Malaysia – Malaysian companies interested in doing business in Nusantara, Indonesia’s soon-to-be capital city, should go outside traditional industries, according to the Minister in the Prime Minister’s Department (Sabah and Sarawak Affairs). Datuk Seri Maximus Ongkili said that the city of Samarinda, as well as other sections of East Kalimantan, had significant commercial potential in infrastructure, tourism, agriculture, and other …

Thailand – The Stock Exchange of Thailand (SET) tightened its grip on highly speculative stocks after a public hearing suggested investors support the revamp of market surveillance measures to better regulate stocks with irregular price movements. In view of this, The SET conducted the hearing on Nov 1-12 to collect opinions regarding the revision of market surveillance measures and the …

To reassure investors that their new wealth fund will not fall victim to corruption, Indonesia will need to come out of the shadows of neighboring Malaysia’s 1MDB scandal. In view of this, Isa Rachmatarwata, Director General of State Assets of the Finance Ministry shared that the Nusantara Investment Authority will take lessons from other sovereign wealth funds and follow a …

Sales of debt from Malaysia may make a comeback in the midst of economic prosperity that reopened, Kenanga Research said. The firm said the US 10-year average yield from the Treasury had inched slightly higher by two basis points ( bps) in May to 0.66 percent, lifted by investor optimism as economies begin to reopen. On the other hand, the …

Airbnb Inc. is considering raising capital from new investors, as the home-sharing giant wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business, according to people close to the company. The pandemic has also thrown into disarray Airbnb’s plans to go public this year, and the company’s board and investors are divided over …