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BUSINESS – The Indonesian rupiah has recently outperformed several major Asian currencies, including the South Korean won and Singapore dollar, amid global economic uncertainties. This development...
BUSINESS – OpenAI, the developer behind ChatGPT, has successfully raised $40 billion in a funding round led by SoftBank Group, elevating the company’s valuation to $300...
BUSINESS – The Indonesian rupiah has depreciated to its weakest point since the 1998 Asian financial crisis, trading at 16,641 per US dollar—a 0.5% decline that...
BUSINESS – The Malaysian ringgit is experiencing depreciation pressures due to anticipated domestic interest rate reductions and escalating global trade disputes. Analysts suggest that Bank Negara...
BUSINESS – Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong emphasized Singapore’s commitment to fostering robust economic relations with the United States,...
BUSINESS – On March 3, 2025, President Donald Trump confirmed that the United States will implement 25% tariffs on all imports from Mexico and Canada, effective...
BUSINESS – DBS Group Holdings Ltd., Southeast Asia’s largest bank, plans to reduce its contract and temporary workforce by approximately 4,000 positions over the next three...
BUSINESS – Southwest Airlines has announced plans to reduce its corporate workforce by approximately 15%, equating to about 1,750 positions, as part of a strategic effort...
BUSINESS – SoftBank Group reported a net loss of 369.2 billion yen ($2.4 billion) for the October-December quarter, mainly due to declining valuations of tech investments...
BUSINESS – In a significant geopolitical development, Panama is contemplating the termination of a port operation agreement with Hong Kong-based CK Hutchison Holdings. This move aligns...
