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Business
Vietnam airfares to Singapore, Thailand plummet Mon, 10 Aug 2026 15:39:33 +0700
A rise in the number of foreign flights operated by Vietnamese airlines has brought ticket prices down even during the main summer travel season, with fares to Singapore and Thailand costing only half as much as last year.
Japanese cafe chain Hoshino Coffee to shut 2 Singapore outlets in a month Mon, 10 Aug 2026 14:08:26 +0700
Japanese cafe chain Hoshino Coffee will shutter two of its outlets in Singapore and temporarily close another within August, leaving just three stores in the city-state.
Gold prices drop Mon, 10 Aug 2026 14:08:06 +0700
Vietnam's gold bar prices fell Monday morning amid a dip in global bullion rates.
Dollar slides against dong Mon, 10 Aug 2026 14:07:50 +0700
The U.S. dollar slumped against the Vietnamese dong Monday morning while trading near a two-month low against major peers.
$1,400-a-month co-living rooms draw over 500 young Singaporean applicants Mon, 10 Aug 2026 11:24:58 +0700
More than 500 young Singaporeans have applied for subsidized co-living rooms starting at SGD1,800 (US$1,408) a month under a new independent-living initiative, with demand exceeding available rooms by about five times.
Malaysian billionaire Lee brothers’ IOI Properties wins approval for $1.85B REIT listing Mon, 10 Aug 2026 11:24:11 +0700
IOI Properties, controlled by the billionaire Lee brothers, has secured regulatory approval in Malaysia to establish and list a real estate investment trust backed by RM7.58 billion (US$1.85 billion) in assets.
McDonald’s sells 11 Hong Kong properties amid deep retail slump Mon, 10 Aug 2026 11:21:37 +0700
Fast food giant McDonald’s has found buyers for nearly half of its 23 retail properties in Hong Kong at premium prices, even as the city’s shop market remains stuck in one of its deepest downturns in decades.
Which Southeast Asian country saw gold demand fall in Q2? Mon, 10 Aug 2026 10:23:58 +0700
Gold bar and coin purchases in this country dropped 31% year-on-year in the second quarter, making it the only Southeast Asian market to record a decline.
How husband-and-wife billionaire duo becomes Philippines' 4th richest with hypermarket chain Puregold Price Club Mon, 10 Aug 2026 06:16:18 +0700
From a single store in 1998, Lucio and Susan Co grew their Puregold Price Club into a retail empire that has made them the Philippines’ fourth-richest people.
Singapore's artisanal chocolate pioneer Laurent Cafe & Chocolate Bar to close after 20 years Sun, 09 Aug 2026 10:32:06 +0700
Singapore's artisanal chocolatier Laurent Cafe & Chocolate Bar at Robertson Quay will close on Aug. 10 after 20 years as rising costs and financial pressures force it to shut down.
Hanoi apartment flippers trapped as market downturn keeps buyers away Sun, 09 Aug 2026 07:32:59 +0700
Speculators who bought apartments in Hanoi from developers before or during construction are struggling to sell their units amid plunging prices and high mortgage interest rates.
Executive linked to Ningbo’s richest family buys $18.5M Hong Kong villa Sun, 09 Aug 2026 07:11:23 +0700
A company executive linked to the family behind Chinese auto parts giant Ningbo Tuopu Group has bought a luxury villa in Hong Kong for HK$145.6 million (US$18.5 million).
Global expansion propels port tycoon Enrique Razon Jr. to Philippines’ richest Sun, 09 Aug 2026 07:11:06 +0700
Ports billionaire Enrique Razon Jr. became the Philippines’ richest person this year for the first time since debuting on the list in 2007, as his port empire expands with new projects both domestically and overseas.
Bangkok plans $29M pedestrian, cycling bridge across Chao Phraya River Sat, 08 Aug 2026 16:09:44 +0700
Bangkok authorities have unveiled plans to build a THB1 billion (US$29 million) landmark pedestrian and bicycle bridge across the Chao Phraya River to expand green transportation options for residents and tourists.
Gold prices hike to 2-week peak Sat, 08 Aug 2026 16:09:26 +0700
Vietnam gold prices rose Saturday morning to the highest since July 22, following a jump of the precious metal on global markets.
Vietnamese SMEs build digital capabilities beyond online selling Sat, 08 Aug 2026 09:00:00 +0700
As more Vietnamese small and medium-sized enterprises (SMEs) adopt e-commerce, Shopee is expanding efforts to help businesses develop digital skills, improve operations, and support long-term growth through its Shopee Enables SMEs program.
Singapore high-earning talent visa holders double in 2 years Fri, 07 Aug 2026 15:53:59 +0700
Some 8,500 high-earning foreign talents were holding Singapore’s Overseas Networks and Expertise Pass at the end of last year, up more than two-fold since the scheme’s first year in 2023.
Haidilao launches second burger brand, expands sushi business amid sluggish hotpot growth Fri, 07 Aug 2026 15:53:42 +0700
Chinese hotpot chain Haidilao is making a second foray into burgers with Fresh Burger while expanding its new sushi brand as its core business slows.
Dollar rises against dong Fri, 07 Aug 2026 15:53:00 +0700
The U.S. dollar gained over the Vietnamese dong Friday morning as it rose against several major peers.
How Malaysian durian farmers are fighting extreme weather to keep quality supply flowing Fri, 07 Aug 2026 12:31:00 +0700
Durian lovers prize the Malaysian premium varieties such as Musang King and Black Thorn, but their growers face a harsher reality.
Gold prices fall Fri, 07 Aug 2026 11:10:38 +0700
Vietnam's gold bar prices slipped Friday morning despite gains in global bullion rates.
Billionaire Lucio Tan becomes Philippines' 6th richest Fri, 07 Aug 2026 10:47:41 +0700
Billionaire Lucio Tan, chairman of Philippine Airlines, has climbed to sixth place among the Philippines’ richest people this month as the flag carrier makes a major fleet expansion to tap growing travel demand.
Philippines’ former richest man Manuel Villar drops out of top 5 after $8.6B loss Fri, 07 Aug 2026 10:47:22 +0700
Manuel Villar, once the Philippines' wealthiest individual, has slipped to No. 9 on Forbes' rankings of the country's billionaires after his flagship's stock collapsed and wiped $8.6 billion from his net worth.
Philippines not to halt rice imports amid shortage fears Fri, 07 Aug 2026 10:22:30 +0700
The Philippines will not impose a ban on rice imports this year as the country braces for the impact of the looming peak El Niño, which could reduce domestic supply.
Singapore executive flat built nearly 4 decades ago sets $1.29M record sale Fri, 07 Aug 2026 10:22:13 +0700
A 39-year-old high-floor executive apartment has set a new record for Singapore’s public housing price at SGD1.65 million (US$1.29 million).
Singapore restaurant popular for loaded fries to shutter a year after reopening Fri, 07 Aug 2026 06:44:49 +0700
Frites & Co, a restaurant known for its loaded fries, will soon close its doors for the second time, a year after reopening.
Which Southeast Asian country bought most gold in Q2? Fri, 07 Aug 2026 06:27:45 +0700
The country purchased 14.5 tonnes of gold bars and coins in the second quarter, the highest volume in Southeast Asia, while its demand growth ranked among the strongest worldwide.
Philippines' 5 richest: SM Investments' Sy siblings lose crown amid rankings shake-up Fri, 07 Aug 2026 06:19:10 +0700
The ranks of the Philippines' five richest have been reshuffled this year, with the Sy siblings of SM Investments losing the top spot and a new name entering the list.
Vietnam Green Finance Conference explores ways to unlock global capital Fri, 07 Aug 2026 20:00:00 +0700
The Vietnam Green Finance Conference 2026 brought together policymakers, financial institutions, investors, and businesses on Aug. 6 to discuss how Vietnam can strengthen its legal framework, financial infrastructure, and project quality to attract international green investment.
OnPoint repositions as ecommerce growth partner with new brand identity Fri, 07 Aug 2026 20:00:00 +0700
OnPoint has repositioned itself from an ecommerce enabler to an ecommerce growth partner, alongside a new brand identity reflecting its expanded role in helping brands drive growth across digital commerce.
Vietnam eyes record $4.5B durian exports this year Thu, 06 Aug 2026 16:52:21 +0700
Vietnam's durian exports could hit a new high of US$4.5 billion in 2026 on improved market access and streamlined export procedures.
Southeast Asia's 3rd largest bank UOB sells asset management arm for $434M Thu, 06 Aug 2026 15:46:29 +0700
Singapore's United Overseas Bank, the third-largest lender in Southeast Asia by assets, is selling its asset management business to a unit of Germany's Allianz for S$555 ​million (US$434 million).
Gold prices gain Thu, 06 Aug 2026 15:36:48 +0700
Vietnam gold prices rose marginally Thursday morning, driven by a rally of the precious metal on global markets.
Gasoline prices drop Thu, 06 Aug 2026 15:36:13 +0700
Vietnam gasoline prices fell Thursday afternoon amid a decline global fuel prices, driven by expectations of rising supply.
Dollar inches down against dong Thu, 06 Aug 2026 15:27:57 +0700
The U.S. dollar fell slightly against the Vietnamese dong Thursday morning.
Malaysian billionaire Koon brothers sell 35.6% stake in silicon metal producer to their flagship Press Metal Wed, 05 Aug 2026 17:00:00 +0700
Southeast Asia's largest aluminium smelter Press Metal is buying from its controlling shareholders, Malaysian billionaire Koon brothers, an additional 35.6% stake in silicon metal producer PMB Technology.
Dollar gains over dong on black market Wed, 05 Aug 2026 15:42:43 +0700
The U.S. dollar rose against the Vietnamese dong on the black market Wednesday morning while trading near six-week lows against major peers.
Consortium controlled by billionaires Kwek Leng Beng, Quek Leng Chan bids $450M for Singapore condo site Wed, 05 Aug 2026 12:12:28 +0700
Hong Leong Holdings and GuocoLand, respectively controlled by Singaporean billionaire Kwek Leng Beng and Malaysian billionaire Quek Leng Chan, have together emerged as the sole bidder of a condo site in Singapore.
China completes first digital yuan payment to Malaysia for durian imports Wed, 05 Aug 2026 12:12:11 +0700
China used its digital yuan to settle a 43,000 yuan (US$6,360) shipment of Malaysian durians, marking its first outbound cross-border payment using the central bank digital currency.
Singapore retailer Hao Mart closes last premium outlet Wed, 05 Aug 2026 12:11:52 +0700
The final upscale Eccellente outlet operated by minimart chain Hao Mart has closed, bringing an end to the retailer’s premium grocery concept.
Singapore’s 68-year-old yong tau foo hawker stall quietly shuts Wed, 05 Aug 2026 12:11:17 +0700
Heritage hawker stall Golden Mile Special Yong Tau Foo at the Golden Mile Food Centre in Singapore has closed after 68 years in business.
Gold prices rise Wed, 05 Aug 2026 12:10:56 +0700
Vietnam's gold bar prices gained Wednesday morning as global rates rose for a third straight session.
Singapore-based fashion giant Shein seeks up to $40B valuation for Hong Kong IPO Wed, 05 Aug 2026 10:27:38 +0700
Shein is seeking a valuation of US$30 billion to $40 billion in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three people familiar with the matter said.
Warren Buffett’s 3 children never finished college, but he didn’t pressure them to Wed, 05 Aug 2026 06:33:43 +0700
All three of Warren Buffett’s children dropped out of college, but the billionaire investor did not seem bothered and never pressured them to graduate.
Which country is Southeast Asia's biggest lumber producer? Wed, 05 Aug 2026 06:28:25 +0700
This country produced roughly 5.7 million cubic meters of sawnwood in 2024, or 1.3% of global output.
Singapore posts one of Southeast Asia’s slowest gold demand growth rates Wed, 05 Aug 2026 06:24:12 +0700
Singapore’s demand for gold bars and coins rose 6% year-on-year in the second quarter, one of the slowest growth rates in Southeast Asia.
AI moves beyond productivity to drive business growth, says expert Wed, 05 Aug 2026 17:00:00 +0700
Artificial intelligence (AI) is evolving from a tool for improving efficiency into a broader driver of economic growth, creating opportunities across industries while reshaping investment and financing demand throughout ASEAN, speakers said at the ASEAN Conference 2026 on July 31 in Singapore.
Vietnam's trade turnover tops $659B in 7 months Tue, 04 Aug 2026 16:41:47 +0700
Vietnam's posted a trade turnover of US$659.58 billion in the first seven months of 2026, up 28.1% from a year earlier.
Dollar falls against dong Tue, 04 Aug 2026 16:20:31 +0700
The U.S. dollar dropped against the Vietnamese dong Tuesday afternoon.
Switzerland’s largest bank UBS fined $125M for anti-money laundering program violations Tue, 04 Aug 2026 12:35:41 +0700
A subsidiary of Swiss lender UBS Group has agreed to pay US$125 million in penalties to resolve allegations by the U.S. government that it willfully and repeatedly violated anti-money laundering requirements.
Gold prices decline Tue, 04 Aug 2026 12:35:25 +0700
Vietnam gold prices fell Tuesday morning despite a slight gain of the precious metal on global markets.
South Korea mulls hiking taxes on rich homeowners Tue, 04 Aug 2026 11:15:31 +0700
South Korea has proposed property tax changes that would impose higher ‌duties on wealthy homeowners to stabilize a red-hot housing market.
FDI inflows surge 58% to $38B in 7 months Tue, 04 Aug 2026 11:14:54 +0700
Vietnam drew US$38.06 billion in registered foreign direct investment (FDI) during the first seven months of 2026, up 58% year-on-year, driven by stronger inflows into manufacturing, energy and technology-related industries.
How New World Saigon is preparing for Vietnam's next tourism chapter Tue, 04 Aug 2026 18:00:00 +0700
As Vietnam expands its transport infrastructure, New World Saigon Hotel is updating its operations, technology and leadership approach to meet evolving expectations from international travelers.
Experts discuss strategies to strengthen Vietnam's cross-border trade Tue, 04 Aug 2026 13:30:00 +0700
Cross-border logistics, digital adoption, and market entry strategies for the U.S. were among the topics discussed by industry experts at the Gori Global Logistics Summit 2026 in Ho Chi Minh City.
Malaysian tycoon Jeffrey Cheah’s Sunway Construction wins $249M Johor data center job Mon, 03 Aug 2026 18:00:00 +0700
Sunway Construction Group (SunCon), part of tycoon Jeffrey Cheah’s Sunway conglomerate, has secured a RM1.02 billion (US$249 million) engineering contract for a data center project in Malaysia’s Johor state.
Singapore layoffs climb to 5-year high in Q2 Mon, 03 Aug 2026 15:55:23 +0700
Some 4,500 workers in Singapore were retrenched in April-June, the highest quarterly figure in more than five years, driven by restructuring at some overseas-facing businesses.
Dollar weakens against dong Mon, 03 Aug 2026 15:55:07 +0700
The U.S. dollar slipped against the Vietnamese dong Monday morning as it fell against the yen after joint intervention by the U.S. and Japan.
Gold prices gain Mon, 03 Aug 2026 11:51:14 +0700
Gold bullion prices in Vietnam rose Monday morning amid gains in the global market.
Dragon fruit prices shoot up as rains affect yield Mon, 03 Aug 2026 11:44:52 +0700
Prolonged rains have hit dragon fruit output and doubled farm-gate prices since May to VND15,000 (US$0.57) per kilogram.
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