Major Thai banks gear up for New Year with billions in cash reserves
5 top banks have set aside over 154 billion baht in reserves for festive spending, while the central bank will also earmark 80 billion baht to meet higher demand for cash.
Economic Affairs
Sacking of SingPost’s group CEO could waylay efforts to restructure business, revive growth
The termination of the employment of Singapore Post’s group chief executive, Vincent Phang, could delay ongoing efforts to ensure the long-term commercial viability of the…
Hong Kong International Airport capacity ‘fully restored’ as holiday rush begins
The Hong Kong International Airport’s capacity “has been fully restored” as the holiday rush begins with daily passenger traffic expected to reach the pre-pandemic peak of…
Winter tourism, sports hit peak in China
Traditional domestic winter tourism destinations such as Harbin, in Northeast China's Heilongjiang province, and Northwest China's Xinjiang Uygur autonomous region are top choices…
Meezan Bank dismisses ‘data breach’ after reports of unauthorised transactions in Pakistan
Over the past week, many social media users reported incidents of unauthorised transactions from their bank accounts. They said large sums of money were transferred from their…
Malaysian special Parliamentary committee draws up recommendations to ease rising cost of living
The body cited monopolies and cartels to be among the main reasons behind the increased prices of goods.
Cambodia’s textile exports surpass $10 billion, driven by global recovery
“The increase in textile export revenues stems from Cambodia’s political stability, which distinguishes it from other ASEAN countries. The workforce here is efficient and…
Indonesia welcomes more Chinese EV makers, but hurdles remain in journey to become regional hub
Thailand, which has the largest EV market in ASEAN, offers more liberal policies compared with Indonesia. Foreign investors see it as an attractive manufacturing hub, as they are…
Indonesia’s Golden Visa investments reach US$559k, below annual target
The Directorate General of Immigration has set an ambitious goal for investment from golden visa recipients, and while a substantial sum has been amassed, it is less than half the…
Bhutan’s Gelephu Mindfulness City to use Four-Plus-One funding model to raise finance
To attract foreign banks and private sector investors, the GMC plans to invest initially in core infrastructure like the airport and inland port to create a foundation for future…