Arno Maierbrugger
Business journalist
Sanctioned Russian truck maker to launch production in Myanmar
Russia’s biggest truck manufacturer Kamaz is set to start vehicle production in Myanmar as the company is increasingly losing access to other markets due...
Cambodian NGOs slam World Bank division for “microfinance abuses”
The International Finance Corporation (IFC), the World Bank’s private development lending division, is faced with a complaint by two Cambodian non-governmental organisations (NGOs) for...
Southeast Asia’s tourism numbers catching up, but Thailand’s prospects questioned
With a recent relaxing of entry rules, most of Southeast Asia is reacting to the easing Covid-19 pandemic and reopening for travel, with airlines...
Laos likely to raise minimum wage, Thailand still indecisive
The government of Laos has agreed in principle to a minimum wage increase amid rising cost of living and rampant inflation in the country,...
Vietnam takes lead as electric motorcycle development hub in Southeast Asia
Vietnam, a country which has developed a remarkable startup scene in a number of industries in recent years, is seemingly also becoming an innovative...
Malaysia grants digital banking license to five operators
Malaysia awarded digital banking licenses to five companies out of a total 29 which have applied for them, the country’s central bank said in...
Pelita Air takes off with commercial air travel services in Indonesia
Indonesia is seeing a new addition to its commercial air travel industry with the expansion of Pelita Air into scheduled routes to domestic destinations.
Pelita...
Malaysia’s minimum wage hike comes at the wrong time, businesses say
The significant raise of Malaysia’s minimum wage by May 1 predictably does not find favour among businesses in the private sector, but some economists...
US medical cannabis company partners with Thai distributor
US-based Australis Capital Inc. – doing business as Audacious – has entered a joint venture with a Thai partner for the distribution of cannabis-infused...
Asia-Pacific’s tourism seen struggling to recover until 2024
Tourism in the Asia-Pacific region will take longer to recover from the adverse effects of the Covid-19 pandemic, the newly released “Travel-ready index 2022”...
Indonesia to help national airline with $518 million cash injection
Indonesia’s parliament on April 22 approved the government’s plan to raise the capital of flagship carrier Garuda Indonesia by 7.5 trillion rupiah ($518.31 million)...
Wind power could cover one fifth of Philippines’ power demand: World Bank
The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity demand...
World’s largest palm oil producer Indonesia bans edible oil exports amid shortage
Indonesia, the world's largest producer of palm oil, on April 22 announced an export ban amid a continuing cooking oil crisis in the country....
Myanmar’s junta bows to foreign businesses after currency exchange outcry
Myanmar’s central bank has announced an exemption for foreign entities from a controversial new policy requiring all their foreign exchange held in banks or...
Malaysia’s Carsome plans dual listing in US and Singapore
Malaysian online car sales platform Carsome is reportedly seeking to go public through a dual listing on the Nasdaq in the US and the...
Laos lost $767 million to corruption since 2016 – state inspector
The Lao government has lost $767 million to corruption in the past six years, media reports referred to the country’s State Inspection Authority.
The leading...
More than half of Filipinos cannot afford Internet connections: “Internet Poor” study
The Philippines is leading in Southeast Asia for the number of so-called “Internet Poor,” which are people who cannot afford a minimum package of...
Vietnam seeks to phase out fossil-fuel vehicles, become “greener”
Vietnam will implement a plan to eliminate fossil-fuel vehicles, tighten emission control and add more green spaces to urban areas, VnExpress reported, referring to...
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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...
Stories of the week
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...