“A key issue of recent times, US and European anti-trust laws are looking to take apart major business units of Facebook, Apple, Amazon and Google (a space to watch).
Much closer to home, Australia has in February passed the News Media Bargaining Code – legislation that forces Google and Facebook to negotiate rates with news companies and pay them for content.
Or failing to come to terms, platforms could be forced to have a price set by independent arbitrators. And ripples are starting to be felt across the world all the way to the US, who might follow suit.
This was a world-first move by a federal government to protect the revenues of independent news organisations via legislation, which aims to force tech giants to pay up for what comes up in their search feeds. Will the trend of platform-based distribution prevail nonetheless, and are a few million dollars in “news fees” in one market or the other no more than the water of a duck’s back?”
What influences customers’ attitudes and behaviour? by Alex Chatpaitoon, Community Manager, Plug and Play Tech Center
“It is a study of psychology, economics, and sociology designed to understand how our feelings, thoughts, beliefs, and perceptions influence our buying decisions, especially why consumers buy products, what they buy, and when they buy them.
Many startups and corporations strive to know what influences consumer behaviour so they will be able to set the right target market, find innovative products or services that fit in what consumer needs, set prices, and devise channels.
Economic and psychological influences, brands, media, motivations, perceptions, and cultural factors are the keys that affect consumers’ attitudes and behaviour.”
Tech solutions for progress
Tech for good: How Ula aims to facilitate the needs of small businesses in emerging market by Alan Wong, cofounder and CTO at Ula
“In fact, one study estimates that 31 per cent of adults in the region are digitally excluded due to factors such as age, poor literacy, inequality and concentration of economic activity in urban areas. If this gap is left unaddressed, swathes of people will miss out on economic opportunities and the ability to improve their lives.
To build digitally-innovative solutions to bridge this gap, I believe there are three key areas to look at: Having a customer centric approach, creating user-friendly experiences and making the solutions simple. This eventually empowers people to leading better lives.”
AI-powered decision-making for the banks of the future by Renny Thomas, Senior Partner at McKinsey & Company
“Banks that aim to compete in global and regional markets increasingly influenced by digital ecosystems will need a well-rounded AI-and-analytics capability stack comprising four main layers: reimagined engagement, AI-powered decision making, core technology and data infrastructure, and a leading-edge operating model.
The layers of the AI-bank capability stack are interdependent and must work in unison to deliver value, as discussed in the first article in our series on the AI bank of the future. In our second article, we examined how AI-first banks are reimagining customer engagement to provide superior experiences across diverse bank platforms and partner ecosystems.”
Founder stories
What I learned about entrepreneurship through my journey as Coinhako co-founder by Yusho Liu, cofounder of Coinhako
“When Coinhako was launched, cryptocurrencies were still largely an unfamiliar piece of technology in Asia. Surrounded by novelty and unfamiliarity, securing interest from investors in Singapore and Asia proved to be a really tough challenge. Eng and I realised that we had to look outside of Asia to build the momentum we needed to catapult our startup.
The first few years were challenging as the crypto market faced very low interest from the general public. We had to rely on tight financing and management of resources to tide us through. The 2017 bull run, on the other hand, ushered in huge changes in crypto trading and proved to be a big break for us.”
Foodtech startup Next Gen Foods shares the secret behind their successful expansion, fundraising by Co Tran, a communication associate at FEBE Ventures
“The Founder on Founder Podcast series uncovers stories from outstanding entrepreneurs in Southeast Asia on their journey, insights and advice on running a tech company.
Featured in this episode is Andre Menezes, co-founder of Next Gen Foods, who will share his story from being an engineer to an entrepreneur and his insight on starting a business in the midst of the pandemic.”
The future of Singapore
Why Singapore becoming a tech hub is a great boost for the proptech sector by Race Wong, cofounder and CPO of Ohmyhome
“Eighty per cent of the world’s top 100 tech firms already have a regional headquarter in the country, according to the Economic Development Board (EDB) of Singapore. A notable few include industry giants such as Google, Alibaba, Grab, SEA, and PayPal.
As more global tech players flow into Singapore’s shores, a digital platform surge may be on the horizon. This makes us wonder: Can Singapore be the next tech mecca that is Silicon Valley?”
Is Singapore the “Delaware” of Southeast Asia? by Andrea Baronchelli, cofounder and CEO at Aspire
“Seeing fellow directors face the same problem, we took matters into our own hands and created a comprehensive solution that would streamline the incorporation process for Southeast Asia founders.
Earlier this year, we launched a solution stream, Aspire Kickstart, to equip startups with everything they need to launch their business in Singapore.
In just 10 minutes through a 100 per cent digital application procedure, foreign directors can incorporate their companies in the city-state and get a business bank account both at the same time.”
Tech talent and upskilling
Why I left a budding career in the US to help aspiring developers in the Philippines by Derick David, cofounder and CEO at Hikre School
“The pandemic and lockdown led more Filipinos to access information online. According to the global broadband speed monitoring system Ookla, the Philippines is at 83rd place in terms of mobile speed as of February 2021, thus providing ways for more Filipinos to gain access to the internet.
The need to help Filipinos find opportunities in mobile software and product development led to my idea of bringing a piece of the Silicon Valley to the Philippines.”
Is Southeast Asia facing a tech talent crisis in the midst of rapid growth? by Paul Endacott, CEO at GRIT Search
“The recruitment market is a regional hotspot. The staffing market is on its way to an inflection point, with a growth projection to over US$10 billion during 2020-2024. After a challenging year for recruiters, this recovery in momentum comes as a relief as normal order resumes.
There is a catch, though. As businesses resume and hiring is ramped up to keep up with the pace of demand, the market is seeing new recruitment trends shaped in the face of adversity.
But what will this mean for employers looking to gear up with the top talent, namely in the tech sectors?”
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