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Goldman Sachs Ceo Apologises To Malaysia, Say People Were “defrauded”

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David Solomon, new CEO of Goldman Sachs Group (pictured), apologised to the Malaysian people for the role that a senior banker at the firm,...
Bangkok Smog To Cause Economic Damage Of Over $200 Million

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The current severe air pollution crisis in Thailand’s capital Bangkok is expected to cost the country up to 6.6 billion baht ($207.8 million) in...
New Vietnam Stock Exchange Set Up As Umbrella For Hanoi And Hcmc Bourses

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The Vietnam government has set up a new state-owned stock exchange company, Vietnam Stock Exchange (VSE), which will operate as an umbrella company for...
Laos expects more private investment this year

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The Communist Lao government expects domestic and foreign private investment to climb to 23,086 billion kip ($2.7 billion) in 2019 from around $2.36 billion...
Bamboo Airways finally takes to the skies

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Vietnam’s new private airline, Bamboo Airways, will commence commercial flights on January 16 after repeated delays, the company said in a statement to news...
Opium cultivation in Myanmar drops further, UN says

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The area of opium poppy cultivation in Myanmar dropped for the fourth year in a row to 37,300 hectares in 2018 in the two...
Alibaba launches second data center in Indonesia as demand surges

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China's e-commerce giant Alibaba Group, through its cloud computing arm Alibaba Cloud, on January 9 launched its second data center in Indonesia to cope...
EU lifts “yellow card” on Thai fishing industry

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The European Commission on January 8 removed Thailand from the group of "warned countries,” known as “yellow card,” for its action and progress in...
Go-Jek denied entry to the Philippines

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Indonesia’s Go-Jek suffered a setback to its expansion plans on January 9 after the transport regulator in the Philippines rejected its application to launch...
Laos to get its first smart city

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The Laos government has plans to set up a smart and eco city in its northwestern Oudomxay province within the province’s Namor district and...
Vietnam tourism arrivals surge 20%, hit new record

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Vietnam closed 2018 almost spot on its target of tourist arrivals, counting 15,497,791 international visitors which represented an increase of 19.9 per cent over...
PetroVietnam Power Corp readies for multi-billion IPO this month

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PetroVietnam Power Corporation (PV Power), the country’s second largest power producer, will list on the Ho Chi Minh City stock exchange on January 14...
Viettel has plans to expand to North Korea, Cuba

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Viettel Group, Vietnam's largest mobile network operator wholly owned and operated by the Ministry of Defense, has plans to expand to socialist sister countries...
Cambodia becomes gambling heaven, adds 52 new casino licenses in 2018

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Cambodia granted 52 licenses for new casinos in 2018; pushing the number of gambling facilities up by 53 per cent over the previous year,...
Vietnam ride-hailing service expands to Myanmar

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Vietnam’s first homegrown ride-hailing service, FastGo, has kicked off operations in Myanmar as part of its Southeast Asia expansion plans. The firm partnered with...
Internet companies hit by Vietnam’s new cybersecurity law

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A law requiring Internet companies in Vietnam to remove content the country’s authorities deem to be against the state came into effect January 1,...
Vietnam overtook Singapore in IPO volume this year

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Vietnam in 2018 topped Southeast Asia’s top grossing market for initial public offerings (IPOs) with total proceeds of $2.6 billion. Singapore, who lost its crown...
First film-making studio to open in Brunei

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Brunei’s first filmmaking college, the Mahakarya Institute of the Arts Asia, is slated to begin operations in February 2019 and is aiming to establish...