Korean Air’s acquisition of Asian Airlines on a bumpy road
The takeover would give birth to one of the world’s ten biggest airlines.
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IPOs highlight imminent successions at Korean chaebol
Market watchers perceive the moves as a chance to give cash-hungry siblings options to solidify legitimate control over the family-owned conglomerates.
Indonesia to reopen Bali for foreign tourists on Oct 14
Foreign nationals, however, will have to quarantine for eight-days at their own expense.
Thai rice glut expected as importers cancel orders
Many orders from the US and Europe for Thai jasmine rice have been cancelled due to high freight costs.
Indebted Chinese developer Evergrande calls for trading halt amid rumours of sale to rival
China’s second-largest developer has been trying to stay afloat amid liabilities of over 1.97 trillion yuan (S$415 billion) since last year.
Indonesian podcast app takes on Spotify with local content
Home-grown audio-streaming app Noice has big plans for 2022 with users willing to spend up to two hours on podcasts.
China begins experimenting with unmanned trucks
Officials hope the driverless trucks will help revamp the logistics and industrial sector.
Asia rises to new destination for ESG investing
The region is projected to emerge as a destination for sustainability-driven investment.
Retiring Temasek CEO Ho Ching to join Temasek Trust board, take over as chairman
From April 1, she succeeds Mr S. Dhanabalan, who will remain on the board and be designated chairman emeritus.
Evergrande shares swing wildly as bondholders await word on payments
The company looked set to miss its second bond interest payment in a week.