Southeast Asian central banks roll out anti-virus measures

Four central banks in Southeast Asia signaled aggressive policy action this week to curtail the impact of the new coronavirus. The central banks are from Indonesia, the...

AirAsia CEO Tony Fernandes steps aside

Businessman Tony Fernandes is stepping aside from his post as the chief executive officer of low-cost carrier AirAsia Group amid an ongoing probe over...

AirAsia Group faces probe over alleged corruption

Low-cost airline operator AirAsia Group Berhad is facing a regulatory probe over an alleged bribery from aircraft manufacturer Airbus. The Securities Commission Malaysia said on...

Southeast Asian countries rescue constituents in Wuhan

Southeast Asian (SEA) countries are now in touch with their constituents who were trapped in Wuhan, China amid the deadly 2019 novel coronavirus outbreak...

ASEAN-5 growth forecast trimmed as exports slow

The International Monetary Fund (IMF) trimmed its growth forecast for five members of the Association of Southeast Asian Nations (ASEAN) members amid their continued...

Thailand’s cannabis clinic offers bright future 

Thailand is making rapid progress with its policy of legalising the medical use of cannabis with a pilot project in Bangkok seeing thousands of...

Bank of Thailand keeps rates steady but lowers growth forecast

Thailand’s central bank left its policy rates unchanged, to stay still at the lowest level on Wednesday, but lowered growth forecasts for the year...

Thailand opposition rallies in Bangkok

A weekend protest in central Bangkok in support of the Future Forward party leader Thanathorn Juangroongruangkit was the largest seen in Thailand’s capital since...

Tesco gets offer for Thai, Malaysian stores

Retail giant Tesco could gain around US$9 billion by selling off its Asean businesses, according to a former supermarket chief. Shares in the supermarket...

Masatsugu Asakawa is new ADB head

Masatsugu Asakawa is the new president of the Asian Development Bank (ADB). Asakawa, who is currently serving as a special advisor to Japan’s prime minister...

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Philippines transitions to online schooling amid coronavirus

The upcoming school year in the Philippines will push through as planned but the government was still not keen on allowing face-to-face classes. The Office...

Thailand rejects cash aid proposal for civil servants

Thailand’s Ministry of Finance has junked a proposal to offer cash aid to 91,000 farming civil servants for supplementary income, arguing that they are...

Singapore to reopen economy next month

Singapore is officially opening up its economy next month, albeit such a plan will be done so in phases, according to the multi-ministry task...