With the digitisation of everything, the world is changing rapidly, and businesses have no choice but to keep up. The sharing economy is another area that presents SMEs with challenges as well as opportunities.
As its offshore private banking centre faces pressure, and its shipping and manufacturing sectors falter amid a slowing global economy, Singapore is pushing to reinvent itself as the hub of Asia’s financial technology.
Budget hotel owners in the city are facing difficulties in meeting building safety requirements to qualify for full licences but Kuala Lumpur City Hall is determined to help them as part of its efforts to legalise all unlicensed businesses.
SEEKING to head off regulatory crackdowns, Airbnb last week unveiled plans to form 100 home-sharing clubs in cities across the US during 2016, seeking to organise advocates of home-and room-sharing companies.