Panelists from the music streaming market take part in ″The open debate session to solve the in-app payment fee issue″ held on Thursday in Ganghwamun. The event was organized by the the Korea Music Content Association (KMCA) and attended by music services Melon and Genie Music, representatives from the Recording Industry Association of Korea (RIAK), the Federation of Korean Music Performers (FKMP), Seoul YMCA and the Ministry of Culture, Sports and Tourism. [KMCA] Streaming services want copyright owners — musicians and other creators — to take a hit to pay for higher fees being charged by Google. In a meeting held Thursday in Gwanghawmun, central Seoul, they said the intellectual property owners should accept the haircut in royalties for the sake of business. During "The open debate session to solve the in-app payment fee issue," local music companies, copyright organizations and the government gathered to discuss how to maintain the streaming business with Google demanding a … [Read more...] about Korean streaming services want musicians to pay for Google’s higher fees
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Deepak Talwar —Contributed photo Is it possible to take a slow-growth industry ravaged by natural disasters, urbanization and COVID-19 and transform it into a profitable, growing sector that creates value for business owners and customers alike? Such is the challenge facing the Philippine agricultural community. According to market research firm Statista, about a quarter of employed Filipinos work in agriculture, a sector which in 2020 contributed a significant 10.2 percent of the country’s gross domestic product. Given its importance to so many lives, as well as the economy as a whole, it is crucial to act now to ensure the sector’s long-term viability. The answer lies in placing smart investments in 5G and complementary technologies, alongside innovation and collaboration with communications service providers. Smart farming As typical in many emerging economies, agriculture in the Philippines remains overly dependent on manual labor, conventional tools and outdated … [Read more...] about Smart farming as a service 5G in PH agriculture: a transformation in waiting
Share to Twitter Share to Linkedin Electronic Arts stock (NYSE: EA) reported its Q1 FY23 results last week, with revenue and earnings comfortably above ours and the street estimates. EA stock saw a rise of around 2% in a week, and we believe EA stock has some more room for growth, as discussed below. Electronic Arts’ revenue of $1.3 billion in Q1 was down 3% y-o-y, and its EPS of $0.47 reflected a 40% y-o-y decline. This compares with our estimates of $1.3 billion and $0.30, respectively. Although the company benefited from its recent acquisitions and growth in its live services offerings, it was a tough comparison to the prior-year quarter, which benefited from more game launches. Given the upbeat results, the company reaffirmed its bookings guidance for the full-year 2022 to be in the range of $7.9 and $8.1 billion, and earnings to fall between $7.05 and $7.15 on a per share and adjusted basis. Overall, Electronic Arts EA ’ Q2 results were … [Read more...] about Should You Buy Electronic Arts Stock At $130?
- A + A KUALA LUMPUR (Aug 11): Bursa Malaysia rebounded from Wednesday's (Aug 10) losses to close broadly higher on Thursday, with the benchmark index breaching and staying above the 1,500-psychological level amid positive market sentiment across the region. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.23 points to end the day at its intraday high of 1,505.56 compared with Wednesday's close of 1,492.33, driven by continuous buying momentum in selected index-linked counters led by Press Metal Aluminium Holdings Bhd. The benchmark index opened 5.48 points better at 1,497.81 this morning and remained in positive territory throughout the session. Banking stocks were mostly upbeat, including CIMB Group Holdings Bhd, Malayan Banking Bhd (Maybank), Hong Leong Financial Group Bhd, Hong Leong Bank Bhd, Public Bank Bhd, and RHB Bank Bhd following slower-than-expected inflation data in the US which might provide some space for the Federal Reserve not to hike rates … [Read more...] about Bursa ends broadly higher, KLCI above 1,500 level
(From left) His Royal Highness Sultan Sharafuddin Idris Shah, Lim, Hilton Southeast Asia senior regional director Jamie Mead, and Doubletree Hilton Shah Alam general manager Gagan Talwar at the launch event. (Photo by Suhaimi Yusuf/The Edge) - A + A KUALA LUMPUR (Aug 11): Sultan of Selangor, His Royal Highness Sultan Sharafuddin Idris Shah Al-Haj ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Al-Haj officiated at the opening of i-Bhd's DoubleTree by Hilton through a launch event in i-City, Shah Alam on Thursday (Aug 11). DoubleTree by Hilton, a component of i-City Finance Avenue, was opened to the public on July 27. In a press statement on Thursday, i-Bhd chairman Tan Sri Lim Kim Hong said that i-City Finance Avenue expects a footfall of 30,000 business travellers by the end of 2022. "The synergy between i-City Finance Avenue and DoubleTree by Hilton i-City is a perfect marriage that will leave a positive impact on the Selangor tourism industry. The i-City … [Read more...] about Selangor Sultan officiates at opening of i-Bhd’s DoubleTree by Hilton in i-City
This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. - A + A Small and medium enterprises have put capital expenditure on hold despite the reopening of the economy BUSINESS activities in the country have been in full swing for several months now, after two years of pandemic-induced movement restrictions. Demand has been strong since borders reopened, but the rising cost of raw materials, global economic uncertainties and, more pressingly, labour shortages have impacted the business growth of small and medium enterprises (SMEs). Usually, strong orders from clients mean that business owners will start thinking about making investments to meet the demand. However, at this point in time, very few SMEs are considering capital expenditure. “Many of our members are holding back on capital investment despite the pandemic seemingly coming to a tail end. Without certainty in our ability to deliver on orders, or for … [Read more...] about Cover Story: Investment winter hits SMEs
This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. Koong: Many SMEs are in a bind - A + A A growing number of small and medium enterprises (SMEs) are stepping forward to ask for assistance to cope with their loan repayments, according to Koong Lin Loong, treasurer-general and chairman of the SMEs committee at the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM). Koong tells The Edge that the financial impact on SMEs after more than two years of the Covid-19 pandemic, compounded by current hurdles such as rising raw material prices, high operating costs and labour shortages, have led to cash flow issues and forced many businesses to their knees. “Many SMEs are in a bind as they may come to a point where they can no longer service their loans, yet their cash-strapped plight renders their businesses ineligible for new borrowings,” he says, adding that other SME groups lament similar … [Read more...] about Cover Story: ‘More SMEs struggling to cope with existing loans, and getting new loans’
This article first appeared in City & Country, The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. The Zhongshan Building, which was built in the 1950s, has been restored at a cost of RM1 million and now houses an arts and research community (Photo by Patrick Goh/The Edge) - A + A Kuala Lumpur is an amazing city. The mix of old and new buildings juxtaposed with pockets of greenery presents a tropical feel that only a few cities can boast of. As the city moves with the times, what is to be done to the older buildings? Should they be replaced with something sparkling new? Or should we consider the historical value they bring to the landscape? City & Country asks property experts about the practicalities of upgrading these old properties — be it through converting, refurbishing or rebuilding. “This is a very interesting and evergreen topic, where all developers or landowners would like to know what to do with their old buildings when they … [Read more...] about Is it worth upgrading KL’s old buildings?
- A + A KUALA LUMPUR (Aug 11): MGB Bhd has bagged another housing contract in Dengkil, Selangor from a unit of its major shareholder LBS Bina Group Bhd. The latest contract, worth RM172.34 million, is for the development of two 24-storey blocks of affordable service apartments, said MGB in a Bursa Malaysia filing. It was awarded to its wholly owned unit MGB Construction & Engineering Sdn Bhd by Kita Sejati Sdn Bhd, a subsidiary of LBS Bina, and is scheduled to be completed by Nov 30, 2023. MGB said that with the contract in hand, the group’s current outstanding order book is about RM2.21 billion. In September 2021, MGB Construction & Engineering was awarded a RM112.5 million contract by another LBS Bina unit to build 605 units of single storey and 41 units of double storey terrace homes in Dengkil. Earlier, in February 2021, the MGB group had secured a contract worth RM442.81 million to construct affordable homes in Dengkil and Ijok, Selangor — from two … [Read more...] about MGB bags another housing contract from LBS unit worth RM172 mil
In the foreign visa system graft trial, Zahid is facing 33 charges of receiving the S$13.56 million (about RM42 million) bribes from Ultra Kirana Sdn Bhd (UKSB) as an inducement. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A SHAH ALAM (Aug 11): The prosecution in former home minister Datuk Seri Dr Ahmad Zahid Hamidi’s trial involving 40 charges for receiving bribes in the foreign visa system (VLN) matter has closed its case after calling 18 witnesses. The trial began on May 24 last year. The 18th witness, Malaysian Anti-Corruption Commission (MACC) investigating officer Mahendran Vrejenan was released from the stand after examination-in-chief by deputy public prosecutor Datuk Raja Rozela Raja Toran and her legal team as well as cross-examination by Zahid’s lawyer Datuk Ahmad Zaidi Zainal. Once the witness was released, Raja Rozela declared that the prosecution’s case was closed. Judge Datuk Mohd Yazid Mustafa ordered the defence to file its written … [Read more...] about Prosecution closes its case in Zahid’s foreign visa system graft trial