Asia
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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...
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...
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...
China-Laos Railway becomes a busy passenger and freight link
The China-Laos railway, which opened in December last year, has experienced significant transportation growth since its launch both in terms of passenger and freight...
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”...
Hyundai opens first car plant in Southeast Asia, starts electric vehicle production
South Korean carmaker Hyundai Motor opened its first Southeast Asian manufacturing plant in Indonesia on March 16 that will produce Indonesia’s first locally assembled...
Japan’s SoftBank decides against investment in Indonesia’s new mega-capital
Japanese investment management giant SoftBank Group will not invest in Indonesia’s project to relocate its capital city from Jakarta to Borneo island, the company’s...
Singapore-based micromobility startup to boost expansion across Asia-Pacific
Beam, a shared micromobility operator founded and headquartered in Singapore, said in an announcement on February 25 that it will accelerate its expansion across...
Mitsubishi, Petronas, Kirin next to exit Myanmar
Malaysia’s oil giant Petronas and Japanese conglomerate Mitsubishi are divesting their stakes in Myanmar’s Yetagun gas field, the companies said on February 18, in...
Cambodian banana exports surge nearly 30% on high demand from China
Cambodia exported 423,168 tonnes of fresh bananas in 2021, a year-on-year increase of 27 per cent, The Phnom Penh Post cited data from the...
Indonesia gives green light to Ooredoo-Indosat merger valued at $6 billion
Indonesia on December 4 approved a merger of the local telecom units of Qatar’s Ooredoo and Hong Kong’s CK Hutchison supposed to be worth...
New Laos railway fills gap in world’s longest train route
The opening of the new high-speed train line in Laos has filled the last gap in what is now the longest continuous railway route...
Ford, Lego invest heavily in Thailand, Vietnam
US car company Ford Motor and Danish toymaker Lego are planning to make substantial investments in Thailand and Vietnam, respectively, in the coming years...
Japanese brewer Kirin files arbitration case to sort out its Myanmar business
Japanese beer company Kirin Holdings said on December 6 that it has filed for commercial arbitration to terminate its joint venture with its Myanmar...
Union Bank named preferred bidder for Citibank’s Philippine assets
Union Bank of the Philippines has been named as preferred bidder by Citibank for the latter’s consumer banking division in the Philippines, Bloomberg News...
India’s Adani Ports becomes next investor to call it quits in Myanmar
Adani Ports and Special Economic Zone, India’s largest integrated ports and logistics company, said on October 27 at its fiscal second quarter presentation that...
Philippines among least attractive countries in Asia-Pacific for foreign investments
The Philippines has been named one of the least attractive destinations for foreign direct investment (FDI) in Asia-Pacific in a new ranking by Oxford...
Vietnam, Indonesia have a love affair with instant noodles
The ultimate convenience food in Asia: Instant noodles
Indonesia and Vietnam are the second- and third-largest instant noodles...
Latest
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
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...