Government
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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...
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...
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...
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...
Marcos win could be big setback for Philippine economy, think tank says
Philippine think tank Action for Economic Reforms (AER) has warned that a potential presidency of Ferdinand Marcos Jr., the son of the country’s late...
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...
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,...
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...
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)...
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...
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...
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...
Vietnam plans to create national shipping line
Vietnam is planning the launch of a national container shipping operation at an investment of $1.5 billion as the country seeks to counter the...
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...