Banking & Finance
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Grab cuts 5% of staff across Southeast Asia
Singapore-founded and headquartered ride-hailing, delivery and e-commerce company Grab is embarking on a cost-savings programme and...
New digital bank to launch in the Philippines
Singapore-based Tonik Financial, the first digital-only bank in Southeast Asia founded in 2018, will launch operations in...
Chinese loans for infrastructure cause debt ballooning in Myanmar, Laos
The China-Laos high-speed railway costs $6 billion
Chinese infrastructure projects for its Belt and Road Initiative financed by...
Facebook, PayPal invest in Indonesia’s e-commerce group Gojek
US social media giant Facebook and online payment pioneer PayPal both have participated in a fundraising round...
Confusion in Cambodia about planned phaseout of small dollar notes
A surprise announcement by Cambodia’s central bank on May 29 that it plans to phase out the...
Acleda Bank becomes sixth listed firm on Cambodia’s bourse
The Cambodia Securities Exchange in Phnom Penh
The Cambodia Securities Exchange (CSX) saw its sixth listing on May...
Vietnam confident about strong economic rebound after virus crisis
Vietnam’s government is full of expectation about a strong recovery after the country managed the coronavirus crisis...
Alibaba’s Ant Financial invests into Myanmar startup Wave Money
The digital payment service division of China’s e-commerce giant Alibaba, Ant Financial, will be investing $73.5 million...
Malaysia settles 1MDB case against Wolf of Wall Street producer
Malaysian prosecutors on May 14 said they have settled a case against Riza Aziz, stepson of the...
Promising fintechs in Cambodia, Myanmar enter stage
Looking at the arena of financial technology startups in Southeast Asia gives a much-needed relief from the...
Singapore oil giant files for bankruptcy amid spiraling losses
One of Asia's largest independent oil traders, Singapore-based
Hin Leong Trading, filed for bankruptcy protection at a court...
After the virus: Prepare for a Rip Van Winkle economy!
By Max Herriman
Just over a week ago, the Australian Prime Minister, Scott
Morrison, said that he wants small...
Chatbots coming: Virus crisis accelerates call center automation in the Philippines
The current coronavirus crisis is a double edged sword for
the call center and business process outsourcing (BPO)...
Singapore lockdown to cost $7 billion in lost output
Singapore’s partial lockdown to contain the spread of the
coronavirus could cost the economy about ten billion Singapore...
Virus crisis erases $28 billion in wealth of Thailand’s richest
Thailand’s 50’s richest see their wealth shrinking fundamentally as a result of panic selling at the stock...
Near-total lockdown in Singapore announced
Singapore's Prime Minister Lee Hsien Loong on April 3 on national television announced a near-total lockdown of...
Singapore to boost virus-hit economy with $33-billion emergency package
Photo by NST/Athni
The Singapore government has earmarked another 48 billion
Singapore dollars ($33.2billion) to support its businesses and...
Philippines suspends all visas, stock market collapses on virus fears
The Philippines will temporarily stop issuing visas to all foreigners and cancel existing ones amid the global...
Latest
Vietnam’s economic outlook among best in Asia
Ho Chi Minh City skyline at dusk
In stark contrast to Thailand, Vietnam has been named to be...
Stories of the week
“There is no restart button for exiting the crisis”: Malaysia’s Ex-Finance Minister Daim Zainuddin
Interview conducted by Firoz Abdul Hamid and Jeremiah Capacillo
Read part one and part two of this interview.