Arno Maierbrugger
Business journalist
HSBC considers $200-million IPO of local Indonesian unit
UK-based multinational banking giant HSBC is considering listing its Indonesia unit on the stock exchange in Jakarta, Bloomberg News reported with reference to unnamed...
Singapore firms charged for exporting booze, soft drinks to North Korea
Two Singaporean companies have been charged with exporting whiskey, wine and soft drinks to North Korea in a latest case of firms in the...
US electric car maker Tesla sets up company in Thailand
US electric vehicle company Tesla has registered a company in Thailand on May 25 with the primary purpose to sell its battery-powered cars in...
New Philippine leader seeks help from South Korea for revival of nuclear power plant
Philippine president-elect Ferdinand Marcos emphasised his determination to adopt nuclear power in the country, holding talks on May 23 with South Korea's envoy on...
Tesla reportedly agrees to set up electric vehicle and battery mega-plants in Indonesia
US electric carmaker Tesla has apparently agreed to invest in battery and electric vehicle manufacturing plants in Indonesia, the country’s investment minister Bahlil Lahadalia...
Vietnam, India could replace China as Apple’s manufacturing hub – in the long run
US tech giant Apple has told its suppliers that it wants to expand contract manufacturing outside of China and is looking at Vietnam and...
Malaysia expects almost $4 billion in US investments by the third quarter this year
Malaysia has attracted 16.52 billion ringgit ($3.8 billion) worth of new investments commitments through its trade mission in the US this year so far,...
Thai AirAsia X files for bankruptcy protection
Thai AirAsia X, the long-haul division of the Thai unit of Malaysian budget airline AirAsia Group, has become the third airline in Thailand to...
Taiwanese computer chip giant considers opening new plant in Singapore
Taiwan Semiconductor Manufacturing Company, or TSMC, is exploring the possibility of setting up a new production facility in Singapore to help address the persistent...
Laos starts operations at newly discovered gold mine
A newly discovered underground gold mine in Laos that has just begun operations is expected to significantly bolster mineral production in the country and...
Thai Airways reports $94 million loss in first quarter despite revenue surge
Thailand’s indebted national airline Thai Airways International suffered another net loss of 3.24 billion baht ($94 million) on revenue of 11.18 billion baht ($342...
One third of Cambodians plan to drop cash, pay digitally
As many as 32 per cent of Cambodian consumers plan to stop using cash for their errands and bill payments following the Covid-19 pandemic,...
US chocolate giant opens research center in Malaysia
US-based Hershey Company, the world’s fifth largest chocolate and candy maker, has opened a new research and development (R&D) center in Malaysia to develop...
Malaysia’s Sarawak seeks Norway’s help to set up sovereign wealth fund
The eastern Malaysian state of Sarawak has entered talks with Norway to set up and manage a sovereign wealth fund from oil and gas...
Alibaba opens first data center in Thailand
Chinese e-commerce and Internet technology giant Alibaba Group has put into operation its first data center in Thailand to tap the country’s growing cloud...
Malaysia invites US businesses, including Tesla, to invest in the country
Malaysian Prime Minister Ismail Sabri Yaakob during his four-day working visit to Washington, D.C. on May 11 has invited US businesses, particularly Fortune 500...
VinFast likely to postpone US listing again on “market uncertainty”
Vietnam’s domestic car maker VinFast once again is set to postpone its much-awaited initial public offering (IPO) in the US, likely until next year...
Philippine stocks drop after Marcos’ landslide win in presidential election
Philippine stocks dropped to a new nine-month low on May 10, the day after Ferdinand Marcos Jr., son of late dictator Ferdinand Marcos, won...
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HSBC considers $200-million IPO of local Indonesian unit
UK-based multinational banking giant HSBC is considering listing its Indonesia unit on the stock exchange in Jakarta, Bloomberg News reported with reference to unnamed...
Stories of the week
Malaysia expects almost $4 billion in US investments by the third quarter this year
Malaysia has attracted 16.52 billion ringgit ($3.8 billion) worth of new investments commitments through its trade mission in the US this year so far,...