Thailand

Zipmex halted operations, citing market volatility and liquidity problems faced by its Singapore unit, affecting many retail investors in Thailand.
Cryptocurrencies

Assets of Zipmex Thailand's users locked until restructuring deal

Singapore court grants crypto company 3-month reprieve to find solution

15 August 2022
Stripe’s expansion shows a possible route to growth for digital payment companies trying to keep up with the latest pandemic-induced economic realities. (Source photos by courtesy of Stripe)
Technology

Stripe CEO: U.S. tech companies 'underestimate' Asia's potential

Despite fintech downturn, payment giant doubles down on overseas business

15 August 2022
Tourists and local people play with water during the Songkran holiday in April. Tourism is showing signs of recovery after Thailand lifted COVID-restriction measures, pushing up the country's economy.
Economy

Thailand's GDP grew 2.5% in Q2, with economy on recovery path

Exports, tourism power growth despite headwinds of inflation, geopolitical tensions

15 August 2022
Super app provider Grab celebrated its 10th anniversary on Aug. 11 with the opening of a new headquarters in Singapore. (Photo by Tsubasa Suruga)
Technology

Singapore's Grab vows 'inclusive growth' for ASEAN's gig economy

Superapp to upskill small merchants, provide scholarships for students

11 August 2022
A man feeds his animals at a cattle market in Pakistan. Europe is leading in the insect protein market, but more and more companies in Southeast Asia are developing foods containing insects.
Agriculture

Thailand abuzz over bug-based feed as alternative to grain

Business booms as livestock farms seek to address sustainability concerns

11 August 2022
In the first six months of 2022, Thai exports rose 12.7% year on year, pushing up the country's growth.
Economy

Thailand raises key rate to 0.75% in 1st hike for nearly 4 years

Central bank weighs growth, risk of inflation in shift to tighter monetary policy

10 August 2022
Park Hyatt Jakarta opened in central Jakarta near the Indonesian president's official residence on July 8. (Photo by Koya Jibiki)
Travel & Leisure

Jakarta, Bangkok see luxury hotel boom as tourism rebounds

Southeast Asian megacities host conferences to draw business travelers

9 August 2022
China's missile drills have forced Singapore Airlines and its budget carrier Scoot to cancel flights to and from Taiwan scheduled for Friday. (Source photos by Eastern Theatre Command/Reuters and Reuters)
Transportation

Asian carriers halt, reroute flights over Chinese drills near Taiwan

Beijing's military exercise could disrupt regional supply chains

5 August 2022
Fitch Ratings said in a report last month that Singapore banks are poised to benefit from the rise in global interest rates as economic recovery continues across the lenders' key markets.
Finance

DBS, other ASEAN banks ride U.S. rate hikes to stronger earnings

Southeast Asia's largest banks expect higher returns from lending

5 August 2022
Thailand hopes to bolster competitiveness by introducing a long-term visa for skilled foreign workers and investors.
Economy

Thailand to introduce 10-year visa for skilled workers, investors

Country looks to attract 1 million people from advanced economies

4 August 2022
Thai Airways aircraft parked at Bangkok's Suvarnabhumi Airport. Thailand has scrapped almost all COVID-related travel restrictions.
Transportation

From Thailand to Philippines, airlines recover but need China reopening

Soaring fuel prices weigh on debt-laden Southeast Asian carriers

4 August 2022
PTT, a Thai state-owned enterprise, has to comply with the government’s environmental targets, which include reaching carbon neutrality in 2050 and net-zero emissions by 2065.
Energy

Thailand's PTT pulls out of coal mining through $471m asset sale

Offloading of business in line with government's 2065 zero-emissions target

2 August 2022
Green, golf ball-size Thai eggplant is essential to authentic curries but difficult to grow in Japan. Nevertheless, retort pouch curry maker Yamamori intends to do just that. (Photo by Tensei Tani)
Food & Beverage

Curry company tries its hand at growing Thai veggies in Japan

Yamamori determined to supply restaurants with fresh lemon grass and holy basil

30 July 2022
Zipmex had already paused operations, citing market volatility and liquidity problems faced by its Singapore unit.
Cryptocurrencies

Crypto exchange Zipmex seeks bankruptcy protection in Singapore

Thailand-based digital currency player calls for conference with creditors

29 July 2022
In "Another Bangkok," author Alex Kerr presents the city neither as an object of academic study nor a source of tourist delight, but as a very personal experience. (Nikkei montage; source photos courtesy of Penguin Random House)
Books

Books: Finding a 'wonderland' in Thailand's capital

Fun and orderliness in Alex Kerr's 'Another Bangkok: Reflections on the City'

29 July 2022
Insignia Ventures joins a growing list of VC specialists targeting investment in Southeast Asia. (Source photos by AP and screenshot from Insignia Ventures Partners' website) 
DealStreetAsia

Singapore's Insignia Ventures Partners readies third venture fund

Firm could raise $250m, will target tech investments in Southeast Asia

28 July 2022
Central Group teaches farmers in northern Thailand to raise their yield and profit with modern business methods. (Photo courtesy of Central Group)
Retail

Thailand's Central learns sustainability lessons from European expansion

Family-led mall developer sets emissions targets, pushes farming reforms

28 July 2022
Malaysia's liquefied natural gas exports more than doubled by value in June.
Trade

Malaysia, Indonesia exports surge as energy and food prices soar

China slowdown and U.S. rate hikes loom over robust ASEAN trade

28 July 2022
A Google form for investors affected by Zipmex's withdrawal freeze has reached nearly 800 complaints -- with a claimed 600 million baht lost in total.
Cryptocurrencies

Thailand's Zipmex faces deadline to resume withdrawals

Investors chase crypto exchange for deposits and answers

27 July 2022
Agricultural waste like corncobs and husks is turned into a high-energy biofuel at a TTCL plant.
27 July 2022
The venture capital arm of Thailand's Kasikornbank plans to raise $50 million to $100 million from its parent. (Screenshot from Beacon VC website)
DealStreetAsia

Thai bank's VC unit to boost capital pool by up to $100m

Beacon VC to invest funds from parent, KBank, in tech startups

25 July 2022
The price of Asia's main food has not been anything like the wild ride of other staples. (Photo by Akira Kodaka)
Market Spotlight

Thailand export earnings threatened by rice glut

Opinions diverge over outlook as fertilizer shortages loom

25 July 2022
Thai Prime Minister Prayuth Chan-ocha answers questions during a no-confidence debate in Bangkok on July 19.
Turbulent Thailand

Thailand's Prayuth Chan-ocha survives 4th no-confidence vote

Prime minister likely to serve through end of his term in March 2023

23 July 2022
Akalarp encouraged customers to join a class action lawsuit that Zipmex Thailand is preparing to file against Zipmex Global.
Cryptocurrencies

Crypto crash spreads in Asia as Zipmex suspends baht withdrawals

Thai exchange faces liquidity risk from Celsius, Babel Finance

21 July 2022
Stream article image
#techAsia

Display makers dip into chips and a startup struggles to deliver

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

21 July 2022