A recent report highlights Grab’s economic contributions totaling nearly RM10 billion, or 0.5% of Malaysia’s GDP in 2023, praised by Malaysia’s Minister of Digital for its efficiency and business opportunities. E-commerce, e-hailing, and delivery services have increased job opportunities, but questions arise regarding their impact on workers and future economic prospects. Platform capitalism, including PBGE and e-commerce, has become integral to Malaysia’s economy, drawing on excess capital to generate revenue, drive consumption, and create employment opportunities for individuals who may not have sought formal employment previously.
Full Article
SIA CEO’s annual pay falls nearly 14% to S$7 million despite record profit
SINGAPORE: Singapore Airlines CEO Goh Choon Phong's annual salary for FY2024/25 was S$7.01 million, a 13.5% decrease from the previous year, despite the airline posting a record net profit of S$2.78 billion attributed to a merger gain. The operating profit fell by 37% to S$1.71 billion due to increased competition, leading to a reduced profit-sharing bonus of 7.45 months for employees. Explain It To Me Like I'm 5: Singapore Airlines' CEO made S$7.01 million last...
Read more