Companies in the Asia-Pacific (APAC) region are deploying Data and Analytics tools and platforms to manage disparate data sets with higher volumes and derive deeper insights from the data. Against this back drop, the APAC Data and Analytics market is set to grow at a compound annual growth rate of (CAGR) of 25.5% during 2017-2022 to reach US$89.6bn, according to GlobalData, a leading data and analytics company.
Industry News
OCBC seeks virtual bank license via joint venture with telcos
In the race to keep up with ever-evolving consumer needs, Oversea-Chinese Banking Corp (OCBC) have begun discussions with Singtel Telecommunications, among others, in order to procure one of Singapore’s planned virtual bank licenses, a spokesperson for the matter said.
US yet to respond to over 130 license requests for Huawei sales
As the US-China trade war rages on without an end in sight, the US Commerce Department has yet to distribute any licenses for the sale of US products to China’s Huawei Technologies Co Ltd, despite having received over 130 requests from companies almost 2 months after President Trump announced that certain transactions would be permitted, according to three sources.
DoT orders Tata Tele-Bharti Airtel merger to be held in abeyance
The Registrar of Companies (RoC) in Mumbai and Delhi have been ordered to “withhold any further action” pertaining to the Tata Tele-Bharti Airtel merger as the Department of Telecom (DoT) has “not given written approval yet” to the agreement, an act that could potentially delay the progress of the high-profile transaction.
ZTE releases H1 2019 report with net profit earnings of RMB 1.47 Billion
ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, released the interim report 2019 and the preliminary results announcement for the nine months ended 30 September 2019.
Industry’s first SD-WAN standard officially published
MEF announced the publication of the industry’s first global standard defining an SD-WAN service and its service attributes. SD-WAN Service Attributes and Services (MEF 70) was officially approved by MEF members and ratified by the MEF Board of Directors at the organization’s recent Annual Members Meeting.
Southeast Asian country sets out important guidelines toward data protection
Singaporean companies and organisations now have less than a week to adhere to more stringent laws regulating the use of the NRIC along with other national identification numbers.
Huawei will pave its own path with or without Google
Amidst the uncertainty and the volatile economic environment caused by the US-China trade war, Huawei has decided to put its foot down and pave its own way for the future of the company with or without Google, its partner in the race towards building newer Android technology for smartphones.
Huawei launches groundbreaking all-scenario AI computing framework
Huawei has officially launched the world's most powerful AI processor – the Ascend 910 – as well as an all-scenario AI computing framework, MindSpore.
Buyers eyeing acquisition over Axiata-Telenor merger
Buyers have expressed their interest in procuring Axiata Group Bhd’s wireless tower business, even as the Malaysian telco juggernaut continues ahead with previous plans for a larger merger with Telenor’s Asian operations, an insider has stated.