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Philippines leading on social media

  

social media

The Philippines ranked as “the most social nation” or the country with the most active population on social media, according to the latest State of the Mobile Web report released by Opera Software. Mobile Internet users in the Philippines have a tendency to visit social-networking sites more than any other. In fact, 86 percent of the page views from Opera Mini mobile browser users in the Philippines are to social-networking sites, which represents the highest percentage among Opera Mini's top-50 user countries on a global scale.

Social networking is one of the country's most active web-based activities. Filipinos are the most active users on a number of web-based social network sites such as Facebook, Instagram, Snapchat and Twitter on a global scale. Tagged as “The Social Networking Capital of the World,” the Philippines have adopted an extensive cyberculture. With over 7.9 million Filipinos using the Internet, 6.9 million of them visit a social networking site at least once a month. David Jones, vice president for global marketing of Friendster - one of the most visited websites in the Philippines - said that “the biggest percentage of (their site's) user is from the Philippines, clocking in with 39 percent of the site's traffic.”
A study released by Universal McCann entitled “Power to the People - Wave3” declared the Philippines as “the social networking capital of the world,” with 83 percent of Filipinos surveyed are members of social network. They are also represent the largest photo uploaders and web video viewers, ranking second in terms of the number of blog readers and video uploaders.
According to the closely followed internet trends report released by social media management platform Hootsuite and United Kingdom- based consultancy We Are Social Ltd. the Filipinos spend an average of 4 hours and 17 minutes per day on social media sites such as Facebook, Snapchat and Twitter. The data is based on active monthly users data from social media companies.
The Philippines's social media usage, however, stands in stark contrast to its internet speed. The country's fixed broadband speed is among the slowest in Asia Pacific while mobile connections are among the fastest, which explains why smartphones‘ usage in the Philippines has increased exponentially.
Within a year, the Opera Mini user base in the Philippines increased by 41 percent, and is how the eight-largest in the world and second-largest in Southeast Asia. Its smartphone user base also increased by an unprecedented 90 percent.
The study shows the key trends revolutionizing the mobile web in the country:
It is undeniable that the mobile web usage is growing in the Philippines, with an increase of the number of page views to 62 percent. Browsing 638 webpages on average per month, the Opera Mini user in the Philippines browses more than the average, which is 615 pages.
With an 86 percent of page views by Opera Mini users in the Philippines, mobile internet users in the country have the highest social-media activity in the world. This also represents the highest percentage among the top-50 Opera Mini user countries. Which social network do they visit more? Facebook clearly dominates, while Twitter, Wordpress, tumblr, Pinterest, and Flirchi rank among the 20 most visited sites.
Most Filipinos have either a smartphone or a local phone brand. Indeed, more than half of Filipinos who browse with Opera Mini users do so on smartphones. The smartphone adoption rate has grown year on year in the Philippines. Meanwhile, local smartphone brands are increasing their market share. In fact, Cherry Mobile has overtaken Samsung, with a 27 percent market share, and another local brand, MyPhone, has 8 percent. These two local smartphone brands' total market share put together is 35 percent, higher than Nokia's 31 percent.
“The prevalence of the smartphone is driving internet usage in the Philippines,” said Eiko H. Raquel, Country Manager for the Philippines at Opera Software. “Filipinos love to share things with friends and families. This country used to be the text-messaging capital of the world. Now, with easier internet access and higher smartphone adoption, the Philippines has not only been crowned the ‘selfie capital of the world' by Time magazine, but also has now been ranked as the most social nation” by Opera."
Founded back in 1996 and with over 350 million customers, Opera provides faster and more innovative web browsers. Originally from Norway, Opera Software AS is a privately held company.

 

Best Apps to explore Asia

  

Best Mobile Apps to explore Asia

Why get a travel guide when you can get an app that does everything for you? Some apps give you the information right away, they help you book a room, a tour or a trip with a few taps on your phone and they have up-to-date information. Mobile apps are revolutionizing the world of travel today: they are handy, easily accessible and provide every kind of information you need while you travel. Here are some mobile apps to travel around Asia:
Findery is a mobile app that allows you to share your experiences while exploring the world. A cross between geocaching and social networks, you can leave “digital notes” about a place and explore other travelers' memories as well. Findery is an interactive travel journal that allows you to add your videos, photos and music clips when you share a “digital note” or memory.
Combine this app with eOasia tours to access memos of all the places your guide takes you to and other travelers can read your suggestions. Open the in-built map to check out notes of nearby areas that travelers have left behind. This app is not only available in English, but also in Chinese, French, German, Italian, Japanese, Korean, Russian, Spanish and Portuguese.
Use Hopper app to get the best fares on air tickets. Designed mainly for iPhones, Hopper advises you when the best time to book air tickets. Unfortunately, the app only shows you when you should buy the ticket but you can't purchase it straight from the app.
Having Triplt mobile app is like having a personal assistant while you travel. From your travel confirmations, itineraries, tickets, car rental and hotel bookings, this app stores and manages all of your bookings. This saves you the trouble of going through your emails to check your bookings and what's more, you can even access them online, which can be incredibly useful when you are traveling and Internet access is limited.
You can even sync this app to your Google calendar, and allow it to send travel confirmations to Triplt for alerts. That will allow you to check flight number, hotel address, or confirmation number on the go. This is perfect for when you are backpacking around Asia as it allows you to find all your bookings in one place and keep track of your tours.
Travel Pocket is like having a personal accountant when you travel. This is a great expense tracker when you are traveling and it even has a currency converter. This gives you control over what you are spending and what you are spending your money on while you travel. It also gives you a summary at the end of your trip so you can see how much money you spent and what was most expensive during your trip. You can even export this into a spreadsheet.
The Converted is an app used for conversion of measurement and is useful for Asian travelers as various countries use different units. With over 200 units, 165 currencies and 52 other units including weight, temperature and speed, this app makes traveling in Asia that much more convenient.
Rome2Rio helps you plan your route by showing you different ways to get to your destination. This app is particularly helpful when you travel in Asia to save you from getting scammed. The app will help you take the local transportation, including buses, ferry and trains, and it also allows you to book a flight.
Open Signal is the network solution when you travel. It shows you Wi-Fi networks, measures signal strength and phone signals. It even shows you the area coverage and speed of local cellular carriers on a map. The app also helps you choose a local SIM card and allows you to keep track of your monthly data usage.
It's not that easy to get your bearings when you land in a new country, particularly if it's a big city. City Maps 2 Go is the ultimate travel guide and map as you can access it offline. Beforehand, you have to save places you want to visit, pin places such as your hotel, and you can access it offline. It saves you data usage or it is particularly convenient when you have no Internet at all.

 

Philippines: next tech tiger

  

tech tiger

Although the Philippines has one of the fastest-growing economies in Southeast Asia, it is not clear it will become the next tech tiger since it also has the slowest internet in the region. Whether it is slow internet connection can hinder its tech revolution or not, some people are certain that the country posses an opportunity to turn it into Asia's next tech tiger.

With a fast-growing middle class who can afford technology, a large English-speaking population, a society that is addicted to social media, and low labor and operating costs, the Philippines apparently has all the ingredients of an emerging tech tiger.
There's an opportunity for growth as the population is ready for a tech revolution: they have money to spend and they love being online but the slow internet connection frustrates them. If internet speed is already atrocious, coverage is no consolation: stepping out of the city means traveling decades back in time.
A recently arrived tech entrepreneur Peter Fabian said to the BBC that the Philippines looks like “the end of the world” to any seasoned Silicon Valley investor. The reason why Philippines has been left behind in the region is because entrepreneurs looking for the next tech hub overlooked the country and invested in other Asian tigers, such as Singapore and Thailand.
Despite being late in the Southeast Asian boom, there's still hope for the country. Mr Fabian, for instance, said: "We see the Philippines as a good testing market." That is why he chose Philippines for his start-up after researching emerging markets across the globe. He did this in spite of his business being dependent on technology, as it aims to use big data to build a credit card company aimed at the middle class who are not customers of traditional banks.
The reason behind this bold move is that Mr Fabian saw the country as a land of opportunities since there is not much competition with only a few experienced tech entrepreneurs around. Mr Fabian also saw the opportunities the Philippines has being a former US colony. The country already has a large English-speaking population which echoes some similar cultural values and the country shares many US institutions, making it more familiar and easy to navigate.
"The attitude towards foreigners is very welcoming, which cannot be said of a lot of people in Asia," said Mr Fabian. Although the Philippine start-up scene is limited, there are some initiatives in this direction. For instance, some businesses adapting Western products to the local market, including fast fashion ecommerce, daily deals sites or taxi service apps.
Meanwhile, others, like Ron Hose who is a Silicon Valley-bred entrepreneur and investor based in Manila are investing instead in looking for solutions to local issues. Therefore, they are coming up with new products that are particularly designed and built for the local market.
"There are a second set of problems that are unique to emerging markets that companies and entrepreneurs in developing countries are not really building products for," he said.
"An entrepreneur sitting in an office in Silicon Valley," Mr Hose said, "is not thinking about the problems of a Filipino who is sitting in a Jeepney (local taxi) for an hour and a half a day to go to work, or whose home gets flooded 10 times a year during typhoons."
His company, Coins.ph, offers financial services to people who have no bank account. According to Mr Hose, it may be true that each country is unique, but there are vital common problems that are similar across emerging markets, like being unbanked - which he already addressed - or having no access to education.
"If you solve one of these needs, then the market is larger than any one of these countries. If you can solve banking for people in the Philippines, you can solve it for 500 million people in South East Asia," he said.
Richard Eldridge is another Manila-based tech entrepreneur who co-founded Lenddo, an online loan company that provides consumers access to financial services and helps them use their social media activity to develop creditworthiness. Based in The Philippines since 2001, MR Edridge has seen the impact of the economic boom on the Philippines.
While running an outsourcing company, he noticed that many of his employees - who are part of the middle class he is targeting - kept soliciting loans from him. "It fascinated me that they were coming to me and not going to a bank and getting loans," said Mr Eldridge. That's the story of why he left the multinational in 2011 to start his own company Lenddo with New York-based chief executive Jeff Stewart. Although the Philippines remains Lenddo's home base and largest market, the company has expanded to other countries such as Mexico and Colombia. Given the success and growth of the company, it is now looking at 30 other emerging countries for expansion.

 

China Tech Domination in SE Asia

  

didi

A Chinese billionaire surprised the audience of a pitch from a startup in Singapore when he wrote “Speed x Market Share” on a white board. This formula means that to succeed to you in a market, you need to be the first and the largest, no matter what the cost. This simple formula is now revolutionizing the Southeast Asian tech scene as China takes it over.

“It was the moment that I understood the Chinese strategy,” said Isaac Ho, the founder of Venturecraft Group, who's known in local medtech circles for whiskey-fueled networking parties. “If you are not the number one, you will become obsolete; if you are the number one, you can buy the newer technology. It's a winner-takes-it-all game.''
This is the story of Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Didi Chuxing. The three corporations expanded to new territories at an unprecedented speed on an immense scale. They did this by following that simple formula laid out by the Chinese billionaire. After such expansion and investment, the first two are now listed amongst the 10 largest corporations in the world.
After those companies have conquered their home markets, which are now saturated, the country's tech overlords are looking to expand to the rest of the planet. The first obvious choice is Southeast Asia, which is a market where they can export that technology and grow quickly as the population in the region is twice the population of the U.S. and is home to the largest Chinese expats in the world; therefore, language and tradition will facilitate this expansion.
Over the course of 2016, Chinese investment in technology off shore more than doubled to $37.8 billion, according to PricewaterhouseCoopers. Out of those, giant Alibaba paid $1 billion in 2016 for control of Singapore-based e-commerce player Lazada Group SA. Meanwhile, WeChat-operator Tencent - a backer of Sea Ltd., Southeast Asia's most valuable startup - invested around $100 million to $150 million in Indonesian ride-sharing giant Go-Jek. Even Asia's most valuable startup Didi has declared it intends to go global.
“What you are seeing is a change in mindset,” said Thomas Tsao, founding partner of early stage investor Gobi Partners. “They're starting to aspire, not just to be the biggest Chinese company, but they are thinking globally.”
China has paved the way to take over the regional economy for decades. Chinese investors have are transforming the region by pouring billions into everything from transport to real estate. According to an estimate by Credit Suisse Group AG, China nearly doubled foreign direct investment into the six biggest Southeast Asian nations in 2016.
Although little of that investment went to the tech sector, which is in its infancy compared to the Chinese tech sector, the country's tech giants are shifting their gaze to the region. China's tech domination of the region will be facilitated by Southeast Asia's deepening mobile penetration and an emergent middle class. The region is an asset for these tech investors as the tech sector is in its infancy, it's home to a large market and also hosts the largest ethnic Chinese population on the planet.
According to the International Monetary Fund, growth in the Asean-5 of Indonesia, Malaysia, the Philippines, Thailand and Vietnam is projected to exceed annually through 2022, outstripping North Asia's 3 percent on average.
No single player is dominant in the Southeast Asia's tech sector, which means the territory is still up for grabs, unlike China where just a few control the major spheres of search (Baidu Inc.), e-commerce (Alibaba), social media (Tencent) and ride-sharing (Didi). This means that Southeast Asia is an opportunity for new companies that can't compete in the saturated market of China or for the key players which can't expand any longer in the Chinese market. As China starts its way to dominate the tech sector of Southeast Asia, we are yet to see how it will all play out and which are the key players that will dominate the region.
Israeli tech pioneer Yossi Vardi says Alibaba's eagerness to expand quickly outside China reminds him of the U.S. in the 60s and 70s when American companies shifted their gaze outside of the American territory, looked outward for growth and that's the story of how they became multinationals. “This is very, very substantial and it's just a beginning,” he said.
“The opportunity in Asia is just unparalleled,” said Grace Xia, Tencent's senior director of corporate strategy and investment. “Southeast Asia is emerging at an accelerated pace, with a lot of similarities with China in terms of user behavior.''

 

Business Advice for Entrepreneurs in Asia

  

entrepreneurs

Here are some condensed pieces of wisdom for and by entrepreneurs in Asia.

“A lot of people complain about yesterday. We have no power to change yesterday. But this very day, 30 years later, is what we can control and decide. Change yourself, take baby steps, and stay determined for ten years. I thank the times of change and everyone's complaints. Because when everyone is complaining, that is your change, an opportunity. It's only in times of chang that someone can be clear of what he has and wants, and what he needs to give up. ” - Jack Ma, in his last speech as CEO of Alibaba.
Mark Chang gave a great piece of advice to once-budding Malaysian entrepreneur, Khai Yin, who then went on and founded GoodPlace.my: “I know only of the ‘kerbau' (buffalo) way, that is, to work hard and wait for the rain.”
If there's an entrepreneur that can talk about being resilient, then that is Firdhaus Akber who founded Streetdirectory and then he was ousted from the company and had to fight a lawsuit. “Entrepreneurs need to understand that they may not be successful on the first time. Most aren't. One needs to learn to pick themselves up and try again when they fail. What I learned from my Hong Kong investors was their nonchalant attitude towards failure. Why be so concerned about failure? If you fall down, pick yourself up and try again. Just keep trying, there's no one who will fail forever.”
What you can learn from Patrick Linden is the value of listening to the right advice: “It is important for entrepreneurs to stay firm to what they believe in. And if you need advice, go to the right people who have been there and done that rather than those who don't fully grasp the reality of entrepreneurship.”
And once you are at the top, you should follow Gou's advice and keep going, keep working hard and never easy up: “I never think I am successful. If I am successful, then I should be retired. If I am not retired, then that means I should still be working hard, keeping the company running.”
You also need to focus on what you think matters most to you and what you love, what you are passionate about, like Le Hong Minh advises you to: “You need to love your work, and work hard at it. to do that, you must pay attention to your priorities at the moment Constantly ask yourself, ‘what is the most important thing to you right now?'”
Even when you do what you love, don't forget that the purpose of a business is to make money. If what you do doesn't make money, then it is a hobby. That is what Sachin and Binny Bansal from Flipkart advise you to: “Perseverance and hard work are very important. The core of any business is to earn money. You have not done your job well until you find a stranger who is willing to open his/her wallet to give you money for the services/products that you are offering.”
Manuel V. Pangilinan from PLDT agrees with most entrepreneurs, particularly Steve Jobs, that the key to success is hard - and also honest - work. “The abiding lesson is that enduring long-term wealth, especially for self-made people, really comes from doing the right thing - no shortcuts, no corruption - and earning it the right way.”
Masayoshi Son, from Softbank, advises entrepreneurs to always think of the future. This is a great piece of advice and source of motivation because if you always think of the future, you are always going to work hard to make that prospect a better one. “Do not limit yourself to thinking in the present. Think above and beyond. Do not be bound by this age; aim to create a new age that will delight people throughout the world.”
Yoshikazy Tanaka, GREE, is also known as the Mark Zuckerberg of Japan. He says that the hardest part of it all is getting started. Once you've started your business, you've already overcome the hardest struggle: “I think the number one advice I can give is - you just have to start it. Just get your feet in the water and do it. I learned a lot from just trying it out.”

 

Philippines Railway Projects

  

mrt train

The Government of Philippines' cabinet-level agency National Economic and Development Authority (NEDA) Board's Investment Coordination Committee (ICC) has approved Mindanao Railway Project's (MRP) Tagum-Davao-Digos (MRP-TDD) segment and two Department of Transportation (DOTr) rail projects. With this purpose, the board's ICC has advised DOTr to coordinate with the NEDA Secretariat to accomplish its approval requisites.

When Mindanao Railway Project is completed, it is expected to provide an efficient and reliable transportation, benefitting tourism, industry and overall economic development in the Davao Region area.
This project is the first part of the proposed 830km MRP loop, which includes a 102.28km commuter railway that will operate from Tagum City to Davao City. The project will locally financed and is expected to cost PHP35.26bn ($710m). The railway is expected to be finished by the third quarter of 2022.
ICC has also approved the North South Railway Projects (NSRP), which is a proposed railway line between Metro Manila, the National Capital Region (NCR) of the Philippines and Legaspi City, the capital of Albay province, in the Philippines.
The project is part of the Government of Philippines' (GOP) aim to encourage economic and urban growth in the most populous regions of the Islands by providing essential connectivity through a world-class passenger rail service.
"MRP-TDD is expected to provide an efficient and reliable transportation upon completion, which would facilitate tourism, industry and overall economic development in the Davao Region area."
The Official Development Assistance (ODA) will finance the project, which will cost nearly PHP285bn ($5.75bn). The three tracks of he NSRP-South Line will run from Tutuban to Los Baños and from Los Baños to Sorsogon for the long haul (581km), and will terminate at Port of Manila.
The Malolos-Clark Railway Project (MCRP) will cost an estimate of PHP211.43bn ($4.27bn) and will connect with the ongoing Tutuban-Malolos portion of the North South Commuter Railway.
MCRP will operate from Malolos, Bulacan, to Clark International Airport (Phase I), and from Clark International Airport to Clark Green City (Phase II).
Although operations and maintenance will be conducted through a public-private partnership (PPP), ODA will also finance this project. Construction is set to start in the second quarter of 2019 and is scheduled to be completed by the second quarter of 2022. Phase II is schedule to start as soon as Phase I is finished and it is set to be completed by 2024.
The NSRP is going to revitalize the oldest rail system in southeast Asia by delivering a 56km-long commuter rail and a 653km long-haul passenger rail services between Metro Manila and the under-served regions in South Luzon.
The project was launched by DOTC and the PMR in July 2015, which marks the start of the bidding process for the South Line, the Manila-Legazpi section. The winning bidder will design, construct, finance, operate, and maintain the project.
As soon as the line becomes operational in 2020, it will support ten daily trips, with seven train sets, passing through 66 stations. Each day, it will handle 316,000 passengers in the initial year of operation. The project will significantly alter transportation in the area as approximately 44,000 public and private vehicle users are expected to shift to the new railway service.
The NSRP is aimed at facilitating transportation and logistics services between the north and south, two rapidly-growing urban regions in Philippines. The project originates in Metro Manila, which is the country's largest city in terms of urban density, with a population of approximately 12m. Therefore, the railway will considerably alleviate traffic congestion in the city. Meanwhile, the Island of Luzon is the biggest and most popular island in the country, housing 48m residents.
After one study not finding the project feasible, another study was conducted and it found out that it was viable in a PPP format. This study was conducted on the southern section of the NCR to find out the viability of the commuter rail project when combined with the Mainline South of the NSRP.
The design and construction of the long-haul passenger rail line will include restoration and renovation of the existing track for safe use. It will also include upgrades for attaining a design speed of 75km/h and allowing a maximum permissible axle load of 15t.

 

Source for Tech Start-ups

  

Tech Start ups

Over the course of the last few years, the Philippines has not only undergone an economic boom but also a tech revolution. After much transformation, the country has succeeded in re-inventing itself and becoming a leading source of tech start-ups and talent.

After an intensive program aimed at privatizing and modernizing Fort Bonifacio - a former military base - turned it into the Silicon Valley of the Philippines. Boasting luxury condos, malls and skyscrapers, today Bonifacio Global City looks like any other major financial hub in the world. This modern financial district is the beating heart of the country's tech scene and it is hard to believe that not even two decades ago, it was still a military base filled with barracks built during World War II.
From being left behind in Southeast Asia, the Philippines has become the breeding ground for tech start-ups that quickly reach the billion-dollar value mark. These successful start-ups are fast becoming the norm in the country, which has produced 30 start-ups of the like within a year.
The country's booming economy - one of the world's fastest growing economies - is mostly responsible of that growth. As its massive business process outsources industry, employing more than a million workers, the Philippines has grown a ferociously strong tech services industry. The country also fosters talent as the some of the industry's fastest growing sectors are those employing advanced skills, like data analytics and mobile app development.
Boasting growing innovation, flexibility, talent and resources, the Philippines is fast attracting a growing number of tech start-ups. The Philippines also boasts a large English-speaking population, a young and highly educated workforce, and low labor costs.
Each year, tens of thousands of graduates specialize in engineering and technology. Most of them are highly skilled in app design and programming languages, which ensures a thorough capable workforce. Nowadays, internet has made it possible for companies across the planet to tap into this skilled workforce and find an ideal pool of on-demand talent for emerging tech start-ups.
As a former US colony, the Philippines has a workforce that is already familiar with the American culture, which is an advantage for companies looking to outsource.
There has also been revolution in society, a shift in culture and a change in the general mindset from one generation to the other. While Filipinos were happy to work in a call center in the past generation, there's a new generation of young and educated Filipinos who are willing to design and build their own products, and compete with tech films from around the world.
Thanks to this shift in culture, investors are now interested in working with Filipino companies. For instance, Philippine Long Distance Telephone Company invested $445 million in Germany-based Rocket Internet to establish a strategic partnership with the objective of encouraging a joint development of digital payment technologies for emerging markets.
Thanks to its strategic position, the Philippines are a gateway to the larger Southeast Asian market, since it boasts a westernized market while maintaining a shared ethnicity with many of its neighbors. Therefore, the Philippines is also a unique market that presents an interesting testing environment and it has served that purposed for a variety of products and services, including Uber and Facebook.
As Filipinos can speak English, start-ups can test their products in the Filipino market without having to translate them into another language.
The Filipino population has also laid the groundwork for a tech revolution given it active presence in social media. According to Opera Software's State of the Mobile Web report, the Philippines is the world's most active country on social media. Moreover, according to a study by Taiwanese advertising tech start-up Appier, 20.8 percent of multi-screen users in the Philippines use at least three devices, so they are actively purchasing technological products.
The Philippines tech sector has also been backed up by the Government. During the 2015 Asia Pacific Economic Cooperation, Trade Secretary Gregory Domingo stated, “I have to admit, the government has lagged behind in its understanding and support or the (start-up) sector. That's something we'd like to change going forward.”
In summary, whether the Filipino tech start-up industry will soar in the future or not, what seems clear is that the country appears to have laid the groundwork for the industry to succeed and could pave the way for other emerging nations.

 

Asian business start-ups

  
It bodes well for prospective businesses in the Philippines that there is currently a resurgence in technology-orientated start-ups elsewhere around the Pacific rim. Here is our overview of some of the more exciting developments.Asian business
BrandClozet
An Indonesian innovation, BrandClozet offers Indonesian users a weekly service, offering flash sales of both local and global labels. BrandClozet is run by its founder, Detty Wulandari, affiliated to Fazzione. This organization has been offering flash sales to members since 2012.
ReferralCandy
ReferralCandy is an app that has been developed by Anafore, a business start-up operating from Singapore. This has been designed to allow users to implement ‘refer a friend' type programs, using the platform of email marketing. ReferralCandy is integrated with major e-commerce resources, such a Magento and Shopify. An oversubscribed funding round recently saw 778,000 being raised in US dollars for this start-up.
Cinnamon
Cinnamon is a start-up based in Japan. They pitched a popular photograph manipulation app, Seconds, at the Startup Asia Singapore conference recently. In addition, they have also announced receipt of $1.5 million worth of funding, received from CyberAgent Ventures, Golden Gate Ventures, Incubate Fund and TSB Innovation Partners. This welcome injection of cash has arrived just in time for Cinnamon's launch of PicChat – the revamped version of Seconds, the latter having been removed from Google Play and the App Store.
ITviec
ITviec, based in Vietnam, is an IT-specific recruitment agency that has been ticking over nicely since its inception last July. ITviec can be relied upon to provide interesting background information on the IT industry's trends, that is of use to technologically-driven employers and employees beyond Vietnam.
Kelas Cinta
Indonesia's KelasCinta (which translates as love class) are aiming to be a one-stop answer for dating and relationship needs. It is the brainchild of offline training company, Hitman System, who have been educating Indonesian singletons since 2006!
Appzillo
Based in Malaysia, Apzillo allows application developers to promote the apps they are working on through the advertising medium of dedicated website space. In this way hits can be transformed to more user-generated revenue.
Art Loft

Singapore's Art Loft, launched at the end of last year, is a website for the renting and buying of various types of art. It was instigated by an art enthusiast, along with the founders of a Singapore start-up called Soldgers. The latter had previously dabbled in the penny auction business. Art Loft currently has over 500 piece of art listed in the site, and are actively looking at ways of generating more interested investors.
 

Asian economy overview

  
Almost 60% of the planet's population live in Asia. At the time of counting we're talking about 4.2 billion people. That's a vast number of people, many of whom are working hard towards ensuring the economies of their respective countries flourish – or at least ride the uneasy currents of the post global meltdown.Asian economy
These billions of people are spread across 46 different nation states, and together they form the world's fastest-growing economic region. The largest Asian economy is that of China, the formerly insular sleeping giant that has undergone a radical transformation in recent years. In global terms, China's trading prowess is only bettered by the United States of America.
Asian economies have seen some spectacular booms in recent years. South Korea underwent the so-called 'Miracle of the Han River', between 1961 and 1996. During this period its economy expanded from around 30 billion in the early 1960s to a figure approaching a trillion dollars by the end of the 20th century. Other Asian countries that have enjoyed similar booms include Japan, who underwent its so-called economic miracle up until the 1990s, and China, which continues to enjoy an expansion in its commercial prowess.
Asia in no different to any other part of the world in that its component parts differ vastly in terms of wealth and trading clout. The reasons for this are many and varied themselves. The sheer size of Asia means that countries vary tremendously in their industries and potential workforces and work practices. Added to this equation are factors such as cultural differences, environments, historic ties and variations in types of government and economic infrastructure.
In terms of gross domestic product, the largest economies in Asia are China, Japan, Russia, India, Indonesia, the Philipines, Thailand, Malaysia and Singapore. For all that these neighbouring countries are separated by often vastly diverse cultural and sociological make-ups, there are many constants that are equally likely to create the ideal conditions for sustainable and profitable trade partnerships. The increasing utilization of technology, that had the ability to transcend national frontiers, means that many enterprises are integrating across cyberspace, with project teams straddling nations in a way that political entities can only dream of.
When it comes to trading, firms are turning to the global marketplace via the so-called information superhighway (the web to you and I). This is the virtual arena where companies can advertise their wares and make large amounts of capital without the need to operate at ground level. As Western nations increasingly turn to the Far East, with its strong emphasis on value for money and customer-orientated service, trade routes and the possibilities for commercial union will become ever more diverse.

Asian markets – trends

  

It's not new to 2018, but growth in Asia is heating up. Asia has become the world's largest theme park market. CNBC: The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018. The worth of the mobile contents market in Asia is expected to reach 41.5 billion U.S. dollars in 2019. IMF: Growth will remain strong at 5.4 percent in 2018, as the region continues to be the leader of global growth. Forrester: Asia Pacific Tech Market Outlook For 2017 To. 2018. The Region's Tech Spending Will See Moderate Growth In 2017 Before Accelerating To Almost. 6% Growth In 2018. Forbes: For the first time in 2018, more than half of world's 3.6 billion internet users will reside in Asia Pacific.

Business analysts are casting one eye back to recent history, as well as considering how recent market developments are panning out. One thing that can be looked upon with fairly universal agreement is the fact that the Far East, in tune with the globe in general, has slowly but surely shaken off the worst of the ill-effects of 2008's worldwide recession. This was an event of far-reaching consequences, sending shock waves throughout international commerce. The return to a semblance of normality has been painful in many places, but at least there is a light at the end of the tunnel.Asian markets

Asia felt the worst effects of the global economic downturn, to varying degrees. There were many different factors that affected the rate at which recovery was possible. European trading partners experienced severe problems in the euro zone, and the mighty commercial giant of the USA underwent its own lengthy periods of fiscal uncertainty. However, 2015 proved to be a far more settling time for business aspirations around the Pacific Rim, and in the Philippines.
Statistical monitoring from various commercial authorities demonstrated that international trading was at least beginning to fluctuate between negative and positive trends, after several years of graphs meandering ‘below the fault line'. Banks remain cautious when it comes to lending to business clients, particularly those wishing to start up new enterprises. But the good news for entrepreneurs is that the numbers of loan applications being accepted is on the rise, even if this is a gradual trend, in most sectors, and across borders. Asia has traditionally nurtured a careful, conservative business ethos. But this degree of caution is a prime driver in the fact that any recovering, once it begins building momentum, is liable to be much stronger than if there were a series of ‘quick fixes' being applies across the board.
One litmus test of Far Eastern economies is in the commercial property market. Most market analysts, when writing reports on the Asian marketplace, are agreeing that business confidence is returning, and this is reflected in the leasing sector. By studying trends over previous years, the longer-term indications are that real estate requirements are far more likely to show signs of increasing over the next three quarters, compared to the sluggish figures ingathered from the previous three.
With the knock-on effects of the Western European and American economies picking up, the Philippines, and indeed, the Pacific Rim in general, have good reason to feel more optimistic about the Asian markets in 2016 than at the comparable point last year.

 

  
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