News

News

Breaking news on the region’s latest developments

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...
Jobless rate in Brunei jumped to 9.3%

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Brunei’s unemployment rate rose to 9.3 per cent in 2017 from 6.9 per cent in 2014, latest available data from the Department of Statistics...
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...
Laos to buy fighter jets, tanks from Russia

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Laos ordered an unknown number of fighter jets and up to 30 army tanks from Russia, with sources in Laos saying the purchase will...
Malaysia launches free health care scheme for low-income earners

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The Malaysian government has announced a free national health insurance scheme for the low-income population group at an initial cost of two billion ringgit...
Vietnam records highest economic growth in a decade

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Vietnam’s economy grew by 7.08 per cent in 2018, the fastest rate in the past eleven years and beating the target of 6.7 per...
Philippines to sign OFW pact with Russia

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The Philippine Department of Labor and Employment (DOLE) is set to sign a bilateral agreement with Russia on the deployment of overseas Filipino workers...
Thailand legalises medical use of marijuana, a first in Southeast Asia

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Thailand has become the first country in Southeast Asia to approve legal use of marijuana by amending the country’s drug law to allow the...
Cambodia’s economic growth to reach 7.3% this year

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Cambodia’s economy is expected to grow by 7.3 per cent this year, spurred by the robust performance of garment exports, tourism and construction, deputy...
Laos lost $30 million to corruption this year

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Corruption in Laos has become worse despite the government’s ramped-up efforts to battle the issue over the past two years, NGOs say. In addition, many...
Malaysia wants $7.5 billion back from Goldman Sachs in 1MDB case

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Malaysia is seeking $7.5 billion in reparations from US investment firm Goldman Sachs over its dealings with scandal-ridden linked state fund 1Malaysia Development Berhad,...
Thailand raises interest rates after long hiatus

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Thailand’s central bank raised its benchmark interest rate for the first time since 2011, joining peers in the region in tightening monetary policy this...
Singapore bans Goldman Sachs banker for life

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Singapore through its Monetary Authority of Singapore (MAS) has ordered a lifetime ban against former Goldman Sachs banker Tim Leissner due to his involvement...