Arno Maierbrugger
Business journalist
Philippines’ super-rich lose $7 billion
The combined wealth of the super-wealthy in the Philippines dropped to $72 billion this year from $79 billion in mid-2021 even as the country...
Inflation in Laos reaches over 25 per cent
Inflation in Laos increased to 25.6 per cent year-on-year in July from 23.6 per cent in June, according to the latest report from the...
Vietnam spends big on education to boost economic growth
Vietnam spent an average 4.9 per cent of its gross domestic product (GDP) or 18 per cent of the state budget annually on education...
Indonesia strikes $5-billion deal with Tesla for nickel supply
US electric vehicle maker Tesla has signed contracts worth a total of about $5 billion to buy materials for its batteries from nickel processing...
Southeast Asia’s tallest tower to open next year
Southeast Asia’s tallest building and the second tallest in the world, the Merdeka 118 tower in Kuala Lumpur, Malaysia is due for completion by...
Thailand scores low in digital agility
Thailand has been ranked at the bottom of nine Asia-Pacific markets for digital agility despite its claims of aiming to become a "digital hub"...
Philippines burdened with record debt post-Duterte
The Philippines’ public debt stood at a record high of 12.79 trillion pesos ($230.3 billion) when former President Rodrigo Duterte left office at the...
Alibaba-headed consortium to build Singapore’s tallest tower
Chinese e-commerce giant Alibaba Group, leading a consortium including Singapore property developer Perennial Holdings — which counts Singapore billionaires Kuok Khoon Hong and Ron...
Indonesia starts building its new capital
Indonesia has eventually broken ground on its new capital Nusantara to be constructed in East Kalimantan on Borneo Island with plans to complete the...
Thailand seeks to attract one million Russian tourists
In its endeavour to revive the tourism industry after the Covid-19 pandemic, Thailand is now banking on Russia as strong source market after having...
Myanmar lost over one million jobs to coup, Covid
Myanmar’s workforce shrank by 1.1 million men and women from pre-Covid-19 and pre-coup times, two and a half years into the global pandemic and...
Cambodia launches ‘My Second Home’ visa programme
Cambodia has officially launched a new property investment visa programme dubbed “Cambodia – My Second Home” which is widely designed after its namesake Malaysia...
Indonesia blocks Yahoo, PayPal and others for non-compliance with licensing rules
Indonesia has blocked web portal Yahoo, payments firm PayPal and a number of gaming websites as they neglected to comply with licensing rules, Reuters...
Singapore Airlines’ first-quarter profit soars on surging travel demand
Singapore Airlines Group, which comprises of the city-state’s flagship carrier Singapore Airlines and the budget unit Scoot, announced a first-quarter net profit of S$370...
Indonesia sees more multi-billion electric vehicles industry investments
Indonesia is currently on the receiving end of very handy foreign direct investments as the attraction of the country’s car industry grows rapidly, boosted...
Submarine cable firm OMS Group considers $300-million Malaysia stock listing
Shah Alam, Malaysia-based OMS Group, a company which installs and maintains submarine cable systems mainly for telecom corporations in Asia-Pacific, is mulling a listing...
Mitsubishi Motors plans new investment in Indonesia
Japanese carmaker Mitsubishi Motors said it is intending to invest about ten trillion rupiah ($667 million) in Indonesia for the expansion of its existing...
Ericsson makes Malaysia Asia-Pacific manufacturing hub for 5G equipment
Swedish telecommunications and network infrastructure company Ericsson has selected Malaysia as manufacturing hub for the group’s state-of-the-art fifth-generation (5G) telecom equipment in the Asia-Pacific...
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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...