Malaysian sovereign fund Khazanah Nasional Berhad (Khazanah) is anticipating another challenging year ahead of below trend global growth on the back of monetary policy shift to combat inflation, and persistent geopolitical tensions.
Singapore’s Sea Group founder Forrest Li has assured staff that the worst is over and that its first-ever quarterly net profit marks a turning point for the company. In a memo sent out, Li said that in the last few months, the company was forced to make difficult decisions to adapt and to put the company on a more stable footing with fewer inefficiencies.
Forward Fooding, a collaborative platform for the food and beverage industry based in Barcelona, recently published the fourth edition of the FoodTech 500 ranking. There are 26 Latin American startups are among the startups that are transforming the food industry globally, according to this list. Companies that appear in this list are Instacrops (Chile), Pink Farms (Brazil), Todos comemos (Colombia), Perfekto (Mexico), Puna Bio (Argentina), Nude (Brazil), Appjusto (Brazil), Xilinat (Mexico), Food to save (Brazil), MightyGreens (Brazil), Dyfferent (Peru), Nutri Co (Peru), Micobytes (Chile) and others.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.