Philippine Airlines (PAL) files for bankruptcy
(Bloomberg, New York) Philippine Airlines Inc. (PAL) filed for Chapter 11 bankruptcy in New York. The Philippines main carrier filed it together with a lender-supported...
Malaysia Finance Ministry to publish a PBS for the first time
The Malaysian Ministry of Finance (MOF) has agreed to publish a Pre-Budget Statement (PBS) for Budget 2022. This PBS is the first in the nation’s...
Krungsri Bank enters Vietnam via acquisition of SHB
Krungsri (Bank of Ayudhya PCL) announced today that it has reached an agreement with Saigon-Hanoi Commercial Joint Stock Bank (“SHB”). The deal is to purchase...
AirAsia Group is 100% vaccinated and ready to fly
AirAsia Group is 100% vaccinated and ready to fly. Its operating crew and frontline staff were fully vaccinated. AirAsia Group also roles out numerous contactless...
Lazada Rebrands Logistics Arm
Lazada announced the rebranding of its logistics arm to Lazada Logistics. It was previously known as Lazada eLogistics (LEL) and Lazada Express (LEX) separately. LEL...
Singapore authorities investigating mysterious explosion
SINGAPORE (CNA): Authorities are investigating an explosion from a telco manhole in Bukit Batok on Tuesday (Aug 24). An unnamed person had captured the incident...
Bangkok Bank seeks long term relationship with Indonesia via Permata Bank
Bangkok Bank is making its Indonesian presence felt by acquiring Bank Permata in the largest deal in its history. Following the acquisition in 2020, Bangkok...
Bank Loans to MSMEs rise during pandemic
Micro Small Medium Enterprises (MSMEs) continue to gain more access to financing and loans from banks during the pandemic. The Bangko Sentral ng Pilipinas (BSP)...
Thailand’s Halal SMEs go online with THA Shop
The Halal Science Center (HSC) of Chulalongkorn University has opened Thailand’s first THA Shop as a sales point for Halal SMEs. THA stands for Thailand...
Malaysia stock market continues higher trading despite Malaysia PM Muhyddin and Cabinet Resignation
Despite yesterday's political drama from PM Muhyiddin, the local stock market edged up in early Tuesday trade. Chipmakers and tech stocks retook the lead today,...