Southeast Asia

Philippines Demands $1 Million Payment from China over June 17 Incident

Philippines Demands $1 Million Payment from China over June 17 Incident

The Philippines demanded a payment worth $1 million in damages from China following an altercation in the South China Sea on June 17.

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Bank Indonesia Keeps Interest Rate at 6.25% Amid Faltering Rupiah

Bank Indonesia Keeps Interest Rate at 6.25% Amid Faltering Rupiah

Bank Indonesia announced that its interest rate was maintained at 6.25% for a second month in a row since April despite the weakening of the rupiah.

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The Second Belt And Road Forum For International Cooperation - Day One

China Plans to Connect Southeast Asian Railroads Following New Pact With Malaysia

Chinese Premier Li Qiang's visit to Malaysia includes plans to integrate the East Coast Rail Link with regional projects, boosting China's Belt and Road initiative in Southeast Asia.

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Riyadh Air to Announce Partnership Deal with Major ASEAN Airline This Week

Riyadh Air to Announce Partnership Deal with Major ASEAN Airline This Week

Several people anonymously told Bloomberg that Riyadh Air would be announcing an agreement with a major Southeast Asian carrier in the coming days.

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Vietnam's Chief Security Officer To Lam Named as Country's New President

Vietnam's Chief Security Officer To Lam Named as Country's New President

Vietnamese public security minister To Lam has been appointed as the country’s new president after the resignation of Vo Van Thuong as part of the Communist Party’s anti-corruption policy.

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Lawrence Wong to be Sworn in as Singapore’s 4th PM on May 15

Lawrence Wong to be Sworn in as Singapore’s 4th PM on May 15

Singaporean Deputy Prime Minister Lawrence Wong is set to be sworn in as the city-state’s prime minister and retain his finance portfolio after Lee Hsien Loong’s 20-year leadership of the ASEAN nation.

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MICROSOFT

Microsoft Increasing Presence in Southeast Asia With Substantial AI Investments in Thailand and Malaysia

Microsoft CEO Satya Nadella made big investments in Thailand and Malaysia and other initiatives to expand its Southeast Asian footprint and advance AI technologies.

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China Emerges as Top Choice for Southeast Asian Countries Seeking Ally, Surpassing US

China has surpassed the United States as the most preferred ally of Southeast Asia, according to the study.

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Elon Musk's Tesla Eyes Southeast Asia Expansion as China's BYD Pulls Ahead

Tesla is eyeing to expand in Southeast Asia to tap into the region's fast-growing electric vehicle (EV) market, where the US automaker faces competition from China's BYD.

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Quadria Capital To Use $300 Million Fund To Close Deals In Asia

Quadria Capital, a healthcare focused private equity firm, is in the process of closing out deals in four companies in Southeast Asia. Its investments are mostly on pharmaceutical and healthcare corporations.

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Big Bike Exhibition Portrays As Good Lifestyle Enhancer

An exhibition of big bikes will be hosted by the Jakarta International Expo in Kemayoran, Central Jakarta on February 22-26, 2017.

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Hang Lung’s chief confident about Hong Kong property market being ‘healthiest’ in 25 years

In the face of declining home prices, as evident from the last quarter, the chairman of Hang Lung Group, Hong Kong's leading developer, expressed that the city property market is now more robust than it has ever been in the last 25 years.

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Southeast Asian children 20% more digitally active than U.S children

Survey said that Southeast Asian children are 20% more active when it comes to mobile devices than U.S children, making them the most digitally engaged in the planet.

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Twitter aims to create more content partnerships in Asia Pacific and the Middle East

Twitter now wants to forge more content partnerships in the regions of the Asia Pacific and the Middle East. As part of the company's efforts to manage such a feat, the social media giant has tapped their own Singapore-based executive Rishi Jaitly to lead teams to be spread out all across the different sections of the regions, according to Reuters.

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Student Loan Hero CEO recounts struggle after defaulting on student loan

Education promises a brighter future. But for most of the students in the country, it means a $35,051-worth of student loans after graduation. In America, there are 40 million borrowers that collectively own more than $1.2 trillion. Out of all the borrowers in the country, some 8 million default on their debt.

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