Tencent Leads $1.2 Billion Investment in Indonesia’s Rival to Uber Chinese internet giant Tencent (700.HK) led a USD1.2 billion funding round into Indonesia’s answer to Uber. — Barron’s Foreign Tourist Arrivals Increased 15 Percent in […]
Up to $770-M water, sanitation projects in 2017-2019 pipeline for ADB approval Up to $770 million worth of Philippine water- and sanitation-related projects for implementation in 2017-2019 are up for Asian Development Bank (ADB) approval, […]
MMI eyes Rp 50 trillion in AUM this year Bank Mandiri’s investment management subsidiary PT Mandiri Manajemen Investasi (MMI) expects its assets under management (AUM) to reach Rp 50 trillion (US$3.75 billion) this year amid […]
Further US rate hikes could put strain on Singapore borrowers: Analyst The US Federal Reserve’s latest decision to keep key lending rate unchanged was widely anticipated, but policy makers expect to raise rates twice more […]
Over 168,000 Rohingya likely fled Myanmar since 2012 – UNHCR report Study finds thousands of Rohingya fleeing violence and desperation have sought safety and stability in countries like Bangladesh and Malaysia in the last five […]
More than 5,600 unsolved killings in 9 months, police admit More than 5,600 homicide cases remain unsolved in nine months after President Rodrigo Duterte rose to power and ordered a campaign against illegal drugs, police […]
Exclusive: Kresna-backed M Cash Integrasi eyes $93.5m valuation with year-end IPO M Cash Integrasi (MCI), a digital kiosk firm backed by Kresna Graha Investama, plans to seek a valuation of up to $93.5 million with […]
World Bank US$200m loan to develop macroeconomic stability and fiscal resilience The World Bank said that at the end of May, Myanmar reforms and the country’s poverty reduction efforts and efforts to maintain macroeconomic stability […]
Singapore’s 2017 economic growth to dip to just 1.9% Singapore is poised to end the year with a 1.9% economic growth, slightly lower than 2016’s 2% expansion. — Singapore Business Review Singapore: Clean energy firm […]
Philippines manufacturing PMI slows to 53.3 in April The Nikkei Philippines Manufacturing Purchasing Managers’ Index, or PMI, fell to 53.3 in April from 53.8 in March. — Nikkei Asian Review GDP outlook turns more sanguine […]
Economy of Indonesia: “GDP Growth in First Half 2017 below Estimates” The central bank of Indonesia (Bank Indonesia) expects the nation’s gross domestic product (GDP) growth to be below earlier estimates in both the first […]
Myanmar peace process: Chasm opens up between talk and action The United Nationalities Federal Council (UNFC), an umbrella group of 11 armed ethnic groups negotiating for peace in Myanmar, has supposedly agreed in principle on […]