was “expanding its business presence in Singapore to support our growing business in Southeast Asia and beyond”. The company already has offices in Malaysia, Thailand, and Indonesia.

The plans to create a regional hub in Singapore had been fast-tracked due to the geopolitical tensions, Bloomberg News said. There are numerous international companies that have been setting up regional offices in Singapore. Observers think that the instability in Hong Kong – the country’s long-term rival – is causing a boost in attracting businesses.

Singapore leaders, most of whom are ethnic Chinese, have been careful with keeping good relations with both the US and China.

September 16, 2020

The Asian Development Bank (ADB) forecast said that economic recovery in the Asia Pacific region will be “swoosh-shaped” in 2021. Furthermore, it warned that additional restrictions to combat the pandemic may hinder the region’s return to growth.

Developing Asia is predicted to contract in 2020, the first time in almost 6 decades. The 0.7% decrease in gross domestic product (GDP) compared to the June estimate of 0.1% growth marks “the first regional GDP contraction since the early 1960s”.

GDP growth projection for next year is 6.8%, which is considered “substantially smaller” than the forecast pre-pandemic.

“Thus, the regional recovery will be L-shaped or ‘swoosh-shaped’ rather than V-shaped,” said ADB, also noting the prolonged pandemic threatens this view.

ADB warned that reimplementing tough restrictions could impede the recovery and even cause “financial turmoil”.

September 11, 2020

An executive order (EO) on liberalizing satellite access to enhance Internet connectivity in the Philippines is far from possible, because by doing so President Rodrigo Duterte may step on the powers of Congress. Furthermore, Presidential Spokesperson Harry Roque said the proposal of the Philippine Chamber of Commerce and Industry (PCCI) needs to be studied further.

PCCI earlier urged the President to sign an EO that will allow Internet service providers to utilize satellite technology for the improvement of connectivity in the country.

PCCI President Amb. Benedicto Yujuico underscores technology’s crucial role in countering the challenges of survival, recovery, resilience, and sustainability.

The President has previously declared that the government will move ahead with the country’s digital transformation, allocating funds for related projects in 2021. P21.4 billion has been budgeted for the Medium-Term Information and Communications Technology Harmonization Initiative to ensure interoperability of ICT resources and programs.

September 9, 2020

Taiwanese tech sector’s efforts continue to create progress in system integration. The country’s manufacturers and developers from various industries have been working together towards a mutual goal of becoming Asia’s ‘Silicon Valley’ and providing support in the development of smart solutions.

The System Integration Award 2020 aims to encourage Taiwanese industry players to offer smart system integration applications to overseas markets with the goal to establish the country as a leading provider of smart city solutions.

This year’s awardees are leading companies in their respective sectors: Noodoe Corporation, LILEE Systems, PaKing Technology Inc., and Geosat Aerospace & Technology Inc. The four winners were invited to talk about their successful projects at the online seminar of the 2020 World System Integrator Conference scheduled on September 22.

The System Integration Award 2020 is co-organized by the Taipei Computer Association (TCA), the System Integration Promotion Alliance Project Office, the Industrial Development Bureau (IDB), the Ministry of Economic Affairs, and the Global Organization of Smart Cities (GO SMART).

September 9, 2020

The pandemic has hit small to large enterprises from various industries in Nepal. An estimate of about 90% of the small and medium enterprises — contributor of 22% of Nepal’s gross domestic product (GDP) — have remained close.

Most recent government data showed that Nepal’s GDP saw a massive decrease in the 3rd quarter of the last fiscal year. The 4-month lockdown from March to July is foreseen to decimate the 4th quarter GDP. Based on the Central Bureau of Statistics data, at least 5 out of 15 sectors reported negative growth in the 3rd quarter. More sectors are expected to see a negative growth when the 4th quarter data is released.

The Nepal government did not declare a lockdown. However, coronavirus restrictions are being implemented, and COVID-19 cases continue to rise steadily. Businesses are getting very worried because of the plans to extend the current restrictions.

Both economists and businesses say that if businesses are not allowed to resume, the country’s economy may face a major setback that will result in an increase in unemployment.

September 3, 2020

Vietnam’s Deputy Prime Minister & Foreign Minister, Pham Binh Minh and Thailand’s Foreign Minister, Don Pramudwinai shared views on cooperation between the two countries during a virtual talk on September 3rd of this week.

Both sides agreed to conduct more all-level meetings and visits and work together in preparation for the activities for the 45th anniversary of their bilateral diplomatic ties in 2021. In addition, the nations will continue to utilize current bilateral cooperation mechanisms, which include organizing a 4th joint cabinet meeting and the signing of an action plan for the implementation of their enhanced strategic partnership for 2021-2025.

Vietnam and Thailand are targeting bilateral trade of $20 million annually and sign a new labor agreement. Vietnam commits to creating beneficial conditions for Thailand to invest in its strong industries, while Thailand will continue to encourage and support its investors to invest in Vietnam. Both countries approve to the expansion of cooperation in the areas of education, tourism, culture, and people-to-people exchange.

September 3, 2020

Research by Grand View Research, Inc. reports that the global recruitment process outsourcing (RPO) market size will reach $20.8 billion by 2027 with a compound annual growth rate (CAGR) of 18.5%. This foreseen significant growth in the RPO market is attributed to the increasing demand for updated recruitment and hiring processes. The introduction of digital recruitment strategy is also expected to open opportunities in the hiring processes.

Technology is predicted to play a crucial part in improving the current recruitment process in the coming decade. HR automation and the use of artificial intelligence (AI) for talent sourcing and screening are among the gamechangers molding the future of RPO. Additionally, the use of data-driven tools, mobile application platforms, and social media marketing for recruitment make the hiring process simpler and more efficient.

September 3, 2020

India banned a total of 224 Chinese-linked mobile apps citing concerns over data privacy and threats to national security. China responded by urging the country to stop the ban.

In the Chinese embassy statement, it said, “China urges Indian government to rectify discriminatory practices of blocking Chinese Mobile Apps with excuse of national security which violate WTO rules, provide open, fair and impartial business environment, and return to right path of win-win cooperation.”

Chinese Foreign Ministry spokesperson Hua Chunying said that such action harms the rights and interests of both Indian users and Chinese businesses, concluding that the ban is not beneficial to anyone.

September 1, 2020

The Philippine government further eases quarantine restrictions allowing fitness gyms, barber shops, and Internet cafes in Manila to partially reopen. The country continues to struggle in finding balance between enforcing public restrictions and managing economic concerns.

The Philippines currently has the most coronavirus infections in Southeast Asia. There are more than 220,000 COVID-19 cases with almost 3,500 deaths reported in the country.

Shortened nighttime curfews are being implemented for a month in most cities in Metro Manila and outlying provinces.

COVID-19 cases have spread away from the capital. President Rodrigo Duterte ordered Iligan’s southern city to be placed under a mild lockdown after reports of an increase in community infection.

September 1, 2020

India’s economy shrinks sharply in the second quarter of the year based on official data. The decrease by 23.9% is the worst that’s recorded since 1996 when the country began releasing its quarterly data. The coronavirus pandemic resulted to adverse effects in India’s economic activity during the quarter. Experts fear it will face a recession if the economic contraction will continue in the next quarter.

Almost every segment, including hotels, trade, electricity generation, manufacturing, and construction, has showed a sharp contraction within the three-month period. It’s only the agriculture sector that has gained a 3.4% growth.

The pandemic worsened the current economic challenges of India. In 2019, unemployment hit a 45-year high and growth decreased to 4.7%, the lowest in six years. 121 million Indians lost their jobs in the first month of the lockdown as reported by the Centre for Monitoring Indian Economy (CMIE). However, CMIE also reports that an estimated 10 million of those jobs have returned when the economic activity resumed in June. Experts believe that majority of these jobs are in the informal sector, mostly in agriculture.

September 1, 2020

The Malaysian Democratic Action Party (DAP) launched a website called “aduanmoratorium” to help Malaysians who were denied a 6-month moratorium extension for their loans.

The website will collect the information of borrowers so their financial concerns can be brought up with the Bank Negara Malaysia, the Malaysian government, and the country’s Finance Ministry.

“Many have gone to the banks now and gotten no approval for their extensions. Hence, we hope this portal will help them as there are 7.7 million Malaysians who have loans and over 3,000 small and medium enterprises that are affected by the pandemic and in need of financial aid,” DAP Secretary-General Lim Guan Eng explained.

Organizations like the Malaysian Trades Union Congress have previously called upon the federal government to extend the moratorium for Malaysians in the Bottom to Middle 40th per centile to ease expected financial pressure caused by the economic slowdown.

Likewise, the Federation of Malaysian Manufacturers had a similar plea for extension, stating that this can help businesses avoid possible downsizing and hasten the country’s recovery.

Sign Up for a Free Consultation

Tell us what you need by answering these questions.

What services do you want to outsource?
How many staff to outsource?
What skill level do you need?

Want to know the cost of outsourcing your business processes?

Stay updated on the latest news