Arno Maierbrugger
Business journalist
Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...
Philippines awards $11-billion airport project to Samsung-led consortium
The Philippine government has awarded a consortium backed by South Korean and European companies and led by Samsung Group’s construction arm the $11-billion deal...
Vietnamese edtechs attract international investor interest
Innovative educational technology companies (edtechs) in Vietnam are increasingly on the radar of international private equity firms as education gets more digitised not only...
Southeast Asia’s largest bank enters the Metaverse
Singapore-based banking group DBS, Southeast Asia’s largest lender by assets, has teamed up with The Sandbox, a blockchain-based Metaverse gaming platform, to develop new...
Inflation in Laos reaches over 30 per cent
Faced with a debt crisis and various other economic problems, Laos saw its inflation jumping to 30.1 per cent year-on-year in August from 25.6...
China’s Chery to open car plant in Vietnam
Chinese car maker Chery Automobile plans to set up a factory in Vietnam by next year to sell locally produced models in the country...
Vietnam’s VinFast to start shipping first electric vehicles to North America, Europe
Vietnamese electric vehicle maker VinFast will ship about 5,000 vehicles to customers in the US, Canada and Europe in early November, according to a...
Malaysia could build 120-kilometer connection across Malacca Strait
A new route – either a bridge or a tunnel – spanning 120 kilometers is planned by a private consortium to link Malaysia's coast...
China’s BYD to build electric vehicle plant in Thailand
Chinese car maker BYD Auto said it would set up a facility in Thailand to start producing 150,000 passenger cars per year from 2024.
The...
WeWork opens flagship office tower in Singapore
US co-working company WeWork has unveiled its flagship office tower in Singapore as it expands in the Asian financial hub, which is among its...
Myanmar anti-coup activists see crypto as the solution to overcome military rule
Myanmar exiles ousted in a 2021 coup are pressing the US Federal Reserve to endorse their bid to use billions of dollars in funds...
Game over: Qatar’s Ooredoo to sell Myanmar unit
Qatari telecommunications company Ooredoo is about to sell its Myanmar operations to Singapore-headquartered technology firm The One Matrix Ventures, Reuters reported, referring to insiders.
Ooredoo...
Indonesia to set up crypto stock exchange
The Indonesian government is planning to establish its envisaged “crypto stock exchange” by the end of 2022, DealStreetAsia cited the country’s deputy trade minister...
Thai Airways gets nod from creditors for rehabilitation plan
Thailand’s embattled flag carrier Thai Airways International has set the course to recovery as its creditors have accepted the carrier’s revised rehabilitation plan
The airline...
Thai venture to produce jet fuel from used cooking oil
A joint venture of three Thai companies in the petroleum industry has announced plans to make aviation fuel from used cooking oil.
The project will...
Wife of Malaysia’s ex-prime minister gets ten years’ jail time
The wife of the former Malaysian prime minister Najib Razak, Rosmah Mansor, has been sentenced to ten years in prison for soliciting and receiving...
Singaporeans stick to crypto despite tougher regulations
Cryptocurrency adoption in Singapore has risen despite a hardline approach of the city-state’s financial market regulator, a new survey shows.
According to data from Australia-based...
Indonesia’s GoTo more than doubles half-year net loss; takes over crypto firm
Indonesia’s biggest e-commerce company GoTo on August 30 posted a half-year net loss of 14.17 trillion rupiah ($955 million), more than double compared with...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...