Indonesian e-commerce “struggling to generate profit”

If prices continue to rise, as they have steadily over the years in Indonesia, your gold balance will also grow. When the first private digital gold players cropped up, they had a variety of business licences. Then, in 2018, the Ministry of Trade put out a framework for the exchange of physical gold that also … Read more

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American companies are now actively competing for product development and design talent from India for their captive centres while reorganising their technology operations. In Walmart’s case, one of its big problems in catching up with Amazon on the tech front is that Amazon has common platforms across the world—be it for shopping, or cloud services … Read more

10 Tips on How to Start the Term Life Insurance Journey with Mixed Experiences

In a post-Covid world, micro-insurance addresses flexibility in cash flow, says Income’s chief digital officer Peter Tay. A product like SNACK can lower the entry barrier for consumers to build up their insurance portfolio, despite diverse financial backgrounds. In addition, the top three banks in Singapore by total assets—DBS Bank, OCBC Bank, United Overseas Bank … Read more

Singapore’s Insurance Forge is Pioneering the Hybrid Model

Singlife recorded a profit of S$5.2 million (US$3.7 million) in the year ended December 2018, but lost S$47 million (US$33.7 million) the following year. It had to reinvest its profits in order to grow across the region. In early 2020, it received a green light to operate in the Philippines, although the launch has been … Read more

Know What Issues You Might Face on WhatsApp and How to Overcome Them!

While this makes WhatsApp a great alternative for online retail, it could also be a downside. A personalised experience means companies have to entice customers to reach out to them since sharing promotional messages on WhatsApp is not allowed. WhatsApp is also not a discovery platform like Amazon and Flipkart, where people could just browse … Read more

One Hundred Ways of Creating Product Exclusivity in Online Retail – Research & Review

But there’s a case for targeting rural households—many of them receive domestic and international remittances, says Dennis Valdes, president of Cebuana Lhuillier Rural Bank (CLRB), the rural banking unit of pawnshop giant Cebuana Lhuillier. That’s money that could go into deposits if banks could extend their reach. In 2019, Philippine overseas remittance inflows alone amounted … Read more

Offline Exclusive Boutique Store Emulates Experience of Online Landscape to Thrive in Physical Stores

Exclusivity is a two-pronged weapon for e-commerce players. It drives traffic to the platform while holding competition off. For businesses which have been badly affected by the pandemic, it could prove crucial. In May, when India eased the nationwide lockdown it imposed due to the pandemic, allowing e-commerce players to resume operations across categories, Amazon … Read more