Showing 1 - 10 of 11
World-lagging Thai stocks see investors moving money into regional rivals
Bloomberg News, Published on 27/07/2024
» For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.
Bitcoin miners pivot to Southeast Asia after China crackdown
Bloomberg News, Published on 14/06/2024
» KUALA LUMPUR - The 17-acre cement slab in the middle of a Borneo industrial area once belonged to a logging company. Long ago that business abandoned the site to the elements, leaving just rudimentary structures and a four-story-tall concrete birdhouse made to lure swiftlets whose nests, built with saliva, fetch high prices in China.
Microsoft pledges $2.2bn in AI investment in Malaysia
Bloomberg News, Published on 02/05/2024
» KUALA LUMPUR - Microsoft Corp will invest US$2.2 billion to build digital infrastructure in Malaysia, the latest in a series of big-ticket bets on Asia’s rising prominence as a technology market.
Cash gifts, free milk raise risks to Thailand, Indonesia ratings
Bloomberg News, Published on 27/02/2024
» JAKARTA/BANGKOK - Southeast Asia’s new leaders risk blowing past budget constraints to make good on costly campaign promises of cash handouts and free lunches, increasing the risks to their prized investment-grade ratings.
Singapore builds AI model to 'represent' Southeast Asians
Bloomberg News, Published on 08/02/2024
» SINGAPORE - Like millions worldwide, Southeast Asians have been trying out large language models (LLMs) such as Meta's Llama 2 and Mistral AI - but in their native Bahasa Indonesia or Thai. The result has usually been gibberish in English.
Central bank seen resisting rate-cut pressure
Bloomberg News, Published on 07/02/2024
» The Bank of Thailand (BoT) will probably keep its benchmark rate steady at more than a decade-high on Wednesday, resisting political pressure for a cut as the monetary authority is wary of lowering borrowing costs too soon.
Economic growth slows, boosts stimulus case
Bloomberg News, Published on 21/11/2023
» Thailand’s economic growth unexpectedly slowed in the third quarter as manufacturing slumped on weak exports, supporting the case for the government to proceed with its planned US$14 billion cash handout program.
Bali seeks new kind of tourist after kicking out 136 unruly visitors this year
Bloomberg News, Published on 09/06/2023
» Indonesia’s paradise island teeming with beaches and lush rice fields wants to refocus its tourism away from guests who tend to misbehave and instead lure talented nomads, retirees and health buffs.
Blinken blasts China and Myanmar, seeks to rally US allies in Asia
Bloomberg News, Published on 14/12/2021
» Secretary of State Antony Blinken criticised China’s “aggressive actions” in Asia while laying out plans to more closely integrate US allies and security partners in Asia.
China's world tech domination begins in SE Asia
Bloomberg News, Published on 01/06/2017
» SINGAPORE -- Isaac Ho and several investors were watching a pitch from a cancer-detection start-up in Singapore when one of the Chinese billionaires present got up and -- without a word -- scrawled “Speed x Market Share” in Chinese characters on a whiteboard. It was a simple formula that meant: be first and be largest, no matter the cost. But that’s when Mr Ho understood how the Southeast Asian tech scene was about to change.