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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Indonesia’s Prabowo plans $65 billion Green Fund through carbon credits
This initiative is part of a broader strategy to combat climate change and promote sustainable development in Indonesia.
Indonesia and Vietnam agree to elevate bilateral ties
Minister Prabowo, who is on an official visit to Vietnam, highlighted that this new partnership would encompass a wide range of areas, including economic collaboration, defence cooperation, and cultural exchange.
Singapore’s 2024 GDP growth expected at upper end of 2%-3% range
Chia highlighted that recent economic indicators have shown growth trending towards the upper end of this range, and he expects the final figure for the year to fall squarely within it. His comments followed a report from private-sector economists, who recently revised their GDP growth forecast for 2024 up to 2.6%, an increase from the previous 2.4% projection made in an MAS survey in June.
Thai court issues warrants for former security personnel over deaths of 85 protesters
The court's action follows a lengthy investigation into the 2023 protests, which erupted across Thailand in response to widespread allegations of government corruption and demands for democratic reforms.
Singapore set for stock market rebound as Hong Kong’s influence declines
However, despite this capital influx, Singapore’s stock market has lagged in performance compared to its burgeoning private markets. The EIU report highlights that while private wealth and investment have reached unprecedented levels, the Singapore stock market has struggled. It has shown relatively poor performance, characterized by low trading volumes and less transparent corporate disclosure practices.
Pope Francis celebrates mass in Singapore, delivers homily to 50,000
In his homily, Pope Francis emphasized themes of unity and peace, urging attendees to foster harmony in their lives and communities. He spoke of the importance of solidarity and compassion in a rapidly changing world, encouraging individuals to reflect on their roles in building a more inclusive society. His message resonated deeply with the diverse audience, which included a wide cross-section of Singapore's Catholic population as well as visitors from neighboring regions.
Massive crackdown in Malaysia nets 80 illegal beggars, majority Pakistani nationals
The crackdown, conducted in several cities across Malaysia, has drawn considerable attention due to the high number of foreign nationals among those detained.
Pope Francis arrives in Singapore for final leg of Southeast Asia tour
During his two-night stay in the city-state, Francis will deliver a speech to political leaders, potentially addressing issues such as wealth inequality and climate change. Singapore, a global financial hub with a population of 5.92 million, is predominantly Buddhist (31%), with about 210,000 Catholics. The Vatican is expected to have approximately 55,000 attendees at a Mass celebrated by the Pope, including many from Hong Kong.
Blockbuster IPOs in Hong Kong and Kuala Lumpur signal resurgence in Asian markets
In Hong Kong, the IPO of a major technology firm exceeded expectations, raising over $2 billion and attracting significant interest from both institutional and retail investors. Similarly, Kuala Lumpur witnessed a landmark IPO of a leading green energy company, which also drew substantial investment and was heavily oversubscribed.
China and Singapore reinforce ties in high-level Beijing talks
Wang Yi outlined China's commitment to expanding economic ties with Singapore, focusing on sectors such as technology, finance, and infrastructure.
Businesses in Indonesia worry about impact of new mandatory pension program
The proposed regulation mandates that all companies, regardless of size, contribute a set percentage of employees' salaries to a government-managed pension fund.
Thailand’s King swears in new government following period of political turmoil
Prime Minister Prayuth Chan-o-cha, who has been at the center of Thailand’s politics since the military coup in 2014, has been replaced by Srettha Thavisin, leader of the Pheu Thai Party
Changi Airport’s terminal 5 construction set for 2025, PM Wong confirms
The Terminal 5 project had been put on hold in 2020 due to the COVID-19 pandemic, but with air travel demand on the rise again, the Singaporean government is pushing forward with the project.
PTDI signs aircraft deal with DRC, expanding African market presence
N219 with its short take-off and landing capabilities is well-suited for regions with limited infrastructure, including underdeveloped airstrips in remote areas.
Indonesia’s President calls for green economy investment from developed nations
Speaking at the annual Global Environmental Summit in Jakarta, Widodo underscored the urgent need for collaborative action to address climate change and promote sustainable development.
Malaysia stock exchange aims to empower retail investors by easing institutional grip
Currently, institutional investors—such as pension funds, asset management companies, and sovereign wealth funds—hold a significant portion of shares listed on Bursa Malaysia.