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...

Goldman 1MDB fine could be below US$2 billion

Goldman Sachs Group Inc. could pay under US$2 billion to settle US probes over its role in raising money for scandal-plagued Malaysian investment fund...

Singapore property chiefs warn of property glut 

Singaporean property developers say an oversupply of apartments and a stagnating economy are set to suppress housing prices.  The president of the Real Estate Developers Association of...

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...

Essex tragedy: last of ashes and bodies sent home to Vietnam

Cremated remains and bodies of victims of the Essex deaths have finally returned in full to Vietnam. Seven had been cremated in the UK before...

Thailand’s fragrant rice falls behind peers’

Failure to win the World’s Best Rice award for two consecutive years has jolted Thailand – the home of the Hom Mali (jasmine) rice...

Thailand, Hong Kong eye free-trade deal

Thailand is planning to seal a free-trade agreement (FTA) with Hong Kong, particularly in areas of services, cyber security, and green financing. Deputy secretary-general to...

Philippines prepares for world-class airport

The Philippines is set to get its own world-class gateway after the National Economic and Development Authority (NEDA) on Friday cleared the consortium’s proposal...

Cambodia eyes more revenues from customs, excise taxes

Cambodia is looking at raising its revenue target by over 20 percent next year, with the boost expected to come from higher customs and...

Thailand cross-border trade dips 2% to 1.12T baht

Thailand saw its cross-border trade dip by nearly 2 percent during the first 10 months of the year on account of various factors which...

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Philippines receives $2.5B loan from ADB

The Asian Development Bank (ADB) has lent some $2.5 billion support to the Philippines, the highest ever extended in a single year. On Friday, the...

Philippine central bank pauses rate cuts on benign inflation

The Philippine central bank on Thursday held interest rates steady at its last monetary policy meeting for the year due to a positive domestic...

Asean’s plastic shame 

Asean’s beaches, seas and waterways continue to choke on plastic waste, with much of it imported from the developed world. Idyllic spots throughout the biodiverse...