Myanmar’s junta leader Min Aung Hlaing departed Naypyidaw on August 17 for a trip to Russia, marking his seventh visit since he led the military coup in 2021.
Author: Elisabeth Xaviera
Business and Economy Correspondent, SEA Daily
Cambodia Optimistic About Attracting More South Korean Investors as New Bilateral Commitment Sealed
The Council for the Development of Cambodia (CDC) has secured firm pacts to foster bilateral ties with the Incheon Chamber of Commerce and Industry (ICCI), with a focus on driving South Korea’s capital to tap into high-potential sectors in Cambodia, namely agricultural processing and furniture manufacturing.
Malaysia Urges ASEAN Haze Vigilance as El Niño Intensifies
On August 16, Malaysia’s Ministry of Natural Resources and Environmental Sustainability (NRES) officially urged southern ASEAN nations to intensify regional preparedness for an escalating El Niño phenomenon and worsening transboundary haze.
Malaysia’s Stock Market Set to Trade Higher This Week
The Malaysian national news agency Bernama reported on August 8 that the FTSE Bursa Malaysia KLCI (FBM KLCI) is projected to trade with an upward trend bias leading into the week of August 8. This favourable momentum is estimated to oscillate within a narrow consolidation range of 1,720 to 1,750 points.
Myanmar Greenlights 14 New Investment Projects, Grid Stabilisation Remains Priority
On August 14, the Myanmar Investment Commission (MIC) approved a total of 14 investment ventures, which are projected to generate more than 3,300 job opportunities.
Repeated mass shootings unmask Thailand’s institutional loophole and unspoken gun culture
Thai Prime Minister Anutin Charnvirakul has vowed to enact stricter gun laws as Southeast Asia’s highest gun-owning nation mourns one of its deadliest shootings in recent years. Yet, for a country that does not lack firearms legislation, such a response will prove inadequate to address a structural, interlinking societal and institutional crisis.
Indonesia Targets Mass Production of National Electric Vehicles by 2028
President Prabowo Subianto said that Indonesia aims to kickstart the mass production of domestic electric vehicles (EVs) by no later than 2028. This ambition was announced during the inauguration of the National Electric Motorcycle (Molinas) in Bekasi, West Java province, on August 13. The president noted that “a large complex is being developed” across adjacent areas.
Malaysia Introduces New 10-year Energy Action Plan, Projecting $21.5 bn Savings Amid Surging Intensifying Data Centre Construction
On August 11, the Malaysia’s government introduced an advanced continuity for its National Energy Efficiency Policy and Action Plan (NEEAP 2.0) that will run until 2035, projecting over 21.5 billion US dollar in utility savings over the next decade.
Unprecedented US$53.5 Billion Borrowing Plan for 2027 Awaits Philippine Congress Approval
The Philippine government is planning a massive, record-breaking surge in its national debt as a 3.3 trillion Philippine peso (54 billion US dollar) borrowing proposal awaits the congressional green light.
France Is Looking to Indonesia. Can Its Tech Startups Follow?
Having lived in Indonesia for the past 14 years, Jakarta-based French entrepreneur and President of La French Tech Indonesia, Reza Pir Nazar, views Southeast Asia’s largest economy as an “interesting destination” for global technological investment. However, Reza highlights a stark regional imbalance, noting that “Singapore is getting the most attention”.