by Ferry Bayu | Sep 27, 2023 | Business
Keeping Bayanihan Alive in Laguna: PHINMA RCL Inaugurates New School Building
PHINMA Rizal College of Laguna (PHINMA RCL) inaugurated the newly built PHINMA Hall on September 18, a four-storey building that will serve as the new home for a growing number of students in South Luzon. Its 18 classrooms and seven laboratories will cater to students from courses like Criminology and Hospitality and Tourism Management, as well as Senior High School (SHS).
[Calamba, Laguna, Philippines] – PHINMA Rizal College of Laguna (PHINMA RCL) inaugurated the newly built PHINMA Hall on September 18, a four-storey building that will serve as the new home for a growing number of students in South Luzon. Its 18 classrooms and seven laboratories will cater to students from courses like Criminology and Hospitality and Tourism Management, as well as Senior High School (SHS).
“We are honored by the opportunity to extend the mission of PHINMA Education to South Luzon students,” said Eduardo Arevalo, Chief Operating Officer of the Laguna network. “The inauguration of PHINMA hall is just one of our efforts to highlight our commitment to nurturing the new generation of heroes capable of improving the lives of their families, communities, and the country through accessible quality education.”
Christopher Tan, Country Head of PHINMA Education Philippines, explained that PHINMA RCL will deliver the same student-centered, conducive, and effective learning for students that have become the hallmark of PHINMA Education. “This is what makes us successful as we try across the country to lower the barriers of helping through education and to provide a better future for our children,” he added.
To keep the spirit of Bayanihan alive not just for its students but also the greater Laguna community, PHINMA Hall is equipped with 86 solar panels to reduce its impact on the environment. Like other PHINMA Education campuses, it is also equipped with green facilities like rainwater catchment systems and sewage treatment plants. Finally, a tree planting ceremony was held during the event to underscore the network’s commitment to sustainability and environmental awareness.
Present at the inauguration were Laguna Mayor Roseller “Ross” H. Rizal and Congresswoman Charisse Anne Hernandez-Alcantara, PHINMA RCL Board Members Ramon del Rosario, Jr., Magdaleno Albarracin, Jr., Dr. Chito Salazar, Jose Ma. Lorenzo Tan, and University of Asia and the Pacific (UA&P) founder Bernardo Villegas, along with students and faculty members.
Together with the rest of the eight PHINMA Education schools in the Philippines, which includes PHINMA Araullo University (AU), PHINMA Cagayan de Oro College (COC), PHINMA University of Iloilo (UI), PHINMA University of Pangasinan (UPang), Southwestern University (SWU) PHINMA, and PHINMA St. Jude College (SJC) Manila and Quezon City Campus, and PHINMA Union College of Laguna (UCL), PHINMA RCL commits to the mission of making lives better through education.
PHINMA Education Holdings, Inc. (PEHI) under the conglomerate PHINMA Corporation, started investing in the education services sector in 2004 through the acquisition of PHINMA Araullo University in Nueva Ecija. It has since expanded its presence across the country with its network of schools namely: PHINMA Cagayan de Oro College, PHINMA University of Pangasinan, PHINMA University of Iloilo, Southwestern University PHINMA in Cebu City, PHINMA Saint Jude College Manila, PHINMA Saint Jude College Quezon City, PHINMA Rizal College of Laguna, and PHINMA Union College of Laguna. It also aims to expand across Southeast Asia beginning with Horizon Education in Indonesia. For more information, please visit: https://www.phinma.edu.ph.
MA Ramirez
ma*******@******ed.com
by Ferry Bayu | Sep 27, 2023 | Business
Grab to deploy ‘holiday fleet’
Super app operator Grab Philippines is in talks with regulatory agencies to increase the number of its partner-drivers between 10,000 to 20,000 this holiday season to address the projected spike in demand, particularly from tourists and home-bound overseas Filipino workers.
Grace Vera-Cruz, country head of the dominant ride-hailing service provider, told reporters in a recent interview they were planning to deploy a “holiday fleet”, comprising temporary partner-drivers to augment the supply during Christmas.
She said Grab was coordinating with the Department of Transportation and Land Transportation and Franchising Regulatory Board to determine how many more partner-drivers should be given slots in the meantime.
Grab is hoping to finalize the plan by November amid the expected pickup in ride-hailing service demand.
Christmas rush
Ronald Roda, Grab senior director for strategy and operations, previously said that passengers usually have three out of 10 chances of successfully booking a ride during the Christmas rush.
“We’ve been working on this since July. We really want to deliver a good customer experience,” Vera-Cruz said.
Currently, the country head said they have between 20,000 to 30,000 drivers. The number is below the 65,000 it had prior to the pandemic.
Roda said about two-thirds of their fleet quit from the platform during the pandemic when mobility was heavily curtailed. At that time, several cars were also repossessed due to financial challenges, he said.
Grab has since been onboarding more driver-partners along with the resurgence of mobility.
Provincial network
This October, the ride-hailing company is set to launch its Davao operations with 250 driver-partners. It is targeting to increase the slots to 1,500 eventually.
Grab launched its services in Iloilo in March. Moving forward, it is also keen on establishing presence in Pampanga, Albay, Camarines Sur and Bacolod.
The super app operator is set to launch the Hotspot Navigation feature this year, which will enable drivers to identify areas with high demand for ride-hailing bookings in real time. It is designed to improve the earning capability of the company’s driver-partners.
The local ride-hailing market has been dominated by Grab after it bought competitor Uber in 2018. However, two players—low-cost carrier AirAsia Philippines and California-based ride-hailing company InDrive—are now trying to break into the sector as they request for licenses to operate.
by Ferry Bayu | Sep 27, 2023 | Business
Seminyak Sanctuary Welcomes a New Name and Introduces the Latest Room Type
A luxurious villa in the Legian-Seminyak area, formerly known as Legian Kriyamaha Villa, has transformed and is now named Seminyak Sanctuary. This change is marked by the launch of the latest room type with a new look and stylish design, the Grand One Bedroom Villa with a Private Pool and Bathtub.
Having previously earned recognition as one of the top-rated villas or hotels in the Legian area, as acknowledged by TripAdvisor, the decision to rebrand as Seminyak Sanctuary signifies the commitment to continuous improvement and refinement, to deliver an even more exceptional villa experience in the times to come.
There are purposeful and meaningful reasons why this villa picked this new name. Behind this name lies a profound desire: to create a space that offers solace and tranquility. Just as the term “Sanctuary” suggests, the new identity aspires to be a place of comfort and security, whether you seek a respite during your vacation, plan a relaxing holiday, or staycation, or embark on a romantic honeymoon.
“To stay relevant, after Legian Kriayamaha became one of the best villas or hotels in the Legian area, we continuously strive to be relevant in this fast-paced world, and bring a fresh atmosphere. That’s why we transformed into Seminyak Sanctuary. We hope that, in line with the new name, we can provide a comfortable and secure place to rest or stay, be it for a vacation, staycation, or honeymoon,” expressed Gratika Ekawati, Branding Marketing Director at Ini Vie Hospitality.
Seminyak Sanctuary has various facilities and services equivalent to a four-star hotel. There’s a private swimming pool for undisturbed swimming, and guests can also indulge in a stylish bathtub.
Despite offering a peaceful atmosphere, if you still want to experience the lively ambiance of Bali, Seminyak Sanctuary Villa is conveniently located close to some exciting places, such as Double Six Beach, or several beach clubs. Moreover, for culinary enthusiasts, there are several appealing restaurants and cafes in the vicinity of the villa.
So, if you’re looking for a vacation to relax your mind, come to Seminyak Sanctuary. Book your room by contacting the following: +6285792092802
Ini Vie Hospitality is a Bali-based hospitality management company that is passionate and creative about the design and hospitality industries. The company specializes in full resort, beach club, complex villa management, restaurant management, spa management, concept consultation, and architect & interior design focusing on the high rate of guest satisfaction, return on investment, branding, and property maintenance. We currently manage more than 45 brands on Bali Island, and we’re always exploring more. You may find our brands list at https://inivie.com/family.html, for restaurants you can scroll until you find the “Wonderspace” category.
Gading
+62 813 3753 0285
**@****ie.com
by Ferry Bayu | Sep 27, 2023 | Business
Asia Recruit Partners with Lembaga Zakat Selangor (LZS) to Empower Asnaf Through Job Placement
Asia Recruit (Asia Recruit Management Sdn Bhd) is honoured to announce its collaboration as an official recruitment partner of Lembaga Zakat Selangor (LZS) in our shared mission to facilitate candidate placement and foster career growth for Asnaf beneficiaries of Zakat (Islamic almsgiving).
Selangor, Malaysia – Asia Recruit (Asia Recruit Management Sdn Bhd) is honoured to
announce its collaboration as an official recruitment partner of Lembaga Zakat
Selangor (LZS) in our shared mission to facilitate candidate placement and
foster career growth for Asnaf beneficiaries of Zakat (Islamic almsgiving).
This meaningful partnership is dedicated to extending
support to individuals who are recipients of Zakat, many of whom face
considerable challenges in their daily lives, including financial constraints,
unmet essential needs, and limited to no access to employment opportunities.
Asia Recruit is committed to assisting them in securing
stable and fulfilling employment prospects, thereby enabling them to access
their basic daily necessities and enhance their overall quality of life and
well-being. Our recruitment expertise will work in harmony with the dedicated
efforts of Lembaga Zakat Selangor, contributing to the betterment of the local
communities comprising Asnaf beneficiaries.
We are deeply humbled to be part of this noble effort and
look forward to making a positive impact on the lives of those in need,
together with Lembaga Zakat Selangor. This partnership reflects our commitment
to creating a more inclusive and prosperous future for all.
Asia Recruit is one of the top recruitment companies in Malaysia providing a range of talent solutions including permanent placement, contract staffing, and executive search. Since its founding in 2003, Asia Recruit has supported countless clients and candidates across different industries including manufacturing, banking, IT, shared services, oil & gas, and many more.
Asia Recruit (headquarters)
Tel: +603-5038 3983
Email: he***@*************om.my
by Penny Angeles-Tan | Sep 26, 2023 | Book Reviews
About a month ago, we were able to interview author Ashley Breanne and feature her on our sister site, Hearthandhomebuddies.com. In our chats, one of the things she mentioned was that she wrote this story called The Rebound, a YA/Teen story and that it was on Goodnovel.
According to Ashley, The Rebound: The Wrong Cinderella’s Story was the first book she published on Goodnovel. This got me curious. The first book of hers that I read was The Alpha’s Girl and I liked that a lot! So, I checked it out on Goodnovel and discovered it is only 66 chapters. I can do that. I can spare the coin for that.
From page one I was transfixed. What a fun story! It is one of those that I wish was made into a movie. It is definitely going to be a teen flick and, yes, it is most definitely a Cinderella story with a twist.
But what I liked most about this story are two things. First, Caleb may be the golden boy of the school since he is the quarterback, but he isn’t a manwhore. As a matter of fact, Violet is only the second woman he has even been intimate or in a relationship with. Awwwwww!
Second, Violet is not a damsel in distress, nor is she popular. She also isn’t bullied or bookish, etc. If she were to fall under any stereotype it would probably be a loner with only one friend. But then again, she didn’t have any problem making friends with Caleb or his best friend so it is obvious that she isn’t a social recluse.
The banter … the banter is what got me. “Listening” to them was just precious! The teenage girl inside me was giggling a lot at their interactions.
I give this book all digits up, not just my thumbs. It is an easy read and very light-hearted. I’m sure you will enjoy it as much as I have. 🙂
by Ferry Bayu | Sep 26, 2023 | Business
Permutable AI Advocates for Government-Led ESG Standardization in South East Asia
Leading AI-driven analytics firm Permutable AI takes a prominent role in addressing the escalating importance of Environmental, Social, and Governance (ESG) considerations within the business landscape. Following S&P’s recent decision to exclude ESG indicators from credit reports, discussions on the urgency of standardized ESG ratings have surged. Permutable AI’s CEO, Wilson Chan, and Regional Director for Asia, Manuela Moollan, provide key insights into this pressing matter, emphasizing the pivotal role of ESG ratings in holding companies accountable for their environmental and social impacts. The firm highlights the need for regulatory standardization, asserting that government-led efforts are essential for creating transparent and unified ESG standards.
In a dynamic business environment where Environmental, Social, and Governance (ESG) considerations are gaining increasing prominence, Permutable AI, a leading AI-driven analytics firm, is at the forefront of the conversation.
The recent announcement by S&P regarding their decision to exclude ESG indicators from their credit reports has ignited discussions on the need for standardized ESG ratings. Permutable AI’s CEO, Wilson Chan, and Manuela Moollan, Regional Director for Asia, have shared their perspectives on this crucial matter.
Why ESG Ratings Matter
Wilson Chan, CEO and Co-Founder of Permutable AI, emphasized the significance of ESG ratings, stating, “ESG ratings play a pivotal role in holding companies accountable for their environmental and social impacts. They are guiding beacons for investors and drive businesses towards more sustainable practices.”
The Challenge of ESG Rating Diversity
Discussing the challenges surrounding ESG ratings, Chan added, “The lack of uniformity and standardization in the ESG rating landscape is a formidable challenge. This diversity of interpretations makes it exceptionally challenging to compare one company’s ESG performance with another’s.”
The Case for Regulatory Standardization
Permutable AI firmly believes in the necessity of regulatory standardization. Wilson Chan stated, “ESG ratings should not originate solely from private entities. Instead, regulators and governmental organisations should be at the forefront of establishing a unified and transparent standard. Standardization is paramount because it provides a level playing field for businesses, ensures the reliability of ratings, and facilitates more accurate comparisons.”
Reliability and Transparency of Permutable AI’s Data
A distinguishing factor of Permutable AI’s approach is the real-time and progressive nature of their data. Wilson Chan highlighted this, saying, “Unlike rating agencies, our data is real-time and shows progress over time. This real-time insight allows businesses and investors to track ESG performance and improvements continuously.”
The Role of South East Asia in Standardization
Manuela Moollan, Regional Director for Asia at Permutable AI, discussed the regional perspective, stating, “In South East Asia, regions such as Hong Kong and Singapore are actively developing principles for climate transition plans and green taxonomies to support standardization efforts. These initiatives mark a significant step towards regional alignment with international ESG standards.”
She continues, “Since the ASEAN’s sustainable finance taxonomy publication in 2021, ASEAN countries have been developing their own taxonomies to be interoperable with international standards. Taxonomies are key to reduce divergence and inconsistencies in ESG ratings. With standardization in mind, ESG data providers and ESG ratings will be at the forefront of risk evaluation in the banking sector and determining capital requirements to reflect ESG risk.”
S&P’s Decision and Permutable AI’s Unique Perspective
Commenting on S&P’s recent decision to temporarily withdraw ESG ratings, Wilson Chan remarked, “This move is prudent. It acknowledges the significant variance between different rating providers and underscores the importance of reliability in ESG ratings. Reintroducing ESG ratings once standardized and reliable frameworks are in place would be a sensible course of action.”
Permutable AI is a leading AI-driven analytics firm that specializes in providing real-time, reliable ESG data and insights to businesses and investors. With a mission to promote sustainability and responsible business practices, Permutable AI empowers stakeholders with the information needed to make informed decisions in an ever-evolving global landscape.
In a significant move to expand its presence and enhance its commitment to the Asian market, Permutable AI recently appointed Manuela Moollan as the Regional Head of Asia. This strategic appointment signifies Permutable AI’s dedication to serving the unique ESG needs of the Asian business landscape.
Talya Stone, ta***@********le.ai
by Ferry Bayu | Sep 26, 2023 | Business
Mustafa Jewellery Opening in Melaka Makes Malaysia’s Largest Jewellery Showroom
Mustafa Jewellery, renowned worldwide for its impeccable craftsmanship in jewellery, is thrilled to unveil its opulent flagship showroom in Melaka’s Dataran Pahlawan Megamall.
MALACCA, MALAYSIA – September 9th, 2023 — Mustafa Jewellery, renowned worldwide for its impeccable craftsmanship in jewellery, is thrilled to unveil its opulent flagship showroom in Melaka’s Dataran Pahlawan Megamall.
Mustafa Jewellery’s expansive showroom stands as the largest in all of Malaysia. In support of this, the renowned publication ‘The Star’ highlighted the potential of the outlet to bolster the ‘Visit Melaka 2024’ campaign.
This landmark occasion signifies Mustafa Jewellery’s latest international venture, transcending borders with flourishing outlets in Tamil Nadu, India; Dhaka, Bangladesh; and Singapore’s Little India.
The inauguration of the jewellery’s prominent showroom on September 9th marks a significant turning point for Mustafa Jewellery and a resplendent chapter in Melaka’s journey to becoming a captivating, must-visit destination for jewellery lovers in Malaysia and internationally.
Melaka Chief Minister Datuk Seri Ab Rauf Yusoh, a distinguished guest at the grand opening, applauded Mustafa Jewellery’s astute choice of location, emphasising the profound impact it would have on Melaka’s economy and its pivotal role in realising the state’s ambitious objectives.
“Mustafa Jewellery will support the Melaka state government’s goal to increase revenue and make Melaka a top tourist destination in the world, aligned with The Melaka Maju Jaya 2035 Strategic Plan,” he declared.
With a substantial investment of RM250 million, the scale and ambition of this project underscore Mustafa Jewellery’s commitment to enriching the Melakan experience.
One standout feature of Mustafa Jewellery’s new flagship showroom is the opportunity for visitors to participate in our exclusive Monthly and annual Giveaway.
All eligible entries will automatically be entered into the Grand Annual Giveaway, allowing participants to win exquisite jewellery and valuable prizes.
To participate in the Monthly Giveaway, interested visitors can inquire with our friendly staff or refer to the Terms and Conditions.
This exciting opportunity adds an extra layer of delight to the Mustafa Jewellery shopping experience, making it a destination for jewels and a chance to bring home something truly extraordinary.
Mustafa Jewellery’s decision to grace Melaka with its flagship showroom is a profound testament to the region’s enchanting history, vibrant culture, and tremendous potential.
As patrons and jewellery enthusiasts eagerly await this showroom’s unparalleled shopping experience, Melaka stands to gain a distinctive allure that beckons visitors from far and wide.
About Mustafa Jewellery:
Mustafa Jewellery has earned international acclaim for its peerless designs and unwavering commitment to quality. With a global presence spanning multiple countries, the brand continues its mission to adorn individuals with the most splendid jewels.
For an exclusive look at the showroom launch and its profound impact on Melaka’s allure, please visit Mustafa Jewellery Malaysia’s Facebook page and watch the live stream recording: Mustafa Jewellery Malaysia on Facebook.
For media inquiries, please contact:
Ms Selvi Narayanan se***************@***oo.com +60 16-511 0664
Established in 1986, Mustafa Jewellery has journeyed from a modest corner within Mustafa Centre to become an iconic landmark in Little India. Today, our extensive, resplendent showroom stands as a testament to our growth and passion.
As we stand on the brink of expansion, Mustafa Jewellery remains a treasured emblem for Singapore’s local Indian community. We’re not just a jewellery store – we’re a reflection of rich cultural heritage and Indian traditions that our customers take immense pride in.
Every piece of jewellery in our collection is a testament to our meticulous approach, from selecting the finest materials to executing intricate designs with precision. Our devotion to detail, combined with an innate respect for our craft, ensures an unparalleled experience for our patrons.
We have curated a breathtaking collection that includes gold, diamonds, and gemstones. Our pieces range from classic designs radiating timeless elegance to contemporary styles that showcase our creative prowess. At Mustafa Jewellery, we believe there is a perfect piece for every individual’s taste and style.
Ms Selvi Narayanan
+60 16-511 0664
se***************@***oo.com
by Ferry Bayu | Sep 26, 2023 | Business
realme C51 officially in PH, starts at PHP4,999 SRP
realme Philippines redefines the entry-level smartphone segment once again by officially bringing the realme C51 in the local market. Launched on September 20 via an unboxing video on realme’s official Facebook page, the realme C51 stands as a testament to the brand’s commitment to innovation with the promise of “No Leap, no launch.” The realme C51 is a remarkable addition to the C-Series lineup, which focuses on what truly matters to users, with significant upgrades in four areas.
The realme C51 introduces a remarkable 50MP AI Dual Camera setup at its rear, setting a new standard in the entry-level smartphone market. Say goodbye to storage concerns, as it has two options, with up to a whopping 128GB storage capacity. Plus, experience the fastest charging technology in its class with its 33W SUPERVOOC Charging capacity, all wrapped in a stylish and glittering designed smartphone. With a starting price of just P4,999 for the 3GB+64GB variant and P6,499 for the 4GB+128GB version, the realme C51 offers a comprehensive smartphone experience at an affordable price.
Empowering You with Exceptional Features
Understanding the needs of entry-level smartphone users, the realme C51 ensures you never run out of space with its expansive storage. Thanks to Dynamic RAM Expansion Technology, you can enjoy a seamless experience, with up to 8GB total RAM that guarantees smoother performance.
The realme C51 can support 2 Nano SIM cards and 1 micro-SD card at the same time, enabling storage expansion of up to a massive 2TB.
In the camera department, the realme C51 has the one of the best 50MP primary cameras in its segment with an f/1.8 aperture alongside a 5P lens, making HD photography possible even at the entry-level. Whether you’re capturing detailed moments or taking stunning selfies with the 5MP front camera, the realme C51 provides endless possibilities for creative photography.
Charge Faster, Worry Less
Experience the era of fast charging with the realme C51’s 33W SUPERVOOC Charge, which can power the phone to 50% battery in just 28 minutes, and 100% in 70 minutes. This is a 100% increase in charging speed compared to its predecessor, the realme C31. With a massive 5000mAh battery, the realme C51 ensures a hassle-free all-day performance, enhancing your daily user experience.
Design Excellence at its Best
The realme C-Series is dedicated to setting the standard for entry-level smartphone design, and the realme C51 is no exception. Its comfortable grip and right-angle bezel provide an excellent in-hand feel. The ultra-slim 7.99mm body showcases a Stylish Glittering design, available in two captivating colors, Mint Green and Carbon Black. These textures blend and collide, resulting in a dynamic and fashionable design that truly stands out.
A Visual Feast
The realme C51 features a 6.7″ 90Hz high-level display with a peak brightness of 560 nits and a mini-drop notch for a more comfortable viewing experience. Additionally, it introduces the Mini Capsule, cleverly adapting to the display and encasing the mini-dropped front camera for notifications. The Mini Capsule not only adds functionality but also adds a touch of dynamic lighting with green, blue, and red indicating different battery statuses and additional features such as data usage and step statistics.
As an entry-level groundbreaker, the realme C51 delivers four segment-leading features surpassing expectations to elevate your smartphone experience and embody the spirit of a true “champion”.
For those who want to try out our products firsthand and get expert advice, you can visit and enjoy the realme C51 at any realme store nationwide for only P4,999 for the 3GB+64GB variant and P6,499 for the 4GB+128GB.
For those looking into purchasing online, the realme C51 4GB+128GB variant is available on realme’s E-store, Shopee Flagship Store as well as Lazada Flagship Store. Meanwhile, the realme C513GB + 64GB variant can only be scored at realme’s Official Tiktok Shop.
For more information and all the latest updates, follow realme Philippines’ official Facebook page or visit the official realme website.
by Ferry Bayu | Sep 26, 2023 | Business
In the ever-evolving world of gaming, game developers and studios should understand the intricacies of different markets around the world. The more you know about local consumer behaviors and needs, the more you increase your chance for global growth. Emerging as a leading hub within the video game industry, the Singaporean gaming market offers increasingly lucrative potential for game developers to expand their reach to a tech-savvy audience, as well as their revenue within a robust gaming ecosystem.
“Potential of Singapore gaming market” quoted by Adrian Eng, Xsolla Country Manager of Singapore.
“The Singapore gaming market is a trove of growth potential and opportunity, fueled by innovation and a robust payments landscape that is propelling the industry towards a new era. We recognize the limitless possibilities and are helping to carve a path for our partners in this expanding horizon.”
To make the most of this opportunity and level up your gaming business’ success in Singapore, Xsolla’s global gaming experts have created this guide to game launches in the Singaporean market that will help you understand vital details about the region, including its payment landscape, its most popular local payment methods, and how to leverage these to craft your strategy for entering the market.
Singapore’s Payment Landscape
There are more than 1.5 billion tech-savvy gamers in the Asia-Pacific region, and Singapore is on the trajectory of becoming the area’s gaming capital and, ultimately, the world’s. This opens up a new avenue of opportunity for developers who want to launch their games in a receptive, welcoming market. From its explosive growth to its steady transition into a cashless society, here are some key factors that highlight the evolving payment landscape in Singapore:
High Growth Potential
With the exponential increase of gamers in the region driven by advancing tech and shifting customer preferences, Singapore’s payment industry has witnessed a rapid evolution. As a tech-embracing nation, Singaporeans have readily adopted digital payment methods, with approximately 40% of the population transitioning to online payments in the last few years.
Singapore’s market is characterized by its innovative payment strategies. Efforts from the government, financial authorities, and banks have joined forces to ensure a robust and almost fully banked population, education and understanding of electronic payments, and an evolving payments infrastructure that all encourage consumers to utilize digital payment methods for their day-to-day transactions. This has resulted in a rise in contactless payments, a surge in credit card usage, and the increased use of e-wallets.
Global Leader in Digitizing Payments
Driven by the increasing adoption of e-commerce and mobile payments, as well as the surge in contactless payment methods, Singapore’s digital payments market is currently experiencing a surge in growth. This trend is only further accelerated by Singapore’s government’s and financial authorities’ initiatives to promote digital payments in an effort to create an inclusive and innovative e-payments society.
Due to the convenient and secure solutions that enable seamless digital transactions, the rise of digital wallets and mobile payment apps like PayPal, Venmo, and Cash App have significantly contributed to the surge in popularity of digital payments. Other factors, like the growth of fintech startups and the integration of blockchain technology into payment systems, have also contributed to this region’s digitized payments market.
High Bank Account Penetration
Singapore ranks amongst the countries leading the rest of the world in its residents’ openness towards digital banking alternatives. With a remarkable rate of financial inclusion, Singapore stands out for its impressive percentage of banked individuals, surpassing 98% of adult residents who possess bank accounts, according to the Monetary Authority of Singapore (MAS).
This pervasive adoption of banking services significantly influences the prominence of card-based payments. When it comes to payment methods, credit cards reign as the top payment method, preferred for their convenience and ability to provide gamers with a secure payment experience.
Gamer Spending Habits
Singapore’s gaming community exhibits a strong inclination toward investing in in-game purchases, mirroring the global gaming population that engages in video games not only for entertainment but also as a means of social interaction and stress relief. Leveraging its game-focused audience of avid spenders, Singapore presents a significant opportunity to bolster your game’s global revenue strategy.
“Singapore’s gaming community offers a thriving platform for global revenue strategy. As Xsolla’s Country Manager of Singapore, I witness the vast potential this market holds for developers and publishers seeking to tap into a game-focused audience of avid spenders. Together, we forge a partnership that leverages the gaming ecosystem’s social engagement to unlock success in the industry.”
The country’s lower Consumer Price Index also reflects its stable economic condition and reduced inflation, creating a favorable environment for consumer spending on mobile games, in-game purchases, physical and digital game copies, portable game consoles, and more. With a positive economic outlook and a highly developed internet infrastructure, Singapore’s gaming appetite is expected to remain robust for the foreseeable future.
Payment Options & Gamer Preferences
Unlocking the full potential of entering the Singaporean gaming market requires embracing and adopting local payment methods. By incorporating localized payment options, you can eliminate barriers between players and your game and offer a frictionless payment experience as they make in-game purchases.
So, what are the most common payment methods used in Singapore, and which of these should you focus your payment strategies on?
Unsurprisingly, credit cards are the most preferred payment method, with widespread adoption among Singaporeans. We attribute the universal usage of cards for gaming-related payments to Singapore’s highly banked population.
Visa cards lead the way, accounting for 34% of all card transactions in e-commerce, followed closely by Nets at 33% and Mastercard at 26%. This wide acceptance of various card brands provides game developers with a vast potential customer base.
E-Wallets
Digital wallets have gained significant traction in Singapore, gradually catching up to traditional payment methods like credit cards and cash. Market research predicts that digital wallets will overtake credit cards by 2024, capturing nearly one-third of the market share – and Singapore ranks among the top three e-wallet markets in the Asia-Pacific region.
There are currently more than ten local digital wallets in Singapore. The most commonly used are PayNow, GrabPay, DBS Paylah, FavePay, and Singtel Dash – with PayNow and GrabPay backed by local banks and super-apps, giving them an advantage over their competitors. The popularity of e-wallets can be attributed to ease of use and promotional benefits, especially since consumers can do any financial transaction via a smartphone application.
“Local payment methods Xsolla provide in Singapore,” quoted by Adrian Eng, Xsolla Country Manager of Singapore
“Embracing local payment methods is paramount for game industry success in Singapore. Xsolla leads the way by providing seamless integration of popular options like PayNow, GrabPay, DBS Paylah, FavePay, and Singtel Dash, unlocking the full potential of in-game purchases for developers and players alike.”
Fund Transfer
Singapore has well-established real-time payment systems that enable seamless inter-bank fund transfers. Platforms like eNETS, operated by NETS, a consortium of Singapore’s top three largest banks (DBS, UOB, and OCBC), facilitate secure and efficient transfers for both consumers and businesses. This capability opens up opportunities for game developers to offer diverse payment options to their customers, catering to their preferences.
Strategies for Success in Singapore
Since entering a new market requires a well-defined strategy to capture the attention and loyalty of gamers, here are some things to keep in mind to help you position your game for success in the Singaporean gaming market:
Games that resonate with local culture and language have a higher chance of success. By adapting your game to the preferences of the Singaporean audience, you can create a more immersive and engaging gaming experience.
Adopt Local Payment Methods
Singapore boasts a diverse range of preferred payment methods. By accounting for the region’s popularity for credit cards, e-wallets, and funds transfer payments, you can offer gamers convenient and seamless payment experiences.
Stay Updated on Market Trends
The gaming industry is dynamic, and staying updated with market trends is essential for success. By staying attuned to market trends, you can adapt your strategies, introduce new features, and stay ahead of the game.
With a combination of favorable economic conditions and a thriving gaming community, Singapore is a valuable market with a trove of opportunities to tap into. Xsolla’s expertise and comprehensive payment solutions enable seamless integration with the local payment landscape, empowering game developers to capture a larger audience and maximize their revenue growth.
From supporting localization and distribution to publishing and legal, including paying taxes and global compliance with privacy laws, we’re consistently working to expand our payments portfolio, empowering you to enable Singapore’s popular local payment methods and turn more global gamers into customers. And with our deep understanding of the local landscape, we can help game developers navigate this dynamic payment ecosystem seamlessly.
Whether you’re a current Xsolla partner or want to accelerate your game’s global reach, start exploring Xsolla’s range of payment solutions by visiting our website, xsolla.com. Or, contact an expert from our team and set up a time to discuss how we can help you turn Singapore into a cornerstone of your global growth strategy.
About Xsolla Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the video game industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms.
As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide.
Headquartered and incorporated in Los Angeles, California, with offices in Berlin, Seoul, Beijing, Kuala Lumpur, Tokyo, and cities around the world, Xsolla supports major gaming titles like Valve, Twitch, Roblox, Ubisoft, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.
For additional information and to learn more, please visit xsolla.com.
Derrick Stembridge
Global Director of Public Relations, Xsolla
d.**********@****la.com
by Ferry Bayu | Sep 26, 2023 | Business
VRITIMES Announces Strategic Partnership with ThailandBusinessNews.net to Distribute English-Language Press Releases in Southeast Asia
VRITIMES, a leading press release media distribution platform, is thrilled to announce its strategic partnership with ThailandBusinessNews.net, a prominent news portal in the region. This collaboration aims to enhance the distribution of English-language press releases across Southeast Asia.
Under the terms of the partnership, VRITIMES will supply ThailandBusinessNews.net with press releases in English, catering to the growing demand for international news and updates in the Southeast Asian market. This alliance is expected to amplify the reach of businesses, organizations, and individuals looking to communicate their news to a broader audience in the region.
“We are excited about this collaboration with ThailandBusinessNews.net,” said Ferry Bayu, Co-Founder / CEO of VRITIMES. “Our mission has always been to provide comprehensive media distribution services, and this partnership will further our reach in the Southeast Asian market. We believe that by working together, we can offer unparalleled exposure to our clients and contribute to the growing information exchange in the region.”
Both VRITIMES and ThailandBusinessNews.net are dedicated to ensuring that this partnership benefits their clients and readers by offering timely and relevant news updates. The collaboration is set to commence immediately,
VRITIMES (https://www.vritimes.com/sg/service) is a media technology startup company, established in Tokyo in August 2022. We specialize in press releases, functioning both as a media platform and a distributor to our media partners. Users can create and distribute press releases through VRITIMES, then use our analytics feature to review their results – all within one solution. By making it easy and affordable to distribute press releases, we aim to facilitate a more valuable flow of information in the world, serving as the infrastructure that ensures this information reaches the media and consumers.
Media Relations
Email: ma*******@******es.com
Singapore’s gaming community exhibits a strong inclination toward investing in in-game purchases, mirroring the global gaming population that engages in video games not only for entertainment but also as a means of social interaction and stress relief. Leveraging its game-focused audience of avid spenders, Singapore presents a significant opportunity to bolster your game’s global revenue strategy.
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