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Olympic Games worldwide sponsor P& G teams up with Lazada
Procter & Gamble, a leading global fast-moving consumer goods company and Olympic Games Tokyo 2020’s Official Worldwide Sponsor, teams up with Lazada, the Games’ official partner in Southeast Asia under Alibaba’s worldwide partnership with the International Olympic Committee, to bring consumers their newest joint campaign and shopping extravaganza, through the e-commerce platform’s official flagship stores on LazMall......»»
Opinion - South China Sea- Philippines must softly manage disputes or miss out economically
Manilas assertive transparency strategy is touted as a model for managing maritime disputes but it diminishes key economic opportunities. As Chinese investment pours into other Southeast Asian countries, the Philippines must reduce geopolitical risks without acquiescing to Beijing......»»
Southeast Asian Police, Prosecutors Join Forces to Fight Scamdemic
Bangkok - Police and prosecutors across Southeast Asia are forging new ways of working together to thwart and pursue the sprawling criminal networks behind the online scam centers that have quickly taken root in the region, experts involved in the effort have told VOA.In a few short years, scamming hubs bilking billions of dollars out of victims across the globe have set up shop in Cambodia, Laos, the Philippine.....»»
Southeast Asian Police, Prosecutors Join Forces to Fight Scamdemic
Bangkok - Police and prosecutors across Southeast Asia are forging new ways of working together to thwart and pursue the sprawling criminal networks behind the online scam centers that have quickly taken root in the region, experts involved in the effort have told VOA.In a few short years, scamming hubs bilking billions of dollars out of victims across the globe have set up shop in Cambodia, Laos, the Philippine.....»»
Agoda Unveils Asia’s Top 9 Nature Destinations
To mark the launch of Eco Deals 2024, Agoda’s flagship US$1 million partnership with the World Wide Fund for Nature (WWF), the digital travel platform has compiled a list of some of Asia’s favored nature destinations across Asia, based on searches made on Agoda in January 2024. Enric Casals, Vice President of Southeast Asia, Agoda, […].....»»
Over $1 billion investment to Philippines from US, says Raimondo
MANILA, The Philippines: During an official visit to Manila, U.S. Commerce Secretary Gina Raimondo has said that U.S. companies have announced investments totaling more than US$1 billion in the Philippines.In a first of its kind for the Philippines, Raimondo headed a two-day trade and investment mission that included executives from 22 companies, such as United Airlines, Alphabet's Google, Visa, KKR Asia Pacific.....»»
Malaysian Chamber eyes Davao’s logistics hub potential
THE Malaysia Chamber of Commerce and Industries Philippines, Inc. (MCCI) foresees strong business confidence for investing in Davao City, positioning it as a potential world-class logistics hub competing with leading regions in Southeast Asia such as Singapore, Macau, and Kuala Lumpur in Malaysia......»»
Philippines e-commerce traffic ranked 5th in East Asia
The Philippines ranked fifth in terms of e-commerce traffic in East Asia, according to a report by the United Nations Economic and Social Commission for Asia and the Pacific......»»
Redefining retail
The surge of e-commerce in the Philippines has been nothing short of phenomenal, persisting even in the aftermath of the pandemic. In fact, the country has witnessed the most substantial growth in online shopping across Southeast Asia during the pandemic, as indicated by an insightful independent study from a digital marketing insights company authored by Nico Chan of Spiralytics......»»
Infrastructure lack, environment impact hinder e-commerce growth
The e-commerce market in Southeast Asia is expected to continue to grow, but challenges such as the lack of infrastructure and environmental impact need to be addressed for the sector’s sustainable and inclusive development, the Asian Development Bank said......»»
HCPTI to ‘make Subic port push NorthPhil economy to new highs’
The development and digitalization of the Subic port can help the economy of North Philippines (NorthPhil) and the rest of the country reach new highs. This projection came from economist and teacher Ronilo Balbieran of the University of Asia and the Pacific, citing the vast expanse and strategic location of NorthPhil’s constituent regions north of Metro Manila. Balbieran said Central Luzon, Cagayan Valley, Ilocandia and the Cordilleras could gain unprecedented economic growth from the Subic Port’s development into a truly world-class international gateway vis-a-vis a similarly ongoing modernization of the Clark Freeport Zone, creating a logistical superhighway and growth corridor, whose benefits would spill over to the rest of the archipelago. Poised to modernize the Subic Port is Harbour Centre Port Terminal Inc. (HCPTI), making its operation fully digitalized and serve as the centerpiece and crowning jewel of the entire Freeport zone. The HCPTI’s development plan envisions the Subic Port as the main draw in the marketing of Subic as an investment destination, the facility being a supposedly world-class international gateway and a catalyst of global trade and commerce. Underscoring the significance of distance in logistics, particularly involving marine freight, Balbieran said the Subic port would highlight the strategic location of NorthPhil in relation to six of the countries in the ASEAN and most of those in the Pacific Rim, including Central America. Balbieran also echoed the “sales pitch” of the Department of Tourism and the Tourism Promotions Board hailing NorthPhil as an undisrupted land mass of diverse nature, culture and adventure, featuring a wealth of resources of four large regions between the West Philippine Sea and the Pacific, or from ridge to reef and from coast to coast. “Those regions account for 18 percent of the country’s total GDP (Gross Domestic Product), adding P3.9 trillion to the national economy just for 2022. And in the last two years, these (regional economies) have grown faster than Metro Manila and the entire nation,” Balbieran explained. “With larger investments in expansion and digitalization, the Subic port can further ignite domestic and international trade to and from Luzon, which will expand the economy of NorthPhil even faster.” NorthPhil comprises 84,526 square kilometers, accounting for 28.2 percent of the country’s entire 300,000 sqkm. NorthPhil’s total land mass alone is equivalent to 76.9 percent of Luzon’s 109,965 square kilometers and 87 percent of Mindanao’s 97,530 sqkm. At the same time, the HCPTI’s modernization of the Subic port is also “consistent and fully aligned” with the PBBM administration’s infrastructure and logistics development policy thrust. Balbieran said the National Logistics Strategy of the Department of Trade and Industry included both public and private investments in Logistics 1 of the 6 pillars of improving the country’s logistics efficiency. “The Strategy emphasizes massive investments in ports nationwide, as more than 90 percent of goods pass through the ports,” Balbieran said of what was revealed by the DTI at the recent conference of the Supply Chain Management Association of the Philippines. The DTI’s National Logistics Strategy is also expected to incorporate or be seamlessly integrated with those of the departments of Agriculture, Transportation, Public Works and Highways, and Interior and Local Government as part of another plan to develop a food logistics chain, a cold chain industry, port infrastructure, and farm-to-market roads, thus ensuring affordable availability of food to consumers in real time by reducing logistics cost through investments in appropriate infrastructure and digital technologies. “Thus, the ‘expansion and digitalization of the Subic Port’ by the HCPTI is consistent with the National Logistics Strategy and Food Logistics Plan of the DTI, both getting the nod of President Ferdinand 'Bongbong' R. Marcos Jr. recently,” Balbieran said. “Specifically, though, HCPTI’s modernization of the Subic port will help bring down logistics costs, not just for the businessmen in Northern Luzon, but also for (those in) the rest of the Philippines who will use such facility to trade internationally.” Balbieran said both the DTI and the World Bank had described the Philippines’ logistics cost as “one of the highest” in Southeast Asia at more than 20 percent of sales, compared with Thailand’s only 11 percent. The post HCPTI to ‘make Subic port push NorthPhil economy to new highs’ appeared first on Daily Tribune......»»
Shopee helps MSMEs reach foreign markets
Bringing more customers to Filipino micro, small and medium enterprises, or MSMEs, is a goal of Shopee Philippines in launching the #TatakPinoy International project, The project is a groundbreaking initiative in empowering sellers to expand their business and connect with Malaysian and Singaporean buyers, strengthening the global presence of Filipino brands. In a statement, Shopee Philippines head Vincent Lee said the project will also empower Filipino entrepreneurs and artisans to showcase their talents and products to an international audience, promoting Philippine culture, craftsmanship, and ingenuity globally. Shopee’s free program will be available first to Shopee’s markets in Singapore and Malaysia, according to Lee. He said #TatakPinoy International represents a significant stride towards Shopee’s mission of empowering Filipino businesses in the digital era by giving them opportunities to grow, develop, and reach a wider audience. This can be seen in Shopee’s efforts through their various services and features, such as Shopee Live, Shopee Affiliates and Shopee University, which offer sellers an avenue to learn how to start their e-commerce business, upscale their brand, and form tight-knit communities with KOLs and buyers simultaneously. “Shopee’s core mission has consistently been to support the growth and success of Filipino entrepreneurs. This underlines our unwavering dedication to fostering local economic growth and forging sustainable opportunities for our community of local MSMEs. We will remain committed to harnessing the transformative potential of technology to facilitate long-term growth for our Filipino sellers,” Lee explained. Leveling up experience The project will soon be open to all Shopee sellers, promising a shopping experience with seamless cross-border logistics support. Lee said #TatakPinoy International is like its present system, yet with a broader reach, as it will help Filipino sellers connect with overseas buyers, which Shopee and its third-party logistics partners will process to fulfill the order successfully. Further, he said Shopee sellers and brands can maintain their local selling experience but can now reach a wider buyer pool and higher order volume to expand their consumer base to Shopee users in other markets. “Shopee’s new prgram is a significant development for the Philippine e-commerce market and aligns with the Philippines’ broader economic goals. It is expected to benefit local sellers and enhance cultural exchange and collaboration across Southeast Asia,” according to Lee. The post Shopee helps MSMEs reach foreign markets appeared first on Daily Tribune......»»
Iconic Italian home brand marks 16 years in Phl
Sixteen years of bringing joy to Filipino homes. This was how SMEG Philippines presented itself to its guests to mark its recent anniversary celebration at The Ayala Museum. SMEG, the world-famous Italian brand of modern lifestyle home and kitchen appliance that incorporates technology and style into every product, is exclusively distributed in the Philippines by Mondo Cucina Inc., owned by the power couple Ton and Karen Concepcion. SMEG stands for Smalterie Metallurgiche Emiliane Guastalla (roughly translated to English as Metal Enameling Plant of Guastalla, Emilia). It is best known for its outstanding performance and sleek, retro-style designs for refrigerators, washing machines, stand mixers, toaster ovens, microwaves, wine cabinets and coffee machines – all in striking colors of red, blue, orange, yellow, white and what-have-you. The iconic global brand has elevated the culinary experience with a touch of sophistication to numerable kitchens, making them truly a functional pieces of art. “Sixteen years ago, my wife Karen and I went to a town called Guastalla in Emilia Romagna in the northern Italy, where SMEG’s headquarters are located,” said Ton, founder and owner of MCI. “We immediately fell in love with SMEG. Never have we seen such beautiful appliances made with careful attention to design and technology. We knew we have to bring SMEG into the Philippines. And so, in 2006 driven by a passion for excellence into bringing the best experiences to the customers, we open the first SMEG experience center at Serendra in BGC.” Concepcion added: “Today, SMEG is an iconic brand — a household name desired by many. It can be found in top luxury homes all over the Philippines and nearly 10,000 luxury condominiums across Metro Manila, Cebu and Davao, all having SMEG kitchens. Our customers understand that SMEG products are actually pieces of art and not just appliances. We are excited for the future as we continue to innovate and launch new products and expand our stores and service centers nationwide.” Functional pieces of art Since SMEG products have been recognized as functional pieces of art, it was just apt that SMEG Philippines anniversary was held at the Ayala Museum, where guests were first transported to Italy via a delightful indoor garden installation, then ushered to view a great Philippine masterpiece. The venue was transformed into a lush Italian garden playfully adorned with SMEG appliances like an art installation reminiscent of the Emilia Romagna region. It was filled with lemon trees, flowers and verdant greens that came alive with the stunning colors of SMEG appliances showcased as pieces of art. Then, guests were ushered to an exclusive preview of a great Philippine masterpiece -- Juan Luna’s long-lost artwork, “Hymen, oh Hyménée.” This prized work by Luna stayed with him for a decade until his death in Hong Kong in 1899, when it mysteriously vanished. Italian ambassador to the Philippines, Marco Clemente, and SMEG Export director for Asia Matteo Lupi graced the event. Business leaders from the Italian Chamber of Commerce in the Philippines and stalwarts from the country’s property development, design and architecture industries were also present. “Our brand’s commitment to outstanding design and quality remains,” said Karen, SMEG Philippine creative director. “SMEG technology is very important and unique. It’s energy saving. It’s a big plus.” SMEG Philippines continues to push the envelope in terms of design and innovation. The long tradition and history, combined with new creations continue to bring even better SMEG appliances to more homes. “For the next 16 years or maybe not just 16 but many more years, we continue to innovate and market the brand. We always want to think out of the box and that’s the spirit of SMEG — artistic, high quality and unexpected,” Karen concluded. The post Iconic Italian home brand marks 16 years in Phl appeared first on Daily Tribune......»»
Domestic aviation rebounds this year
The local aviation industry, which was badly hit by the global health crisis, is seen to achieve full recovery this year. This was according to the International Air Transport Association in a recent forum organized by the European Chamber of Commerce of the Philippines. During the Aviation Forum last week, Yuli Thompson, area manager for the IATA in Southeast Asia, said the Philippines and the rest of the Asia Pacific region’s aviation market is swiftly recovering and seeing a consistent rise in terms of growth in international and domestic travel. Thompson said passenger traffic trends for international flights in the Philippines were logged at 75 percent of 2019 levels as of June 2023. As for the Asia Pacific passenger forecast, Yuli maintained that domestic travel will fully recover in 2023, while international travel will occur sometime in 2026. Further, Asia Pacific will be seen to lead in traffic growth in the next 20 years. “However, overcoming current challenges riding on the current momentum, and meeting full recovery will require strong interventions from all players in the aviation sector,” he said. Infra investments For his part, Cebu Pacific Air chief executive officer Michael Szucs emphasized the need to invest in infrastructure, citing that “Philippine carriers will need to quadruple in size to cater to growing demand.” In her keynote speech, Secretary Grace Poe urged stakeholders to support necessary infrastructure investments, especially following the air system glitch incident earlier this year. The senator called for the acquisition of a new Communication, Navigation, and Surveillance/Air Traffic Management. Poe also recommended the hiring of a third-party maintenance provider for the CNS/ATM system. “It is my hope that the government, the private sector, and other stakeholders can work together and collaborate on air transport projects which will not only generate economic growth but also provide our people with excellent and affordable public services that can improve the quality of life for all,” she said. Also filed by Poe is Senate Bill 1121 which proposes the creation of a Philippine Transportation Safety Board. Under the directive of the current Marcos administration, Department of Transportation Undersecretary for Aviation and Airports Roberto Lim highlighted the government’s key priorities, including aviation safety and strengthening of learning institutions. Lim further noted the agency’s priority of strengthening the Civil Aviation Training Center and engaging with the private sector as close partners for Air Transport Skills Training and Development. “If we are able to train our air traffic controllers, we would not only meet our own requirements, but the requirements of other countries. We can develop this on an institutional basis,” said Lim. Open up the industry Kurt Edwards, director general of the International Business Aviation Council, also raised the fact that much could be gained “by opening the industry and making it more known to people.” In terms of managing safety risks, Captain Manuel Antonio Tamayo, director general of the Civil Aviation Authority of the Philippines, shared initiatives to advance safety capabilities in the aviation sector through the State Safety Program. The program employs a risk-based approach to regulations, capacity building and integration of a new organizational structure for monitoring and evaluation. Meanwhile, Transportation Secretary Jaime Bautista stressed that the DOTr’s goal to rehabilitate the Ninoy Aquino International Airport through a public-private partnership agreement, which he said, will present a “landmark opportunity for economic growth, improved infrastructure, and a world-class travel experience.” Added Bautista, “We are also developing regional airports, such as the unsolicited proposals for the operations and maintenance of the Bicol International Airport, Bohol-Panglao International Airport and Laguindingan Airport.” The post Domestic aviation rebounds this year appeared first on Daily Tribune......»»
No new chief yet — Agri exec
Department of Agriculture-Bureau of Plant Industry Director Gerald Glenn Panganiban on Tuesday said that President Ferdinand Marcos Jr. did not discuss the appointment of a new Agriculture Secretary during their latest sectoral meeting. In a Malacañang Press Briefing, Panganiban said that he could not confirm the reports on appointing a new Agriculture Secretary and that President Ferdinand Marcos Jr. is doing an “excellent job” leading the department. Panganiban’s statement comes amid reports that President Marcos is considering appointing fishing tycoon Francisco Tiu Laurel Jr. as the new Agriculture Secretary. Laurel is the chairman of the Federation of Philippine Industries and the Philippine Chamber of Commerce and Industry. “With (Marcos) at the helm, everything is integrated, and all government efforts are coordinated. We can no longer say to the Department of Agriculture, ‘This is your job, not ours.’ We are all collaborating now, and we are even talking to you in the media to work together because, once again, food security is not the responsibility of one agency alone but of all of us,” Panganiban said. “I think that’s what sets him apart from his predecessors,” he added. Panganiban also said that he could not comment on whether the rice price cap affected the Pulse Asia Survey results, which showed President Marcos’s approval rating declined in September. “I cannot comment on that one,” he said. “What I can say is that our President is truly committed to serving everyone. I believe he is the President for all, not just for the farmers but also for the consumers.” Panganiban also praised Marcos for his engagement with the public, saying that the President is the first one to really meet with the people and participate in rice distribution. “So, I think people can sense our President and his plans and programs. Hopefully, we can reciprocate that. Even for the media, I hope you can help us promote the good news, not just our problems but also what we are doing for our fellow countrymen,” he added. The post No new chief yet — Agri exec appeared first on Daily Tribune......»»
Indonesia bans goods transactions on social media platforms
Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses. Calls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms. Indonesia is one of the world's biggest markets for TikTok Shop and was the first to pilot the app's e-commerce arm. "Now, e-commerce cannot become social media. It is separated," Trade Minister Zulkifli Hasan told a news conference in the capital, Jakarta, adding that the trade regulation came into force on Tuesday. Hasan said social commerce platforms would have a week to comply with the new rule. "Any government would protect local small businesses," he said, describing the regulation as a way to ensure "equality in business competition". The regulation means social commerce companies are now "prohibited to facilitate payment transactions in its electronic system", according to the regulation document seen by AFP. "Social commerce can place ads like TV, but it mustn't be transactional. (They) can't open shop, can't directly sell," Hasan said, without mentioning TikTok by name. Companies that did not comply would be warned first and would finally have their license to do business in Indonesia revoked, he said. Laws in the archipelago nation did not cover direct transactions through social media platforms such as TikTok, Facebook or Instagram before the new regulation. The new regulation is yet another setback for TikTok, which has faced intense scrutiny in the United States and other nations in recent months over users' data security and the company's alleged ties to Beijing. "Other countries are banning, we don't, we're regulating," Hasan said. Indonesia is now the first country in the region to act against the platform's growing popularity in social media commerce. The ministerial-level regulation -- an amendment to a trade regulation issued in 2020 -- did not need approval by lawmakers. TikTok Indonesia said the company was "deeply concerned" about the policy, which would impact millions of sellers and creators using TikTok Shop. "We respect local laws and regulations and will be pursuing a constructive path forward," it said in a statement. Meta -- which owns Facebook and Instagram -- did not respond to a request for comment. 'Markets are quiet' Hasan appeared to confirm the companies would have to choose between separate social media and e-commerce licences. "It's clear... there are no permits for social commerce. If (they) want social commerce, please, only for promotion and ads. If (they) want to sell, there are e-commerce (permits)." The regulation also sets a minimum price of $100 for certain foreign goods bought from Indonesian sellers on e-commerce platforms, according to the regulation document seen by AFP. Some offline sellers at the Tanah Abang market in Jakarta applauded the government's decision. "The government should... dare to innovate given the current situation, where markets are quiet like this," said Stevanie Ahua, a 60-year-old wholesale denim jeans seller. She said her revenue had dropped by 60 percent in recent months as buyers turned to online shops. Others such as 29-year-old cookie baker Panji Made Agung in Bali said he was disappointed by the ban. "For sellers like me, TikTok can be used for soft selling. We can become influencers and sellers at the same time," he said. Experts said the transaction ban would hit the coffers of social media platforms such as TikTok, which takes a commission from every sale. "They will definitely incur losses," said Tauhid Ahmad, executive director of the Jakarta-based Institute for Development of Economics and Finance. Indonesia's e-commerce market is dominated by platforms such as Tokopedia, Shopee and Lazada but TikTok Shop gained a significant market share since launching in 2021. Indonesia, with 125 million users, is TikTok's second-largest global market after the United States, according to company figures. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the years ahead. The post Indonesia bans goods transactions on social media platforms appeared first on Daily Tribune......»»
Indonesia bans goods transactions on social media platforms
Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses. Calls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms. "This trade regulation has been in force (since yesterday)," Trade Minister Zulkifli Hasan told a news conference in the capital Jakarta. He said social commerce platforms would have a week to comply with the new rule. "Any government would protect local small businesses," he said, saying the regulation was passed to ensure "equality in business competition". The regulation means social media firms will not be able to conduct direct transactions but only promote products on their platforms. "Social commerce can place ads like TV, but it mustn't be transactional. (They) can't open shop, can't directly sell," he said, without mentioning TikTok by name. Laws in the archipelago nation did not cover direct transactions through social media platforms such as TikTok, Facebook or Instagram before the new regulation. The new regulation is yet another setback for TikTok, which has faced intense scrutiny in the United States and other nations in recent months over users' data security and the company's alleged ties to Beijing. "Other countries are banning, we don't, (we're) regulating," Hasan said. Indonesia is one of the world's biggest markets for TikTok Shop and was the first to pilot the app's e-commerce arm. But Indonesia is now the first country in the region to act against the platform's growing popularity in social media commerce. The ministerial-level regulation -- an amendment to a trade regulation issued in 2020 -- did not need approval by lawmakers. Chinese technology giant and TikTok owner ByteDance and TikTok Indonesia did not respond immediately to a request for comment Wednesday. But a TikTok Indonesia spokesperson told AFP on Monday the ban would harm as many as six million local sellers who market their products on the platform. Meta -- which owns Facebook and Instagram -- did not respond to a request for comment. 'Markets are quiet' How the ban will work exactly remains unclear but experts said it could mean social media firms would have to obtain a separate approval for their e-commerce arms. "It could be that their license will be rearranged," said Tauhid Ahmad, executive director of the Jakarta-based Institute for Development of Economics and Finance. Offline sellers at Tanah Abang market in Jakarta applauded the government's decision. "The government should... dare to innovate given the current situation, where markets are quiet like this," said Stevanie Ahua, a 60-year-old wholesale denim jeans seller. She said her revenue had dropped by 60 percent in recent months as buyers turned to online shops. Others like 29-year-old cookie baker Panji Made Agung in Bali said he was disappointed by the ban. "For sellers like me, TikTok can be used for soft selling. We can become influencers and sellers at the same time," he said. Indonesia's e-commerce market is dominated by platforms such as Tokopedia, Shopee and Lazada but TikTok Shop gained a significant market share since launching in 2021. Indonesia, with 125 million users, is TikTok's second-largest global market after the United States, according to company figures. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the coming years. The post Indonesia bans goods transactions on social media platforms appeared first on Daily Tribune......»»
‘Regulate them’: Hard-up Indonesia traders urge TikTok sales ban
As clothing seller Hendri Tanjung struggles to hawk his tunics to Indonesian buyers outside his market shop, he says customers are turning to cheaper versions on TikTok, pummeling his income. The 35-year-old sells his wares at Tanah Abang, Southeast Asia's largest textile market, where sellers are desperately calling out to passersby. The market in the capital Jakarta is less crowded than usual, with some outlets shuttered, as many of its thousands of merchants selling products made in factories or by tailors and weavers complain about the impact of TikTok's booming e-commerce arm on their business. "We want the government to close TikTok Shop, or at least regulate them. I feel bad for my employees," said Tanjung. Indonesians spent more money on the Chinese-owned app than anywhere else in the region over the past year, as TikTok Shop rapidly gained a substantial regional market share and millions of sellers since its 2021 launch. But government ministers in Southeast Asia's biggest economy have threatened to ban the app outright because of its impact on local sellers, including those at Tanah Abang who rely on offline buyers. Tanjung said a tunic he sells at 60,000 rupiah ($3.90), can be found for 40,000 rupiah on TikTok Shop, undercutting his business. "I don't know where they source their products to sell at such low prices. Ours are our own products and we cannot sell them at that price," he said. After a daily revenue drop of more than 80 percent from 30 million rupiah ($1,948) to five million ($324) in recent months, he was forced to lay off five of his 30 employees. Laws in the archipelago nation do not cover transactions through social media platforms such as TikTok, Facebook or Instagram. But President Joko Widodo said new regulation on social media transactions could come as early as Tuesday. The draft regulation, expected to be presented soon after Widodo said Monday it was "being finalized in the trade ministry", will aim to curb what Jakarta says are monopolistic practices. Level playing field Experts say such regulation would create a level playing field for local businesses. "The key is to regulate social commerce to be on par with e-commerce and traditional offline retailers," said Nailul Huda, a researcher at the Institute for Development of Economics and Finance. "The government should enhance protection for local products by tightening regulations on imported goods and offering disincentives for imports." TikTok has criticized calls for a ban, saying it would harm Indonesian merchants and consumers. "Close to two million local businesses in Indonesia use TikTok to grow and thrive through social commerce," Anggini Setiawan, TikTok Indonesia's head of communications, told AFP earlier this month. Indonesia is TikTok's second-largest market, with 125 million users, according to company figures. It is owned by Chinese tech giant ByteDance. The country represented 42 percent of TikTok's $4.4 billion regional gross merchandise value last year, according to Singapore-based consultancy Momentum Works. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the coming years. But the market sellers want TikTok's rise restricted. Atinah, a 21-year-old who sells clothing, said she could no longer hope for high weekend sales at her shop at Tanah Abang, which used to bring in around 10 million rupiah per day. "We are happy if the government can regulate TikTok Shop since now we can only make around three million rupiah on weekends," said Atinah, who like many Indonesians goes by one name. "Buyers always compare the prices here with what they see on TikTok Shop." The post ‘Regulate them’: Hard-up Indonesia traders urge TikTok sales ban appeared first on Daily Tribune......»»
Biggest-ever Asian Games ready for liftoff in China after Covid delay
The biggest Asian Games in history, boasting about 12,000 competitors -- more than the Olympics -- will open on Saturday in the Chinese city of Hangzhou after a year's delay because of Covid. Athletes including world and Olympic champions will fight for medals in 40 sports from athletics, swimming and football to eSports and bridge. Nine sports, among them boxing, break dancing and tennis, will serve as qualifiers for next year's Paris Olympics. The Games were supposed to take place last September but were postponed because of China's strict zero-Covid rules, before China's ruling Communist Party abruptly abandoned the policy. The 19th edition of the Games, which were first held in New Delhi in 1951, throws together competitors from 45 countries and territories across Asia and the Middle East. For China, which hosted the 2022 Winter Olympics in a Covid-secure "bubble" in Beijing, it is a chance to show off its organizational, sporting and technological prowess after the pandemic years cut the country off from the sporting world. "We have overcome a lot of challenges but we are now fully conditioned to hold a successful Games," Chen Weiqiang, chief spokesperson for the Games, said on Wednesday. Sport meets politics The Games will be staged at 54 venues -- 14 newly constructed -- mostly in Hangzhou but also extending to cities as far afield as Wenzhou, 300 kilometres (180 miles) south. The centerpiece is the "Big Lotus" Olympic stadium with a capacity of up to 80,000 where athletics and the opening and closing ceremonies will be staged. President Xi Jinping will attend the opening ceremony and meet Syrian counterpart Bashar al-Assad there, along with other visiting leaders, Chinese state media says. Assad is making his first visit to ally China since the war erupted in Syria in 2011. Russian President Vladimir Putin likewise attended the opening ceremony of the Beijing Winter Olympics, along with Xi, and weeks later launched the invasion of Ukraine. Hangzhou, a city of 12 million people an hour's bullet train from Shanghai, is famed in China for its ancient temples, gardens and its beloved West Lake. It is also the unofficial home of China's tech industry, notably the birth place of Jack Ma's Alibaba. The Games will showcase some of the latest tech to come out of the city, including driverless buses, robot dogs and facial recognition. China medal dash Hosts China have topped the medals table at every Asian Games since 1982 and are expected to do so again by the time the curtain comes down on October 8. They should reign in swimming, with Qin Haiyang fresh from his heroics at the world championships, where he announced himself as the new undisputed breaststroke king. The 24-year-old swept all three men's events and set a new world record in the 200m. In athletics, another of the most closely watched sports, India's Olympic and world champion Neeraj Chopra will defend his Asian Games javelin crown. His nearest competitor should be world silver medalist Arshad Nadeem from arch-rivals Pakistan and the countries are also on a collision course in cricket and hockey. ESports, in what is seen as a step toward Olympic inclusion one day, will make its full Asian Games debut having been a demonstration sport five years ago. Lee Sang-hyeok, better known as "Faker", has god-like status in League of Legends and will lead the South Korean charge at the futuristic-looking China Hangzhou Esports Centre. There is an added incentive which has caused controversy in South Korea -- winning gold will exempt them from having to do military service. A feature of the Asian Games is that it includes sports that are a little more quirky than the Olympics. Xiangqi -- also known as "Chinese chess" -- the card game bridge and the ancient wrestling discipline of kurash are all on the menu. Although the Games officially open on Saturday, the sporting action began on Tuesday, when North Korea returned to major international competition for the first time since the pandemic with a 2-0 win over Taiwan in men's football. The post Biggest-ever Asian Games ready for liftoff in China after Covid delay appeared first on Daily Tribune......»»
Shopee 9.9 a hit
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, once again achieved great results in the annual 9.9 Super Shopping Day. With Shopee Live, an interactive live-streaming feature in Shopee, Filipino sellers created entertaining shopping experiences for consumers and grew their online business. Together with brands and sellers, Shopee set a record-breaking 41 times uplift in new buyers on Shopee Live this 9.9, compared to an average day. With its exclusive promotions, gamification features, and seamless e-commerce integration, sellers have more opportunities to engage their customers through rewarding livestream shopping experiences. Vincent Lee, head of Shopee Philippines: “Shopee is dedicated to providing our users with the best online shopping experience. This 9.9, we are glad to bring users even more value through Shopee Live, by helping brands and sellers reach out to and deliver the best deals to shoppers effectively. Shopee will continue to deliver more exciting campaigns as we gear up toward the upcoming year-end shopping season.” A new milestone was achieved during the 9.9 Super Shopping Day, where viewers from all across the nation spent more than 2.7 million hours on Shopee Live over the 9.9 period. The post Shopee 9.9 a hit appeared first on Daily Tribune......»»