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WORLD

Ex-Malaysia minister gets caning for graft

Bloomberg News, Published on 09/11/2023

» KUALA LUMPUR - Malaysia’s former youth and sports minister Syed Saddiq Abdul Rahman was sentenced to seven years in jail and two strokes of the cane after he was found guilty of charges including misappropriating funds.

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GENERAL

Thai banks, KB vying for $700m Home Credit Vietnam

Bloomberg News, Published on 07/11/2023

» Thailand’s biggest banks Kasikornbank Pcl and SCB X Pcl are among the final bidders for consumer lender Home Credit’s business in Vietnam, according to people familiar with the matter.

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WORLD

Civilians trapped in Gaza are running out of food, fuel, hope

Bloomberg News, Published on 07/11/2023

» GAZA - In the days after Oct 7, bombs started falling from the sky. Leaflets fell too, urging the 1.1 million residents of northern Gaza to head south for their safety. So Reda Sahoiun left her home.

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PROPERTY

Singapore’s $110,000-a-month mansion market slows down

Bloomberg News, Published on 31/10/2023

» Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.

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GENERAL

US imposes sanctions on lucrative Myanmar state oil firm

Bloomberg News, Published on 01/11/2023

» YANGON - The United States announced sanctions against the Myanmar junta’s most lucrative state-owned enterprise, one of Washington’s most significant moves yet to curtail the military regime’s access to easy cashflow to buy weapons.

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GENERAL

Asia factories cope with high costs amid war

Bloomberg News, Published on 01/11/2023

» JAKARTA - Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure.

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GENERAL

Central banks buying more gold than previously thought

Bloomberg News, Published on 31/10/2023

» NEW YORK - Central banks have loaded up on more gold than previously thought this year, offering crucial support to prices that have faced pressure from global monetary tightening.

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INVESTMENT

Thailand bets on EVs to draw trillion baht in foreign investment

Bloomberg News, Published on 26/10/2023

» Thailand, renowned as the ‘Detroit of Asia’ for its production of internal combustion engine cars, wants to break into the top tier of electric vehicle (EV) makers as part of a goal to lure 1 trillion baht (US$28 billion) of investments in four years.

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WORLD

Li Keqiang, China’s second-most powerful man for a decade, dies

Bloomberg News, Published on 27/10/2023

» BEIJING - China's former Premier Li Keqiang has died of a heart attack just months after stepping down as the nation's No. 2 official. He was 68.

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GENERAL

Beer demand suffering as price hikes take toll - brewer

Bloomberg News, Published on 25/10/2023

» AMSTERDAM - Heineken NV said it is on track to hit its profit target this year, even as higher prices and economic uncertainty led drinkers in many parts of the world to pull back on premium beverage purchases.