Indonesia speeds up purchasing rice from local farmers
Indonesia’s State Logistics Agency (Bulog) has purchased 120,000 tonnes of unhusked rice (GKP) from farmers through domestic rice procurement, the agency announced.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai banks eye expansion in Southeast Asia
Thailand's large banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, given the growth potential of ASEAN economies, according to Fitch Ratings.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lawrence Wong to take over as Singapore’s new PM on May 15
Deputy Prime Minister Lawrence Wong is set to take the helm as Singapore’s new Prime Minister on May 15.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia sets up clean energy exchange
The Malaysian government has agreed to establish the Energy Exchange Malaysia (Enegem) to facilitate cross-border sales of green electricity to neighboring countries.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia pursues holistic strategy to lure Chinese tourists
Malaysia is adopting a holistic approach to boost Chinese tourist arrivals, moving beyond traditional promotional methods to create an ecosystem that enhances visitors' experience.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand looks towards cashless society
Financial transactions via PromptPay - Thailand’s national electronic payment platform – reached a new high last year while cash transactions posted a notable decline.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand accelerates implementation of national AI strategy
Thailand is accelerating the implementation of its artificial (AI) strategy for 2022-2027 with a view to establishing itself as an AI hub in Southeast Asia by 2027.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia's largest port to double capacity
Malaysia's largest port plans to double its capacity over the coming decades, aiming to chase neighbouring hub Singapore as the shift in global supply chains adds to the competition in Southeast Asia's logistics sector.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s labour market to remain stable in 2024
Malaysia's labour market is projected to remain stable in 2024, with the average unemployment rate at 3.2%, according to Kenanga Investment Bank Bhd (Kenanga IB).
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore keeps monetary policy unchanged
The Monetary Authority of Singapore (MAS) on Friday announced that it has decided to keep its monetary policy unchanged, in line with expectations, as inflation and economic growth in the city-state moderated.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore losing attractiveness as Southeast Asia base for multinationals: media
Multinational corporations are increasingly locating some Southeast Asian regional headquarters functions outside Singapore to save money and pursue expanded opportunities.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia urges Meta, TikTok to curb harmful content
Malaysia on Tuesday required tech giants Meta and TikTok to come up with plans to counter harmful content online.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysian airlines to charge carbon levy soon
Malaysia is gearing up for greener skies once the carbon levy collection by the airlines comes into effect as soon as the Malaysian Aviation Commission (MAVCOM) makes the necessary review, according to Assoc Prof Major Dr Mohd Harridon Mohamed Suffian, an aviation and aerospace expert.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand: Rice prices predicted to rise in Q2
Thai rice exporters expect global prices will increase in the second quarter because of the impact of the El Niño phenomenon and India's rice export restrictions, reported the Bangkok Post.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Laos warns of air pollution at alarming level
Fine dust concentration in many provinces and cities of Laos is reported on Tuesday to be harmful to human health.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy - leading solution to climate change mitigation in ASEAN
Investing in renewable energy sources is as a palliative measure for ASEAN to mitigate climate change, according to vice president of Infrastructure Solutions at Malaysian-based Vertiv Chee Hoe Ling.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore restricts sale of suspected contaminated seafood from Malaysia
The Singapore Food Agency (SFA) has restricted the supply and sale of mussels from Port Dickson, Malaysia after being notified by the Malaysia Department of Fisheries (DOF) about the risk of biotoxin contamination.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's currency becomes one of Asia’s worst performers
Thailand's currency THB may extend its recent declines to test support at last year’s low amid growing pressure on the central bank to cut interest rates, according to Bloomberg.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore prevents use of SIM cards for scams
Singapore has passed a bill regulating criminal acts and tougher penalties for those who use SIM cards for scams.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Indonesia strives to control domestic rice prices
Head of the National Food Agency of Indonesia (Bapanas) Arief Prasetyo Adi said on Thursday that the rice assistance programme for citizens is progressing positively, contributing to price control.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
US company steps up AI investment in Southeast Asia
The U.S. chip manufacturer Nvidia is planning to build a $200 million artificial intelligence (AI) centre in Indonesia as part of its push into Southeast Asia.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Philippines remains world’s most disaster-prone country
The World Risk Index (WRI) 2023 put the Philippines at the number one for the most-disaster-prone country in the world, followed by Indonesia and India.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Laos, Thailand launch cross-border QR payment
Laos and Thailand launched cross-border QR payment linkage on Wednesday, aiming to promote innovation and access to financial services for the benefit of their people.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia passes Cyber Security Bill 2024
The Dewan Negara (upper house) of Malaysia passed the Cyber Security Bill 2024 on Wednesday to enhance the nation’s cyber security through compliance with specific measures, standards, and processes in managing cyber security threats.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore forecast to suffer over $1.5 billion losses due to heat stress in 2035
Singapore’s economic losses due to heat stress could nearly double to $1.64 billion in 2035 from pre-pandemic 2018 due to a decline in labour productivity, a recent study by the National University of Singapore showed.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore hands down first conviction in money laundering case
A Singaporean court sentenced Cambodian national Su Wenqiang to 13 months in jail after he pleaded guilty on Tuesday of money laundering.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Philippine exports surpass $100 billion for first time
Philippine exports hit $103.6 billion in 2023, exceeding $100 billion for the first time and a 4.8% increase from 2022, the country's Department of Trade and Industry (DTI) said on Monday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore launches digital platform to fight financial crime
Singapore has launched a centralised digital platform that enables banks to voluntarily share information with one another about suspicious customers.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Indonesia opens first direct shipping route to China
The authorities of Indonesia's Batam Island officially started on Sunday the operation of direct shipment from Batuampar Port to China's Guangzhou and Shenzhen to boost bilateral trade.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Indonesia seeks measures to reduce domestic EV prices
Indonesia will be able to cut domestic prices of electric vehicles by up to 30% by manufacturing its own EV batteries, said Minister of Industry Agus Gumiwang Kartasasmita.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand pins hope on higher rice exports to Italy
Thai Deputy Prime Minister and Minister of Commerce Phumtham Wechayachai has believed that the country can export more jasmine rice to Italy, as India has restricted its exports and two other exporters have been deprived of their tax privileges by the EU.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prabowo Subianto elected new president of Indonesia
Indonesia’s General Elections Commission (KPU) on Wednesday officially declared Defense Minister Prabowo Subianto the winner of the 2024 presidential election.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southeast Asia becomes Tesla's priority for expansion
Expansion into Southeast Asia is a priority of Tesla, Rohan Patel, a senior executive of the US automotive company, said on Tuesday, highlighting the fast-growing market where the company faces competition from China's BYD.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Australia, Southeast Asia strengthen climate change, energy cooperation
The Australian Government has announced that it will strengthen its cooperation with Southeast Asia through a new AUD10 million ($6.51 million) program named Climate and Clean Energy Window, designed to bolster their joint efforts on climate change and clean energy.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand eyes to become halal center in Southeast Asia by 2028
The Thai cabinet has approved initiatives to turn Thailand into a halal hub in Southeast Asia by 2028, intending to raise the country’s GDP by 1.2% or 55 billion THB ($1.52 billion).
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
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$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
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Berjaya Vietnam CEO and his business portfolio
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Vietnam-China joint venture to build $800 mln automobile factory
- Editor’s Picks
-
CIMB Bank Vietnam posts $3.4 mln loss in 2023
-
With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
-
$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
-
Berjaya Vietnam CEO and his business portfolio
-
Vietnam-China joint venture to build $800 mln automobile factory
