Singapore

Foodpanda CEO Jakob Angele aims to strengthen the company's engineering and business team as it faces stiffer regional competition. (Source photos by Tsubasa Suruga and Getty Images)
Technology

Foodpanda will not follow 'superapp' rivals in ASEAN: CEO

10 years on, food delivery service to focus on core business for profitability

20 July 2022
Singapore's central bank on July 19 reported a loss of 4.7 billion Singapore dollars ($3.37 billion) as the strong dollar undermined the value of other currencies in its portfolio.
Cryptocurrencies

Singapore set to get tougher on crypto companies

Monetary Authority puts industry on notice about tightening rules

19 July 2022
TEPCO installs solar panels on the roofs of factories in Southeast Asia through a joint venture. (Photo courtesy of Tokyo Electric Power Co. Holdings)
Energy

Japan solar businesses vie for Southeast Asian rooftops

TEPCO and Eneos see opportunities in region dependent on fossil fuels

17 July 2022
Harvard University's endowment fund is opening a Singapore office to help boost its investment portfolio in Southeast Asia.
DealStreetAsia

Harvard endowment fund setting up Singapore office: sources

University to use city-state as base for investment in Southeast Asia

16 July 2022
Emperador is the largest liquor company in the Philippines, and is part of tycoon Andrew Tan's Alliance Global Group. (Photo by Minoru Satake)
Food & Beverage

Philippine distiller Emperador lists in Singapore amid global push

World's bestselling brandy aims to increase international sales to 50% by 2025

14 July 2022
In the U.S., a class action complaint has been brought against Do Kwon, his company and the founder's associates on behalf of people who purchased Terra’s digital tokens in May.
Cryptocurrencies

Terms of failed 'stablecoins' tell investors to seek redress in Singapore

For holders of Do Kwon's Terra and Luna, crash offers bitter lesson on crypto risks

14 July 2022
Singapore's economy is recovering from COVID-19 but faces other pressures, including the impact of the war in Ukraine.
Economy

Singapore tightens monetary policy to cool inflation; Q2 GDP up 4.8%

Annual growth projection kept at 3% to 5% amid Ukraine headwinds

14 July 2022
One of ultra-rational Singapore's founding fathers -- and a good friend of former Prime Minister Lee Kuan Yew -- Othman Wok "loved scaring his friends with ghostly tales as a teenager," recalled a schoolmate.
Life

Books: Classic Southeast Asian ghost stories

Eminent Singaporean politician who tapped into the regional passion for horror

14 July 2022
Temasek says the world economy is in a "fragile state" due to Russia's war in Ukraine, monetary tightening the growing likelihood of a recession in developed markets.
Companies

Singapore's Temasek to slow investment pace this year

In choppy market, state investor 'cautious' after annual return falls to 5.81%

12 July 2022
Tottenham's Son Heung-min is arguably the most recognizable South Korean in any field, anywhere. The English Premier League team is looking to cash in on that star power on its visit to Seoul.
Sports

European soccer giants head back to Asia after COVID-induced break

Paris Saint-Germain, Tottenham among those kicking off preseason tours to region

11 July 2022
As more Asians turned to the internet to conduct their daily lives during the pandemic, it was up to data centers to make sure everything ran smoothly.
Property

From Singapore to Japan, data centers come under investor scrutiny

JLL consultancy says much of industry is in the dark about how to cut emissions

8 July 2022
Cryptocurrency lender Voyager Digital faces bankruptcy proceedings and likely delisting amid the turmoil in crypto markets.
Cryptocurrencies

Crypto crash takes down lenders as casualties mount

Voyager Digital bankruptcy filing shows risk of contagion spreading

8 July 2022
Grab will offer air passengers the ability to book ground transportation outside Southeast Asia through a tie-up with SmartRyde and Splyt. (Source photos by SamrtRyde, Splyt and Ken Kobayashi)
Startups

Grab to let air passengers book ground transport worldwide

Service will facilitate airport-to-hotel rides for Southeast Asian travelers

7 July 2022
Stream article image
Feeding Asia

Hunger in Asia on the rise

Inflation, COVID-19, climate, conflict drive food insecurity

6 July 2022
A woman shops at a supermarket in Singapore. Food prices have surged in Southeast Asia. (Photo by Takashi Nakano)
Inflation

Singapore, Malaysia, Indonesia unleash cash to ease inflation bite

Governments attempt to balance political pressures with fiscal discipline

6 July 2022
A breast cancer patient smokes a joint in Bangkok after marijuana was decriminalized last month. Across Asia, cannabis policies remain broadly restrictive, with some inconsistencies and loopholes.
Asia Insight

Smoke signals: Thailand blazes trail for cannabis in wary Asia

Recreational use still far-off prospect as taboos persist from ASEAN to Japan

5 July 2022
Oakwood Worldwide carries 15,000 serviced apartments stretching from Southeast Asia and China to North America. (Photo from CapitaLand's website)
Property

Singapore's CapitaLand adds D.C., Dhaka apartments with Oakwood buy

Earnings driver Ascott gains 15,000 serviced units in 15 countries via deal

5 July 2022
The economies of ASEAN's five biggest members will grow 5.0% in 2022, according to the latest survey by JCER and Nikkei in June, thanks to the reopening of borders.
Economy

ASEAN economy to slow down in 2nd half of 2022: JCER/Nikkei survey

Economists see inflation, U.S. rate hikes weighing on region despite COVID easing

4 July 2022
In Thailand, issuances from companies such as food producer Thai Union and Skytrain operator BTS have surged from 2018 to 2021.
Bonds

ASEAN governments rush to issue green bonds

From Thailand to Singapore, sustainable financing up in the face of climate change

4 July 2022
The reed diffuser of The Fullerton scent might be available at the hotel's retail store in the future. (Photo by Mayuko Tani)
Business trends

Why scent marketing is in the air at Singapore hotels, stores

The Fullerton, Ion Orchard try signature scents to keep customers coming back

4 July 2022
Indonesian ride-hailing service Gojek's venture arm Go-Ventures is on track to close its $200 million second fund by the third quarter. (Photo by Ken Kobayashi)
DealStreetAsia

Indonesia's Go-Ventures aims at closing second $200m fund in Q3

Gojek's venture arm hopes to lure sovereign wealth funds, tech companies

1 July 2022
Singapore Airlines planes sit on the tarmac at Changi Airport in Singapore. 
Transportation

Singapore Airlines' North America service tops pre-COVID level

Flag carrier ahead of Hong Kong's Cathay Pacific and other regional rivals

1 July 2022
With the crash of crypto prices, 3AC ran into difficulty paying its debts, and has reportedly fallen into liquidation.
Cryptocurrencies

Singapore says Three Arrows Capital provided 'false information'

Rule breaches by crypto hedge fund include managing excess assets

30 June 2022
By setting up Saison International in Singapore, the Japanese credit card issuer intends to speed up decision-making as it expands its overseas operations. (Photo by Yasuaki Sako)
Finance

Singapore base to lead Credit Saison drive to triple overseas profit

Credit card issuer grants a degree of autonomy to its six Asian subsidiaries

30 June 2022
“Singapore stands out due to a comprehensive green building certification scheme and an ambitious plan to become a low-carbon built environment,” said Christine Li, head of research for the Asia-Pacific region at Knight Frank.
Property

Singapore and Hong Kong lure financing for green real estate

Rival hubs rank high among Asian cities for supporting sustainable properties

29 June 2022