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ASEAN Business
Thai police raid illegal bitcoin mining operation
BitcoinCryptocurrencies
(FILES) This illustration photograph taken on July 19, 2021 in Istanbul shows a physical banknote and coin imitations of the Bitcoin crypto currency. Continuing its crazy run, bitcoin reached a new record on March 11, 2024 at more than $71,000, demand for this cryptocurrency having jumped thanks to the prospects of lower interest rates in the United States in the coming months. The price of bitcoin rose to $71,829 in the morning in London. The digital currency had already hit several records last week, crushing that of November 2021 at $68,991. (Photo by Ozan KOSE / AFP)
ASEAN Business
Thailand’s April inflation rises slightly, first time in 7 months
InflationThailand
(FILES) People take escalators and walk inside Terminal 21 shopping mall in Bangkok on January 21, 2024. (Photo by Amaury PAUL / AFP)
ASEAN Business
Myanmar junta bans men from applying to work abroad: statement
Myanmar
FILE Ñ Soldiers from 8th Battalion of the Karenni Nationalities Defense Force, an armed insurgent group, during their graduation ceremony, in Karenni State, in Myanmar, Feb. 1, 2024. Three years after a military coup in Myanmar, the Southeast Asian nation is teetering on the brink of failed statehood. (Adam Ferguson/The New York Times)
ASEAN Business
Microsoft CEO pledges RM10.5 billion in cloud, AI investment in Malaysia
MicrosoftMalaysia
Microsoft's fresh investment entails the building of AI and cloud infrastructure in Malaysia, creating an AI centre of excellence and giving AI training to as many as 200,000 Malaysians.

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ASEAN Business
OCBC’s Indonesia subsidiary completes acquisition of PT Bank Commonwealth
[JAKARTA] The Indonesian unit of OCBC has completed the acquisition of PT Bank Commonwealth (PTBC) in a deal worth 2.2 trillion rupiah...
Generic pictures of OCBC new signage / logo
ASEAN Business
Thailand to increase daily minimum wage to 400 baht in Oct
THAILAND’S government plans to increase the daily minimum wage to 400 baht (S$18.4) from October, a spokesperson said on Thursday (May 2),...
Construction workers are seen in a building in Bangkok, Thailand March 8, 2017. Picture taken March 8, 2017. REUTERS/Jorge Silva/ File photo
ASEAN Business
ASEAN BUSINESS
Indonesia inflation eases slightly to 3 per cent in April
Subscribers
[JAKARTA] Indonesia’s headline inflation moderated to 3 per cent year on year in April – from 3.05 per cent in March –...
epa11295181 A produce seller waits for customers at a traditional market in Depok, Indonesia, 23 April 2024. Based on data from the National Food Agency's food price panel, some food prices were observed to have increased. The Indonesian government is trying to focus on reducing food prices, especially reinforced commodities such as rice, various chilies, and shallots, as well as other commodities that suit the characteristics and conditions in each region. EPA-EFE/ADI WEDA
ASEAN Business
Indonesia’s Vidio is aiming to double subscribers ahead of IPO
VIDIO, Indonesia’s answer to Netflix, is aiming to double its paid subscribers to eight million in the next two to three years...
Sutanto Hartono Source: Vidio
ASEAN Business
Demographic dilemma: South-east Asia’s race to combat slowing birth rates
Subscribers
THE spotlight is shining on South-east Asia’s declining birth rates as concerns mount over their socio-economic impact.
Generic photo of a family of four strolling at Toa Payoh mall on a Nov 4, 2023. Can use for stories on family, kids, children, parenting, standard of living, ceiling income, inflation, birth rate, population, groceries bill, household income,
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ASEAN
ASEAN Business
OCBC’s Indonesia subsidiary completes acquisition of PT Bank Commonwealth
[JAKARTA] The Indonesian unit of OCBC has completed the acquisition of PT Bank Commonwealth (PTBC) in a deal worth 2.2 trillion rupiah...
Generic pictures of OCBC new signage / logo
ASEAN Business
Microsoft to invest US$1.7 billion in cloud, AI in Indonesia: CEO
Subscribers
[JAKARTA] Tech giant Microsoft will invest US$1.7 billion over the next four years to enhance its hyperscale cloud computing and artificial intelligence...
Executive Chairman and CEO of Microsoft Corporation Satya Nadella leaves after attending a meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 30, 2024. REUTERS/Willy Kurniawan
ASEAN Business
Singapore, Indonesia to deepen cooperation on green economy
[BOGOR] Exploring opportunities in the green economy – including investing in the sustainable development of Indonesia’s new capital Nusantara – were among...
ST20240428-202498208747-Lim Yaohui-pixsilr29/ Prime Minister Lee Hsien Loong speaking during the media wrap-up interview at Hotel Salak The Heritage in Bogor, Indonesia on Apr 29, 2024. Singapore Prime Minister Lee Hsien Loong will visit Bogor in West Java on April 29 to attend the Singapore-Indonesia Leaders’ Retreat hosted by outgoing Indonesian President Joko Widodo. This will be PM Lee’s seventh and final Leaders’ Retreat with Mr Widodo, the Prime Minister’s Office (PMO) said in a statement on April 26. Deputy Prime Minister and Finance Minister Lawrence Wong is set to take over from PM Lee on May 15, while Indonesian Defence Minister Prabowo Subianto, having won the country’s presidential election on Feb 14, will succeed Mr Widodo in October. (ST PHOTO: LIM YAOHUI)
ASEAN Business
Indonesia to drive the growth of Asean’s green economy: PM Lee
[BOGOR, INDONESIA] Prime Minister Lee Hsien Loong said that Singapore looks forward to Indonesia driving the growth of South-east Asia’s green economy,...
ST20240428-202498208747-Lim Yaohui-pixsilr29/ Meeting with Prime Minister Lee Hsien Loong, Deputy Prime Minister and Finance Minister Lawrence Wong, President Joko Widodo and Indonesian Defence Minister Prabowo Subianto during Tete-a-tete (Veranda talk) at Istana Bogor in Indonesia on Apr 29, 2024. Singapore Prime Minister Lee Hsien Loong will visit Bogor in West Java on April 29 to attend the Singapore-Indonesia Leaders’ Retreat hosted by outgoing Indonesian President Joko Widodo. This will be PM Lee’s seventh and final Leaders’ Retreat with Mr Widodo, the Prime Minister’s Office (PMO) said in a statement on April 26. Deputy Prime Minister and Finance Minister Lawrence Wong is set to take over from PM Lee on May 15, while Indonesian Defence Minister Prabowo Subianto, having won the country’s presidential election on Feb 14, will succeed Mr Widodo in October. (ST PHOTO: LIM YAOHUI)
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