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<h2>Thai Prime Minister Srettha Thavisin has claimed that Taylor Swift&#8217;s decision to make <a href="https://says.com/my/entertainment/malaysians-react-taylor-swift-performing-singapore-none-malaysia" target="_blank" rel="noopener">Singapore the sole stop</a> in the Southeast Asian region for her ongoing _The Eras Tour_ was due to an exclusive deal</h2>
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<p>According to <a target="_blank" rel="nofollow noopener" href="https://www.bangkokpost.com/life/arts-and-entertainment/2743369">Bangkok Post</a>, Srettha said the global concert promoter, Anschutz Entertainment Group (AEG), informed him that the Singaporean government had allegedly signed an exclusive deal with Swift.</p>
<p>AEG allegedly informed him that the Singaporean government financially supported Swift&#8217;s concerts, <b>offering between USD2 million (RM9.5 million) and USD3 million (RM14.3 million) per show in exchange for exclusivity in Southeast Asia</b>.</p>
<p>&#8220;If I had known this, I would have brought the shows to Thailand,&#8221; said Srettha last Friday, 16 February.</p>
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                    <a href="https://images.says.com/uploads/story_source/source_image/1220108/48eb.png" target="" class="imgwrap colorbox-image cboxElement" title="Thai Prime Minister Srettha Thavisin." rel="segment-810 noopener"><br />
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<p class="img-caption">Thai Prime Minister Srettha Thavisin.</p>
<p>                <small class="img-credit">Image via <a target="_blank" href="https://www.bangkokpost.com/life/arts-and-entertainment/2743369" rel="noopener">Government House via Bangkok Post</a></small>
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<h2>The prime minister explained that an exclusive deal with Swift was worth the cost, considering it would draw foreign concertgoers to visit Thailand and boost local economy</h2>
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<p>Srettha said he had spoken with AEG executives and assured them of his administration&#8217;s readiness to offer tax incentives and other attractive measures to attract mega concerts and world-class festivals to Thailand.</p>
<p>The <a target="_blank" rel="nofollow noopener" href="https://www.nst.com.my/lifestyle/groove/2024/02/1015018/showbiz-thailand-follow-singapore-subsidising-taylor-swift-concerts">New Straits Times</a>, citing a local report, noted that the Thai government plans to subsidise concerts, such as Swift&#8217;s, with <b>THB500 million (RM66.5 million)</b> to attract more fans to Thailand.</p>
<p>&#8220;This will boost sponsorship and tourism in Thailand. And it is not only Taylor Swift but also other international recording artistes with a strong following.</p>
<p>&#8220;If we want the likes of <b>Swift, Beyonce, and Coldplay</b> to perform in Thailand, we have to provide great incentives for their concerts to happen,&#8221; said Srettha.</p>
<p>Other than Thailand, Indonesia will also turn to &#8216;Swiftonomics&#8217; to boost tourism spending, reported <a target="_blank" rel="nofollow noopener" href="https://www.freemalaysiatoday.com/category/business/2024/02/19/indonesia-will-turn-to-swiftonomics-to-boost-tourism-spending/">FMT</a>.</p>
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<p class="img-caption">Swift performing at Gillette Stadium in Massachusetts, US.</p>
<p>                <small class="img-credit">Image via <a target="_blank" href="https://www.thecrimson.com/article/2023/10/17/Taylor-Swift-film-Eras-Tour-concert-Cruel-Summer/" rel="noopener">The Harvard Crimson</a></small>
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<h2>Swift is set to perform for six nights at the 55,000-seat <a href="https://says.com/my/entertainment/marina-bay-sands-now-selling-taylor-swift-concert-ticket-bundles-worth-the-price-of-a-car" target="_blank" rel="noopener">National Stadium in Singapore</a> from 2 March to 9 March</h2>
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<p><a target="_blank" rel="nofollow noopener" href="https://www.forbes.com/sites/monicamercuri/2023/10/30/taylor-swift-didnt-need-lucrative-side-hustles-to-become-a-billionaire/?sh=321a8b9f7d1b">Forbes</a>&nbsp;estimated that the Pennsylvania-born songstress has a net worth of USD1.1 billion (RM5.2 billion), while <a target="_blank" rel="nofollow noopener" href="https://time.com/6307420/taylor-swift-eras-tour-money-economy/">Time</a>&nbsp;described Swift&#8217;s concerts as having the potential to bring staggering positive economic impact on the locales.</p>
<p>Last Friday, <a target="_blank" rel="nofollow noopener" href="https://www.bloomberg.com/news/articles/2024-02-15/taylor-swift-eras-tour-to-boost-australia-economy?embedded-checkout=true">Bloomberg</a>&nbsp;reported that Swift is expected to generate AUD1.2 billion (RM3.7 billion) in economic value for Melbourne alone.</p>
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<h2>Meanwhile, did you know that you can&#8217;t use Taylor Swift&#8217;s songs on TikTok anymore?</h2>
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<p>In a statement late Tuesday, 30 January, TikTok said Universal Music put &#8220;greed above the interests of their artistes and songwriters&#8221;.</p>
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<h2>Here are more <a href="https://says.com/my/stories/tagged/concert" target="_blank" rel="noopener">#concert</a> stories on SAYS:</h2>
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<p>But we still did better than Bangkok, Manila, and Jakarta!</p>
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<p>Dear Malaysia, count me in.</p>
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<p>Datuk Seri Wan Salim Wan Mohd Noor said that he wasn&#8217;t questioning the intentions of the concert organisers and was only concerned with the concert date, which would be a couple of days before Ramadan.</p>
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Thai PM Claims Taylor Swift Is Skipping Other ASEAN Nations Due To Exclusive Deal With SG

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<h2>Last year, Delivery Hero announced plans to sell part of its Southeast Asian food delivery business</h2>
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<p><p>The company planned to sell its foodpanda business in Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar, and Laos due to declining growth following the lifting of COVID-19 lockdowns.</p>
<p>However, it seems those plans are being put on hold, with the German company retaining ownership of the foodpanda brand, at least for now.</p>
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<h2>Delivery Hero chief executive officer Niklas Ostberg recently said he is happy to keep foodpanda in Southeast Asia under Delivery Hero&#8217;s umbrella</h2>
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<p>&#8220;I&#8217;m more than happy to hold onto it forever. The business has turned breakeven now, [and] that&#8217;s good [that] it&#8217;s not a drag on our profitability anymore, that&#8217;s nice,&#8221; Ostberg told CNBC in an interview on Wednesday, 14 February.</p>
<p>A report by&nbsp;<a target="_blank" rel="nofollow noopener" href="https://www.cnbc.com/2024/02/14/delivery-hero-happy-to-keep-asia-unit-foodpanda-forever-ceo-says.html">CNBC</a>&nbsp;suggests that this means he&#8217;s confident in remaining committed to the business and doesn&#8217;t feel an urgent need to sell it.</p>
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<h2>This update from Ostberg comes after Delivery Hero refuted rumours about failed sales negotiations earlier this month</h2>
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<p><p>According to the rumours, negotiation talks for the potential sale of the business had fallen through, as reported by the <a href="https://www.nst.com.my/business/corporate/2024/02/1008772/grabs-bid-foodpandas-southeast-asia-business-collapses-bttv">New Straits Times</a>.</p>
<p>After the rumours caused a sharp drop in stocks, a company representative released a statement clarifying that selling foodpanda was an option that was still on the table. The statement did not name any buyers, but said that talks were still ongoing.</p>
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<h2>Despite the recent update, Delivery Hero may still consider selling foodpanda in the future</h2>
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<p><p>Ostberg clarified that the company is still open to potential buyers and would consider offers that exceed foodpanda&#8217;s long-term value.</p>
<p>&#8220;[foodpanda] will be one of our faster-growing regions. There&#8217;s still so much growth potential there, [and] we very much like the asset. I guess we always have to act rational towards investors if someone offers a price that is higher than what we think we can generate for it over the years.</p>
<p>&#8220;By no means are we forced to sell, we are not building a business to sell it, we are building a business because we love a good service. We believe we can generate good return for our shareholders there. We still have to act rational if someone offers a price that we feel is good value,&#8221; he said, as quoted by CNBC.</p>
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<h2>Follow SAYS Tech on <a href="https://www.facebook.com/saystech" target="_blank" rel="noopener">Facebook</a>, <a href="https://www.instagram.com/says.tech/" target="_blank" rel="noopener">Instagram</a>, &#038; <a href="https://www.tiktok.com/@saystech" target="_blank" rel="noopener">TikTok</a> for the latest in tech in Malaysia and the world!</h2>
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Is foodpanda Getting Sold Off In Malaysia & Southeast Asia? Its Parent Company Says No