Thai lender SCB invests $100 million in Indonesia's Akulaku
Thailand's Siam Commercial Bank Pcl on Tuesday announced a $100 million investment in Indonesian fintech startup Akulaku, as part the bank's expansion overseas and into technology.
Thailand's Siam Commercial Bank Pcl on Tuesday announced a $100 million investment in Indonesian fintech startup Akulaku, as part the bank's expansion overseas and into technology.
Malaysia's AirAsia Group Bhd has lowered its projected recovery rate in Malaysia to 60% of its pre-COVID-19 capacity by year-end, it said on Monday in its third-quarter operating statistics.
Thailand's central bank plans to launch a digital payment service for businesses by April next year, and aims to expand cross-border payments with some other countries, officials said on Thursday.
Vietnam's biggest e-wallet company, MoMo, said on Tuesday said it had raised $200 million from four investors led by Mizuho Bank, pushing its valuation above $2 billion.
Indian refiners cancelled 100,000 metric tons of palm oil purchases for delivery between October and December, as New Delhi's move to raise import duties amid a rally in overseas prices prompted them to book profits, five trade officials told Reuters.
A few Southeast Asian stock markets fell on Monday as Chinese data signalled the economic fallout of the COVID-19 curbs, prompting further monetary easing, while South Korean stocks dropped more than 1% ahead of a highly anticipated mega-IPO.
If Asian markets take their cue from Wall Street, expect a burst higher. China? Not so much.
Stocks of Indian solar equipment makers plunged on Wednesday, after the United States imposed preliminary duties on imports from India, Indonesia and Laos, the latest in a decade-long series of levies on cheap Asian imports.
The potential for military conflict with Taiwan is only one reason investors are cautious on China.
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Nickel prices have been on an explosive rally as the market bets that Indonesia, the world's largest producer of the battery metal, will hit the brakes on its runaway output growth.
A Vietnamese ship monitored a Chinese Coast Guard vessel on Saturday in a Russian-operated gas field in Vietnam's South China Sea exclusive economic zone (EEZ), data show - the latest Chinese patrol in a pattern stretching more than a year.
European gas prices soared more than 30% on Tuesday after low supplies from Russia reignited concerns about an energy crunch as colder weather approaches.
Separatists in the Indonesian region of Papua where a New Zealand pilot was taken hostage in February have been siphoning off government aid money to buy black market guns for a deadly guerrilla war, officials say.
Sustainable palm oil does not exist because many growers lack transparency, fail to consult indigenous people, and are able to flout environmental rules set by ethical certification schemes, an Indonesian youth climate activist said on Tuesday.
Vietnamese electric car maker VinFast said on Thursday its third-quarter revenue more than doubled with the largest share of its sales going to an affiliate company owned by its founder.
Indonesia's parliament moved a step closer on Thursday to approving an even bigger spending allocation and a wider fiscal deficit forecast for President Prabowo Subianto than he had sought for the 2026 budget.
A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
President Joe Biden starts a week-long trip to Egypt and Asia on Thursday to grapple with some of the United States' thorniest foreign policy issues, boosted by a better-than-expected showing by Democrats in the midterm elections.
Eramet will go ahead with plans to add more capacity in Argentina for the battery mineral lithium and aims to double nickel mine output in Indonesia, in an investment push it sees withstanding a faltering global economy.
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