More than 500 Ukrainian localities without power: ministry - 6時間前  Intell Asia

Intellasia East Asia News More than 500 Ukrainian localities remained without power Sunday following weeks of Russian airstrikes on the electric grid, an interior ministry official said. “The enemy continues to attack the country’s essential infrastructure. Currently, 507 localities in eight regions of our country are cut off from electricity supplies,” deputy interior minister Yevgueny Yenin told Ukrainian television. […]
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Thousands on alert in Indonesia’s Java after Mt. Semeru eruption - 6時間前  Intell Asia

Intellasia East Asia News Thousands of residents in Indonesia’s East Java were on high alert on Monday after a violent eruption at the island’s tallest volcano prompted authorities to impose an 8-kilometer no-go zone and forced evacuations of entire villages. The provincial search and rescue agency deployed teams to the worst-affected areas near Mount Semeru to assess damage, with […]
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Dollar soft as China reopening hopes boost risk sentiment - 8時間前  Intell Asia

Intellasia East Asia News The dollar struggled to gain a foothold on Monday and was languishing at five-month lows as traders looked past stronger than anticipated US jobs data, while growing hopes of China reopening boosted risk sentiment. The dollar index, which measures the currency against six major peers including the yen and euro, was down 0.18 percent at […]
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IN FOCUS: As dust settles over Malaysia’s political uncertainty, can Anwar’s new government bring stability? - 9時間前  Intell Asia

Intellasia East Asia News Amid the political turmoil that engulfed Malaysia last week after the 15th general Election (GE15) results yielded a hung parliament, Anwar Ibrahim was a picture of calm. As the Pakatan Harapan (PH) chair exited his office in Petaling Jaya in his car last Wednesday (November 23), the 75-year-old rolled down his window in front of […]
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Indonesia yet to recognise Taliban govt in Afghanistan: official - 9時間前  Intell Asia

Intellasia East Asia News The Foreign Affairs Ministry has stressed that Indonesia has not recognised the legitimacy of the Taliban government in Afghanistan since it assumed power in August 2021. “Up till now, we have never given official recognition. No single country in the world has explicitly recognised the Taliban,” director general for Asia-Pacific and African Affairs at the […]
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Minister eyes investment in tourism sector to reach $8 billion - 9時間前  Intell Asia

Intellasia East Asia News Minister of Tourism and Creative Economy Sandiaga Uno targets investment value in Indonesia’s tourism sector to reach up to $8 billion in a decade. Minister Uno highlighted this target while attending the “World Travel and Tourism Council” event in Riyadh, Saudi Arabia, that entailed a bilateral investment and business meeting with several parties to increase […]
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Indonesian banks can fulfil Rp3 trillion core capital requirement: OJK - 9時間前  Intell Asia

Intellasia East Asia News The Financial Services Authority (OJK) is optimistic that banking institutions in Indonesia would fulfil the Rp3 trillion (US$192 million) core capital required by OJK Regulation No. 12 of 2022 before December 31, 2022. “According to our data, we are optimistic that almost all (banking institutions) could fulfil the Rp3 trillion core capital requirement. I believe […]
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Easing in e-commerce market growth - 9時間前  Intell Asia

Intellasia East Asia News Thailand’s e-commerce market is expected to experience slower growth from this year’s estimated 18%, dipping to single digits in 2023 as more shoppers return to stores after Covid infections eased, says the Thai E-Commerce Association (Theca). Thanawat Malabuppa, the association’s president, said the total value of e-commerce is on course to reach 817 billion baht […]
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Thailand has stable outlook, BBB+ affirmed - 9時間前  Intell Asia

Intellasia East Asia News Fitch Ratings has affirmed Thailand’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. The country’s ratings are underpinned by robust external finances and a strong macroeconomic policy framework, which should bolster the economic recovery from the Covid-19 pandemic. These strengths are balanced by weaker structural features compared with its peer group, […]
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SET Index to test 1,670 this month - 9時間前  Intell Asia

Intellasia East Asia News December holds the potential for a rebound in the Stock Exchange of Thailand, as the market expects the US Federal Reserve will slow the pace of its interest-rate increases. With global crude oil prices falling, the spotlight also falls on the Opec+ meeting tomorrow to see whether the group will cut production further, after reducing […]
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Conditions for China to downgrade its management of COVID-19 maturing-state media - 6時間前  Intell Asia

Intellasia East Asia News Conditions for China to downgrade its management of COVID-19 as a serious contagious disease improving as the coronavirus weakens, state media outlet Yicai reported, among the first to float the idea. Since January 2020, China has classified COVID-19 as a Category B infectious disease but has managed it under Category A protocols, which give local […]
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Yuan jumps past 7 per dollar as China eases some COVID curbs - 6時間前  Intell Asia

Intellasia East Asia News China’s yuan, firmed past the closely watched 7-per-dollar level on Monday, hitting its strongest since mid-September, as Beijing eased some of its strict COVID-19 curbs, potentially attracting fresh foreign inflows. The Chinese currency was also bolstered by expectations of slower US interest rate hikes, which knocked the dollar index to near five-month lows. But some […]
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Asia shares pin hopes on China opening, oil rallies - 8時間前  Intell Asia

Intellasia East Asia News Asian shares edged higher on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, even if full freedom could be months away. The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead of a European Union ban and […]
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Vice President flags off Papua tuna exports to Japan - 9時間前  Intell Asia

Intellasia East Asia News Vice President Ma’ruf Amin on Friday flagged off an export consignment of 1.4 tonnes of tuna from the Biak Integrated Maritime Fisheries centre (SKPT) in Papua province to Japan. “We export fresh tuna from Biak, Papua, to Japan and frozen tuna to the United States,” he said after releasing the export consignment at Pelindo Biak […]
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60pct of EVs globally to depend on Indonesia-made batteries: Widodo - 9時間前  Intell Asia

Intellasia East Asia News As many as 60 percent of electric vehicles in the world will depend on the battery ecosystem that is being built in an integrated manner in Indonesia, President Joko Widodo (Jokowi) has said. “I calculate how much; 60 percent of electric cars will depend on our EV (electric vehicle) battery; 60 percent of the market […]
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Will pay living expenses of Cianjur students in Yogyakarta: Governor - 9時間前  Intell Asia

Intellasia East Asia News Governor Sri Sultan Hamengku Buwono X has said that his administration will cover the living expenses of students from Cianjur District, West Java, who are studying in Yogyakarta. In the yard of the Yogyakarta Regional Disaster Mitigation Agency’s office on Friday, he said that he had a ‘by name, by address’ list of 107 students […]
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Fruit export prospects ripen - 9時間前  Intell Asia

Intellasia East Asia News Prospects for fruit exports to China are more promising after Beijing allowed fruit transport from Thailand via the Laos-China high-speed railway. Commerce minister Jurin Laksanawisit said the construction of the imported fruit quarantine inspection point at Mohan train station was completed and is scheduled to open today. Previously Thai fruit were transported by train from […]
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Banks prudently mull rate adjustment - 9時間前  Intell Asia

Intellasia East Asia News Banks are taking their time before making any decision on adjusting loan rates as next year there are several risks, particularly concern about a global recession and swelling household debt, despite reports of Thailand’s economic recovery. Kasikornbank (KBank) president Kattiya Indaravijaya said the bank would consider all related factors prudently before making any decision on […]
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‘Lessons learned’ from Phuket airport chaos - 9時間前  Intell Asia

Intellasia East Asia News Following confusion at Phuket airport on Thursday night, with flight delays and runway closures causing hundreds of passengers to miss their late-night departures to Bangkok, related parties have reportedly learned their lesson and should be able to avoid repeating such mistakes again, according to a local business leader. Bhumikitti Ruktaengam, advisory chair of the Phuket […]
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Airport operator has wings - 9時間前  Intell Asia

Intellasia East Asia News Airports of Thailand (AOT), the world’s largest airport operator in terms of market capitalisation, has returned to the spotlight this year as the reopening of borders to tourists has led to skyrocketing passenger arrivals. One of the flagship stocks on the Stock Exchange of Thailand (SET), AOT has a market capitalisation of 1.07 trillion baht […]
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