The Future of Payments
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Annual Report 2015 Key Figures
Annual Report 2015 Key Figures Financials (in EUR million) 2015 2014 Change % Rocket Internet Group (according to IFRS) Revenue 128.3 128.2 0% EBIT (Earnings before interests and taxes) −226.1 421.8 −154% Cash and cash equivalents 1,758.9 2,053.4 −14% Loss / profit for the period −197.8 428.8 −146% Earnings per share (in EUR) −1.24 3.24 −138% Rocket Internet SE (according to German GAAP) Revenue 34.2 28.8 19% EBIT (Earnings before interests and taxes) −63.8 −10.7 498% Cash on hand and bank balances 1,720.0 1,997.7 −14% Net loss for the year −73.4 −45.9 60% Net loss for the year before extraordinary expenses 1) −70.6 −11.3 525% Revenue (in EUR million) 2015 2014 Change % Selected Portfolio Companies Food & Groceries 534.4 164.3 225% HelloFresh 305.0 69.6 338% Delivery Hero 197.9 88.0 125% foodpanda 31.5 6.7 373% Fashion Global Fashion Group 930.1 627.4 48% General Merchandise 2) 3) 450.0 262.5 71% Lazada 2) 3) 248.0 139.1 78% Jumia 134.6 61.8 118% Linio 67.4 61.6 10% Home & Living 452.9 343.4 32% Westwing 219.2 183.3 20% Home24 233.7 160.1 46% 1) Net loss for the year plus extraordinary expenses of EUR 2.9 million and extraordinary expenses of EUR 34.6 million respectively. 2) Figures shown were converted to EUR using average exchange rates. 3) Growth rate shown is calculated using constant exchange rates. -
E-Commerce and Its Impact on Competition Policy and Law in Singapore
E-commerce and its impact on competition policy and law in Singapore A DotEcon study for the Competition Commission of Singapore Final Report – October 2015 DotEcon Ltd 17 Welbeck Street London W1G 9XJ www.dotecon.com Content Content 1 Introduction ................................................................................................................. 1 2 E-commerce activity in Singapore ............................................................................... 4 2.1 An introduction to e-commerce ........................................................................... 4 2.2 E-commerce adoption in Singapore ................................................................... 17 3 E-commerce and competition .................................................................................... 38 3.1 What changes with e-commerce? ...................................................................... 38 3.2 The impact of e-commerce on market boundaries ............................................. 59 3.3 The impact of e-commerce on market structure and competition ...................... 65 3.4 Vertical restraints ............................................................................................... 77 4 Implications of e-commerce for competition policy in Singapore .............................. 83 4.1 Defining a relevant market ................................................................................. 84 4.2 Assessing market power ................................................................................... -
Founder Series, Wednesday 6Th June - SGD$65 (Single Event Only - Evening)
presented in partnership with WEDNESDAY 6TH JUNE Location: Core Collective, Level 22, PROGRAMME 79 Anson Road, Singapore 6.15PM Guest arrival & registration 7.00PM Welcome remarks 7.15PM Panel discussion 8.15PM Audience Q&A 8.30PM Drinks & networking 8.45PM Optional tour of Core Collective 9.30PM Event ends THE PANELISTS JESRINA ARSHAD BRAD ROBINSON ELIKA MATHER PurelyB Ritual Gym Kitchen by Food Rebel ABOUT THE PANELISTS JESRINA ARSHAD | PurelyB Jesrina is the Co-founder and CEO of PurelyB.com. Launched in 2015, PurelyB is South East Asia’s leading health and wellness online community portal. Providing holistic wellness content on nutrition, fitness and mindfulness with a mission to transform people’s quality of health and life through online guided solutions created by the best health experts worldwide. In 2016 PurelyB launched Malaysia’s first holistic wellness TV show with Astro, SE-Asia’s largest media entertainment group. Today they have members spanning across 8 countries globally including US, Australia and UK. Prior to PurelyB, Jesrina was Head of Digital Marketing & Strategy at Astro Malaysia Holdings, Digital media manager at Mindshare Malaysia (Head of Digital for clients Maxis, Astro & Sime Darby Group), and Web Designer & Developer at VLT (now Mckinsey Labs). Jesrina holds a Bachelor’s degree in Multimedia Technology and Design from the University of Kent, and a Master’s degree in Marketing. BRAD ROBINSON | Ritual Gym Brad Robinson is a Founder and Chief Executive of the award-winning Ritual Gym. With over 15 years of global entrepreneurial experience, Brad is a proven business leader and entrepreneur now driven by his desire to change the global fitness landscape, improving lives along the way. -
Interim 2Nd Quarter
- CIMB GROUP HOLDINGS BERHAD (Company Number 195601000197 (50841-W)) CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2020 The Group The Company 30 June 31 December 30 June 31 December 2020 2019 2020 2019 Note RM'000 RM'000 RM'000 RM'000 ASSETS Cash and short-term funds A8 42,258,930 37,765,092 148,787 370,546 Reverse repurchase agreements 9,961,410 9,014,453 - - Deposits and placements with banks and other financial institutions A8 8,188,565 4,799,169 633 - Financial investments at fair value through profit or loss A9 39,221,896 38,137,273 - - Debt instruments at fair value through other comprehensive income A10 36,130,241 33,318,413 2,500,362 2,493,362 Equity instruments at fair value through other comprehensive income A11 339,093 455,760 - - Debt instruments at amortised cost A12 51,547,969 39,833,491 6,181,632 6,183,386 Derivative financial instruments A26 16,311,561 11,589,897 - - Loans, advances and financing A13 358,998,966 360,340,100 - - Other assets A14 12,678,486 10,101,213 84,311 133,440 Tax recoverable 676,665 312,126 180,666 182,089 Deferred tax assets 930,590 882,623 - - Statutory deposits with central banks 3,375,140 11,499,998 - - Amount due from a subsidiary - - 12 12 Investment in subsidiaries - - 32,307,053 32,158,313 Investment in associates and joint ventures 2,511,352 2,427,761 - - Property, plant and equipment 2,301,596 2,343,507 5,591 5,898 Right-of-use assets 701,126 775,842 - - Investment properties 41,000 17,334 373 381 Prepaid lease payments 76,424 81,428 - - -
OCC Cables Limited OCC Cables Limited
Project Oxford IPO Cover spine 20.8mm_Eng high res output.pdf 1 28/9/2018 上午10:15 OCC Cables Limited OCC Cables Limited (Incorporated in the Cayman Islands with limited liability) Stock Code:1791 C M Y CM MY CY CMY K GLOBAL OFFERING Sole Sponsor Joint Global Coordinators OCC Cables Limited Joint Bookrunners and Joint Lead Managers (Incorporated in the Cayman Islands with limited liability) Stock Code:1791 IMPORTANT IMPORTANT: If you are in any doubt about any of the contents of this prospectus, you should obtain independent professional advice. OCC Cables Limited (Incorporated in the Cayman Islands with limited liability) GLOBAL OFFERING Number of Offer Shares : 270,000,000 Shares (subject to the Over- allotment Option) Number of Public Offer Shares : 27,000,000 Shares (subject to reallocation) Number of Placing Shares : 243,000,000 Shares (subject to reallocation and the Over-allotment Option) Offer Price : Not more than HK$0.80 per Offer Share and expected to be no less than HK$0.60 per Offer Share, plus brokerage fee of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005% (payable in full upon application in Hong Kong Dollars and subject to refund) Nominal value : HK$0.10 per Share Stock code : 1791 Sole Sponsor Fortune Financial Capital Limited Joint Global Coordinators Joint Bookrunners and Joint Lead Managers Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. -
Whither Policing Cryptocurrency in Malaysia?*
25 (2) 2017 IIUMLJ 179 - 196 WHITHER POLICING CRYPTOCURRENCY IN MALAYSIA?* Sonny Zulhuda Afifah binti Sayuti ABSTRACT Cryptocurrency, like Bitcoin, is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. It is an emerging financial technology enabled by innovation, increasingly popular among global Internet users, and more interestingly, it challenges the existing financial and regulatory rules on the currency and payment systems of the world today. On the other side, certain cryptocurrency like Bitcoin, have been actively used as payment tools for illicit transactions. Both the “promising” and "challenging" faces of cryptocurrency trigger causes for concern for policy makers, not only from financial sector, but also legal and technological sectors. The decentralised nature of cryptocurrency creates unique problems for the government to regulate or impose any regulatory requirements. This article argues that, in order for Malaysia to remain at the forefront of financial and digital innovation, it is timely to look at the question on whether to formulate certain policy and regulatory framework on the use of cryptocurrency in Malaysian market. The answer can pave the way for Malaysian digital citizens to potentially grab the opportunities made possible by the cryptocurrency technology. For this purpose, the researchers seek to study the features of cryptocurrency and the experiences from policymakers in other jurisdictions in dealing with the matter. * Acknowledgments: The researchers wish to thank the Ministry of Higher Education of Malaysia for providing a support under the Fundamental Research Grant Scheme (FRGS) that has helped this research and publication. -
Thai News Update: 21 May 2020
Thai News Update: 21 May 2020 1. Baht is Asia’s top outperformer on tourism rebound bet Source: Bangkok Post (Link) After lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers. The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020. The catalyst? Traders are betting Thailand’s tourism- dependent economy will recover swiftly from the virus-induced slump as economies begin to reopen. “The sooner availability of a vaccine will mean a quicker recovery in industries such as retail and tourism, and as such currencies relying more on these sectors may respond more,” said Frances Cheung, Singapore-based head of Asia macro strategy at Westpac Banking Corp. Yanxi Tan, a foreign exchange strategist at Malayan Banking Bhd. expects the baht to rise to 31.7 per dollar by year-end as the pandemic dissipates. The currency rallied as much as 0.5% to 31.872 per dollar on 19 May, with sentiment bolstered by signs of progress in developing a vaccine against the virus. 2. Organic rice gets trade boost Source: Bangkok Post (Link) The Commerce Ministry has registered a domain for Thai farm and food products, TraceThai.com, with local organic rice chosen as the pilot product given its high value, strong market demand and export potential. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said the registration is part of an ongoing project of the office in supporting Thai farmers and Thai organic rice exporters. -
Regulation of Cross-Border Non-Bank Remittances in the Philippines-Malaysia Corridor
MACMILLAN KECK New York ● Geneva Regulation of cross-border non-bank remittances in the Philippines-Malaysia corridor Prepared for CGAP Rory Macmillan and Jason Blechman MACMILLAN KECK ATTORNEYS & SOLICITORS www.macmillankeck.pro June 2019 DISCLAIMER This work was funded in whole or in part by CGAP. Unlike CGAP's official publications, it has not been peer reviewed or edited by CGAP, and any conclusions or viewpoints expressed are those of the authors, and they may or may not reflect the views of CGAP staff. Table of Contents 1. Introduction ................................................................................................................... 1 1.1. Terminology ......................................................................................................................1 1.2. Methodology .....................................................................................................................2 2. Background on the two markets ..................................................................................... 2 2.1. Malaysia ............................................................................................................................2 2.1.1. Remittances market background ........................................................................................................... 2 2.1.2. Regulatory reform.................................................................................................................................. 4 2.2. Philippines .........................................................................................................................5 -
Thailand a Smart Guide to Shipping
CONNECT Thailand A smart guide to shipping This is your quick guide to help you connect with customers and businesses across Thailand. It’s here to help you understand the local culture, shipping requirements, regulations and key commercial opportunities to expand your business. united problem solversTM Contents CONNECT Thailand Visit UPS.com Thailand Overview 03 > Find out the most important facts about the markets to help you assess the potential for your business. Economic Potential 04 > Learn about what sells where and the most popular exports and imports that may be relevant to your sector. Business Culture 09 > Pointers on how to build successful relationships with local businesses and consumers. Tips and Advice 10 > Useful information and directory to help you ship to and from Thailand. Connecting with UPS 12 > A quick overview of UPS capabilities and experience and how we can help connect your business with customers across Thailand. 02 Contents Thailand Overview Economic Potential Business Culture Tips and Advice Connecting with UPS Thailand Overview CONNECT Thailand Visit UPS.com Open your new trade Thailand is known as The 'Land of Smiles' and has an ancient culture. It is a major economy in South East Asia with a strong international outlook. Thailand enjoys a strategic location at the heart of South East Asia and serves as a gateway to Southeast Asia route to Thailand. and the Greater Mekong sub-region, where new emerging markets offer great potential for business. From Thailand, it is convenient to trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), which has a cumulative population of more than 500 million. -
THE LEADING GLOBAL INTERNET PLATFORM OUTSIDE the US and CHINA H1 2014 Results and Business Update
THE LEADING GLOBAL INTERNET PLATFORM OUTSIDE THE US AND CHINA H1 2014 Results and Business Update 17 November 2014 DISCLAIMER This document is being presented solely for informational purposes and should not be treated as giving investment advice. It is not intended to be (and should not be used as) the sole basis of any analysis or other evaluation. All and any evaluations or assessments stated herein represent our personal opinions. We advise you that some of the information is based on statements by third persons, and that no representation or warranty, expressed or implied, is made as to, and no reliance should be place on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. This presentation contains certain forward-looking statements relating to the business, financial performance and results of Rocket Internet AG, its subsidiaries and its participations (collectively, “Rocket”) and/or the industry in which Rocket operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes,” “expects,” “predicts,” “intends,” “projects,” “plans,” “estimates,” “aims,” “foresees,” “anticipates,” “targets,” and similar expressions. The forward-looking statements contained in this presentation, including assumptions, opinions and views of Rocket or cited from third party sources, are solely opinions and forecasts which are uncertain and subject to risks. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in general economic conditions, in particular economic conditions in the markets in which Rocket operates, changes affecting interest rate levels, changes in competition levels, changes in laws and regulations, environmental damages, the potential impact of legal proceedings and actions and Rocket’s ability to achieve operational synergies from acquisitions. -
Oecd-Competitive-Neutrality-Reviews-Thailand-2020.Pdf
FOSTERING COMPETITION IN ASEAN OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE DELIVERY SERVICES IN THAILAND SERVICES DELIVERY OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE OECD Competitive Neutrality Reviews THAILAND SMALL-PACKAGE DELIVERY SERVICES 1 OECD Competitive Neutrality Reviews: Small-Package Delivery Services in Thailand PUBE OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE DELIVERY SERVICES IN THAILAND © OECD 2020 2 OECD COMPETITIVE NEUTRALITY REVIEWS: SMALL-PACKAGE DELIVERY SERVICES IN THAILAND © OECD 2020 3 Foreword Southeast Asia, one of the fastest growing regions in the world, has benefited from a broad embrace of economic growth models based on international trade, foreign investment and integration into regional and global value chains. Maintaining this momentum, however, will require certain reforms to strengthen the region’s economic and social sustainability. This will include reducing regulatory barriers to competition and market entry to help foster innovation, efficiency and productivity. The logistics sector plays a significant role in fostering economic development. Apart from its contribution to a country’s GDP, a well-developed logistics network has an impact on most economic activities. An efficient logistics system can improve a country’s competitiveness, facilitate international trade and enhance its connectivity to better serve consumers and meet the needs of regionally integrated production facilities for reliable delivery of inputs and outputs. The OECD Competitive Neutrality Reviews: Small-Package Delivery Services in Thailand, undertaken within the framework of the ASEAN Competition Action Plan, assesses the impact of state-owned enterprises on competition in Thailand. The analysis focuses on small-package delivery services, a fundamental part of the logistics sector due to their important role in the rapidly growing e-commerce sector. -
The Role of Live Streaming in Building Consumer Trust and Engagement
Journal of Business Research xxx (xxxx) xxx–xxx Contents lists available at ScienceDirect Journal of Business Research journal homepage: www.elsevier.com/locate/jbusres The role of live streaming in building consumer trust and engagement with social commerce sellers ⁎ Apiradee Wongkitrungruenga, , Nuttapol Assarutb a Business Administration Division, Mahidol University International College, 999 Phutthamonthon 4 Road, Salaya, Nakhonpathom 73170, Thailand b Marketing Department, Chulalongkorn Business School, Phyatai Road, Pathumwan, Bangkok 10100, Thailand ARTICLE INFO ABSTRACT Keywords: Live streaming services (e.g., Facebook Live), whereby video is broadcast in real time, have been adopted by Social commerce many small individual sellers as a direct selling tool. Drawing on literature in retailing, adoption behavior, and Shopping value electronic commerce, this paper proposes a comprehensive framework with which to examine the relationships Customer trust among customers' perceived value of live streaming, customer trust, and engagement. Symbolic value is found to Customer engagement have a direct and indirect effect via trust in sellers on customer engagement, while utilitarian and hedonic values Live streaming are shown to affect customer engagement indirectly through customer trust in products and trust in sellers sequentially. Elucidating the role of live streaming in increasing sales and loyalty, these findings suggest dif- ferent routes through which small online sellers can build customer engagement with two types of trust as mediators. Theoretical and managerial implications of this analysis for social commerce are further discussed at the conclusion of this paper. 1. Introduction Yu, 2006). Some online sellers are trying to address such customer concerns by allowing the return of products, or by using third-party Today, social networking sites (hereafter, “SNSs”) such as Facebook, payment processors or cash on delivery.