Showing 1 - 10 of 21
New Indonesia sovereign wealth fund to invest $20 billion in projects
Reuters, Published on 24/02/2025
» JAKARTA - Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said on Monday, as he launched the country's new sovereign wealth fund.
Indonesia has strode ahead in digital banking: how can Thailand do the same?
Guillaume de Gantès, Sonia Barquin & Alexey Korkmazov, Published on 19/05/2023
» Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks—as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by 90 percent of customers who have bank accounts. But digital banking offerings are limited, with either digital banking extensions of large existing banks or digital players specialising in only certain aspects of banking such as lending or payments, leaving ample room for the growth of full-fledged digital banks.
Reviving Sabah
Asia focus, Paritta Wangkiat, Published on 28/02/2022
» The economy of Sabah, a Malaysian state in the northern part of Borneo Island, has fallen into a slumber during the Covid-19 pandemic, with the lowest growth among the country's states.
Thai stocks hit 10-week high amid regional rise on vaccine hopes
Reuters, Published on 19/05/2020
» Southeast Asian stock markets gained on Tuesday, with Thailand hitting its highest level in more than two months, as investors cheered positive data from an early-stage study testing a coronavirus vaccine. Southeast Asian stock markets gained on Tuesday, with Thailand hitting its highest level in more than two months, as investors cheered positive data from an early-stage study testing a coronavirus vaccine.
Indonesia drafts $1 billion rescue package for flag carrier
Bloomberg News, Published on 11/05/2020
» Indonesia is finalising a $1 billion financial bailout plan for its flag carrier to help it stave off a debt default after the coronavirus crisis forced the airline to ground most of its planes.
Thailand leads SE Asia stocks higher
Reuters, Published on 07/01/2020
» Thai shares led Southeast Asian equities higher on Tuesday as markets drew relief from the absence of any fresh escalations in the standoff between the United States and Iran.
Thai, SE Asia stocks fall as Mideast tensions rise
Reuters, Published on 06/01/2020
» Thai stocks fell the most since Dec 16 on Monday as tensions in the Middle East continued to roil markets worldwide, with Kasikornbank Plc and Airports of Thailand losing 3.6% and 1.7%.
Thai shares slump for ninth straight day
Reuters, Published on 09/12/2019
» Most Southeast Asian markets weakened on Monday, as worries over poor economic data from China offset Wall Street cheer on strong US jobs data, while investors buckled in for a crucial week of trade negotiations.
SE Asia stocks join global selloff, SET index drops 1%
Reuters and Bangkok Post, Published on 05/08/2019
» Southeast Asian stock markets plunged on Monday, with the Stock Exchange of Thailand index shedding 1%, as an escalation of trade tensions between the United States and China sent investors worldwide scurrying for safe havens.
Manila leads Asean bourses, SET ends higher
Bangkok Post and Reuters, Published on 01/02/2019
» Philippine shares rose 1.7%, helped by foreign investor buying and as the latest round of Sino-US trade talks kept hopes of a comprehensive trade deal alive, while Thai stocks closed 0.59% higher on Friday.