BANGKOK: As sales of electric vehicles miss expectations in Southeast Asia’s largest business, Thailand’s major group of manufacturers, comprising big Chinese and Japanese firms, seeks to expand production deadlines set in a government scheme of incentives. Thailand’s regional hub for developing electric vehicles ( EVs ) is made up ofContinue Reading
Bangalore: Apple and Airtel are working together to provide free access to thousands of consumers in a price-sensitive business by offering the telecom company’s premium clients its music and video streaming services. The shift comes as regulators closely monitor the US$ 28 billion pleasure market in India, and a$ 8Continue Reading
BANGKOK: Thailand has approved Western Digital’s 23.5 billion baht ( US$ 693 million ) project to expand hard disk production in the country, Thailand’s Board of Investment ( BOI ) said on Monday ( Aug 26 ), as cloud technology and data centre demand grows. The investment may increase theContinue Reading
The Asian Infrastructure Investment Bank issued its first digital bond on Friday ( Aug 23 ), raising US$ 300 million, Euroclear said in a statement. The issue is the first modern release for Euroclear using its distributed ledger technology program and the first release by an Asian-based supplier on itsContinue Reading
Bangkok: Following a court’s dismissal of the prime minister, the central bank of Thailand’s central bank left its key interest rate unchanged for a fifth straight meeting on Wednesday ( Aug 21 ), as was widely anticipated. The Bank of Thailand’s ( BOT ) monetary policy committee voted 6-1 toContinue Reading
BANGKOK: Thailand’s economy is nearly in crisis due to declining exports and uncompetitive manufacturing, the country’s caretaker finance minister said on Wednesday ( Aug 21 ). Pichai Chunhavajira told a business seminar that exports account for 70 % of the economy, but the manufacturing sector ca n’t meet market demand.Continue Reading
In a recent move to expand its AI sector, Vietnam’s leading tech company FPT and its subsidiaries announced on Wednesday ( July 21 ) that the company had begun building on a US$ 74 million artificial intelligence job in south-central Binh Dinh province. The initiative, developed by a collaboration includingContinue Reading
BANGKOK: Thailand’s economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday ( Aug 19 ), and the government narrowed its full-year growth forecast range. Southeast Asia’s second-largest economy grew 2.3 per cent in the April-June quarter from a year earlier,Continue Reading
Bangalore: Malaysia’s business good grew at its fastest rate in 18 months in the second quarter of 2024, thanks to a solid rebound in exports and higher house use, according to a Reuters ballot of economists. The Aug 7-13 surveys of 20 economists predicted Southeast Asia’s third-largest business expanded 5.8Continue Reading
After the short seller accused the head of India’s market regulator of having links to offshore funds, the Indian conglomerate that was rocked by a Hindenburg Research report last year faced yet another significant share selloff on Monday ( 12 August ). By the end of the trading day, AdaniContinue Reading