JAKARTA] Indonesian sovereign wealth fund Danantara will extend a US$405 million loan to Garuda Indonesia to help the distressed flag carrier turn around finances and expand its fleet in the coming …
Indonesia’s geothermal push buoyed by Sumitomo-backed expansion plan
Supreme Energy Muara Laboh — in which Japanese trading house Sumitomo Corp. and oil company Inpex hold 50% and 30% stakes, respectively — operates a geothermal plant in the mountains five hours from …
Billionaire leaves ownership of Thai beermaker to five children
BANGKOK] Thailand’s richest man Charoen Sirivadhanabhakdi distributed stakes in holding firms which control about 66 per cent of Thai Beverage to his five children, though stopped short of handing …
Why stocks are up and oil is down as the US and Iran trade strikes
Investors expected choppy markets on Monday. What they got was volatile, but in a way they didn’t anticipate.
Jharkhand Chamber delegation leaves for Vietnam to strengthen trade ties
A 21-member delegation of the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) left for Vietnam on Tuesday morning to strengthen trade and industrial ties between Jharkhand and the …
Vietnam veteran and billionaire founder of FedEx Frederick W. Smith dies at 80
To start the company we know today as FedEx, Frederick W. Smith took a step that many entrepreneurs do. He used a combination of his family’s money, as well as the approximately $690 million (in 2025 …
Sluggish PH visitor arrivals prompt calls for reforms from business group
The Philippines remains an ideal travel destination despite attracting one of the fewest visitors in Southeast Asia. The Federation of Filipino Chinese …
Japan’s industry ministry, Siemens Gamesa agree to cooperate on wind power
Japan announced a cooperation framework with Siemens Gamesa Renewable Energy for the offshore wind sector, the industry ministry said on Tuesday, the latest public-private deal to build a resilient …
UK’s new industrial strategy to strengthen economic ties with Bangladesh: Envoy
The new strategy, unveiled by British Prime Minister Keir Starmer on June 23, outlines a decade-long plan aimed at making the UK the most attractive destination for global business by boosting …
Axentec unveils Bangladesh’s first locally hosted Tier-4 cloud platform
Axentec, a subsidiary of Robi Axiata, today launched the country’s first locally hosted Tier-4 cloud platform — Axentec Cloud. Unveiled at a press event held at Axentec’s headquarters in Dhaka, the …