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Adam Ang

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Adam is a former business reporter in the Philippines. He's currently pursuing a master's degree from the University of the Philippines.

Malaysia’s GDP contraction softens in Q1 on export recovery

Malaysia remains on course to recovery this year after easing the decline in its economic output in the first three months of 2021. The country's gross domestic product made a 0.5% contraction in the first quarter, government statistics released last week showed, extending the economic...

BioNTech to put up manufacturing site in Singapore

Biopharmaceutical New Technologies or BioNTech has chosen Singapore to expand its manufacturing roots in Southeast Asia. The Nasdaq-listed immunotherapy firm on May 10 said it will set up in the city-state its regional headquarters and a fully integrated mRNA manufacturing facility that will produce vaccines...

Indonesia’s GDP contracts 0.7% in Q1

Indonesia saw its economy slightly contracted by 0.74% year-on-year in the first three months of 2021, which signals its continuing recovery as the government raises fiscal support and inoculates more people against COVID-19. This is the fourth straight quarter that the country posted a contraction...

COVID-19, coup pushing half of Myanmar into poverty: UNDP

Nearly half of Myanmar's population is at risk of falling into poverty by 2022 if the twin impacts of the COVID-19 pandemic and the ongoing political crisis there will not be abated, a United Nations Development Programme (UNDP) report warns. As much as 25 million...

ASEAN leaders want end on Myanmar crisis, envoy to facilitate talks

Southeast Asian chiefs reached an agreement with Myanmar's junta leader on Saturday to immediately end the ongoing crisis in the country, though without "a clear timeline for action." Brunei, chair of the 10-member Association of Southeast Asian Nations (ASEAN), said in a statement that the...

ASEAN press freedom weakens as Malaysia slips furthest

Press freedom in Southeast Asia continues to languish as Malaysia steps back the farthest among world nations in this year's World Press Freedom Index. The index compiled by Reporters sans frontières (RSF), also known as Reporters Without Borders, shows a general "bad" press freedom situation...

Philippines pledges 75% cut on carbon emissions

The country was last among Southeast Asian countries that submitted their official commitments to the Paris Climate Change agreement. The Philippines has submitted its official pledge to the global climate change treaty, planning to reduce three-fourths of carbon emissions within the decade. The majority of the...

Grab set for US listing via ‘world’s biggest’ SPAC merger

Grab Holdings Inc., the company behind Southeast Asia's largest ride-hailing and food delivery platform, is set to go public in the U.S. through a merger with a shell company that will value it at nearly $40 billion.  In a statement on April 13, the Singapore-headquartered...

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Economic recovery buoys Philippine remittances in May

Money sent home by overseas Filipino workers (OFWs) rose by 13 percent in May as businesses dampened by the pandemic were starting to crawl...

Philippine power supply to get boost from new solar plant

The Luzon Grid in the Philippines is set for a boost after Global Business Power Corp. (GBP) broke ground for a new solar power...

Will Japan seize its “ASEAN moment”?

At a time when Japanese officials are hardening their stance against China in the matter of Taiwanese independence, the country has been working hard...