Private screening of Taj Mahal: An Eternal Love Story to be held in Indonesia
An international publicity campaign for Akbar Khan’s ‘Taj Mahal: An Eternal Love Story’ has been crafted for its first overseas release, introduced one country at...
Southeast Asia
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Bamboo’s promising future in Malaysia’s furniture industry
Malaysia's rich biodiversity includes several bamboo species that are native to the region, providing a local source for manufacturers. This not only supports sustainability but also reduces reliance on imported timber, which often comes with higher carbon footprints. By tapping into bamboo’s potential, local manufacturers can contribute to environmental conservation while meeting the growing consumer demand for sustainable products.
Malaysia’s inflation eases slightly in August
MIDF Research has maintained its 2024 headline CPI growth projection at 2.3%, supported by the moderate inflation rate of 1.8% recorded for the first eight months of the year. In comparison, last year's CPI increase was recorded at 2.5%.
Malaysia’s fiscal deficit target: challenges and opportunities
MARC highlights that using this differential as a metric offers a nuanced view of fiscal sustainability, differing from traditional deficit and debt ratios. Current projections indicate Malaysia is on track to meet this differential target, although boosting economic growth remains essential for long-term stability.
Temasek’s 50-year journey mirrors Singapore’s economic growth: PM Wong
Founded in 1974, Temasek was originally established to hold and manage assets transferred from the Singapore government, including stakes in key domestic companies.
Singapore faces urgent need to expand tech workforce for economic growth
Singapore’s ambition to remain a global hub for innovation and technology-driven industries has led to a growing demand for skilled professionals in fields such as artificial intelligence (AI), cybersecurity, data science, and software engineering.
Singapore’s inflation holds steady in august, easing seen on the horizon
According to the report, core inflation, which excludes the costs of accommodation and private transport, remained steady at 3.2% year-on-year in August, unchanged from July.
MAS directs Qoo10 Pte Ltd to suspend payment services in Singapore
The suspension specifically affects Qoo10’s ability to process payments within Singapore through these covered services.
Singapore inflation exceeds expectations in August
Despite the uptick in inflation, private-sector economists anticipate that the Monetary Authority of Singapore (MAS) will maintain its current monetary policy stance at the upcoming meeting in October. This outlook stems from the belief that the central bank is likely to prioritize stability amid the evolving economic landscape.
Bac Ninh province licenses projects worth $5.58 Billion
In addition to these investments, Bac Ninh signed cooperation agreements for future projects with South Korea’s Samsung Display and Japan’s Aeon Mall Vietnam, with total investments of $1.8 billion and $190 million, respectively.
Vietnamese stock market ends four-day winning streak
Large-cap stocks in the financial and manufacturing sectors led the market’s decline. Notably, the Bank for Investment and Development of Vietnam (BID) saw the steepest drop, decreasing by 0.71% and contributing nearly 0.5 points to the VN-Index's overall decline. FPT Corporation (FPT) and Southeast Asia Commercial Joint Stock Bank (SSB) also faced losses, falling by 0.96% and 3.63%, respectively.
Ringgit gains against US Dollar amid lower inflation
As of the latest trading session, the ringgit was seen strengthening, with analysts attributing the gains to improved economic indicators. Lower inflation rates are typically viewed as favorable, as they suggest stability in the economy and can lead to increased consumer spending. This shift has provided a more favorable environment for the currency, enhancing its appeal to investors.
Apollo Food cautions on outlook amid raw material price fluctuations
The basic earnings per share improved to 12.10 sen from 9.55 sen in the prior year, underscoring AFHB's positive financial trajectory. Despite these encouraging results, the company remains vigilant in light of global macroeconomic uncertainties that may impact its operations.
Cropmate secures approval for ACE market listing
According to Cropmate's draft prospectus, the initial public offering (IPO) will consist of the public issuance of 210 million new ordinary shares, alongside an offer for sale of 50 million shares. This significant move is expected to bolster the company's capital base and broaden its market reach.
AirAsia to expand domestic network in Malaysia
With this expansion, AirAsia is projected to increase its market share to 64%, reinforcing its leadership position within the Malaysian aviation sector. The airline aims to balance its market dominance with a strong commitment to maintaining high standards of customer service, ensuring that it continues to deliver exceptional experiences even as it navigates industry dynamics.
Sarawak set to formalize stake increase in Affin Bank
Currently, LTAT holds a 28.88% stake in Affin Bank, while Boustead, wholly owned by LTAT, possesses about 20%. Sarawak's acquisition will include Boustead’s entire stake and a portion of LTAT's shares, positioning Sarawak as the largest shareholder in Affin Bank. Presently, Sarawak holds a modest 4.8% stake.
Zhang Yong & Shu Ping: Singapore-based power couple behind a $6.5 Billion global food & beverage empire
From a humble hotpot restaurant in Sichuan to leading the world’s largest hotpot chain, Haidilao, Zhang Yong and Shu Ping built a multi-billion dollar empire with a focus on innovation, customer service, and global expansion. Now residing in Singapore, the couple’s journey is a remarkable success story in the food and beverage industry.