#SOUTHEASTASIA News

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$100 Million Cryptocurrency Scheme Uncovered in Myanmar

cryptonews.com Chainalysis has unveiled a new case of fraud involving a single company operating from a compound in Myanmar, which swindled a sum of over $100 million from victims in less…

AI regulations: What can the EU learn from Asia? – DW

dw.com The Association of Southeast Asian Nations has agreed on guidance regulating the use of artificial intelligence. Could it set the standard for more competitive practices in…

The false promise of Indonesia’s economy

economist.com In politics, repetition is a crucial part of any campaign. But for Indonesian voters, who go to the polls to elect a new president on February 14th, one pledge is starting…

Cobra Gold military exercise, South Korean birth rate, India GDP

asia.nikkei.com Welcome to Your Week in Asia. Monday will see the start of Cobra Gold 2024, a multinational military exercise in Thailand intended to enhance regional interoperability. Hong…

Japan's Hokkaido scallop exports to Southeast Asia soar 150%

asia.nikkei.com TOKYO -- Japan's fishing industry is cutting dependence on China for exports and moving quickly to create new processing hubs and sales channels in Southeast Asia, the U.S.…

Japan's Hokkaido scallop exports to Southeast Asia soar 250%

asia.nikkei.com TOKYO -- Japan's fishing industry is cutting dependence on China for exports and moving quickly to create new processing hubs and sales channels in Southeast Asia, the U.S.…

These Are the Countries with the Most Military Expenditures

247wallst.com How much countries spend on their militaries has a direct correlation with their standing in the world, and it can ultimately tip geopolitical relations in their favor if…

Hidden Gem: Unveiling the Rising Star Within Alibaba's Vast Empire, and Why Investors Should Be Paying Close Attention

finance.yahoo.com Once a giant in the Chinese technology industry, Alibaba Group (NYSE: BABA) has fallen from grace in recent years. It faced numerous challenges, such as competition and the…

Global cumulative shipments of 5G smartphones crossed 2B in less than five years, a faster adoption rate than 3G or 4G; Apple and Samsung together shipped 1B

counterpointresearch.com Nearly 70% of all 5G shipments came from developed smartphone markets. • Apple and Samsung were the top 5G smartphone brands, shipping over 1 billion 5G smartphones…

Crypto Cashback Programs Mature to Drive Accessibility and Financial Inclusion

cryptonews.com A recent report published by Bitcoin financial services provider Unchained found that 55% of 400 U.S. investors surveyed own Bitcoin. Findings further note that 34% of those…

CBP Seizes 6.5 Tons Of Meth In Eagle Pass, Largest Haul Ever At A Port Of Entry

zerohedge.com CBP Seizes 6.5 Tons Of Meth In Eagle Pass, Largest Haul Ever At A Port Of Entry Authored by Aldgra Fredly via The Epoch Times, U.S. Customs and Border Protection (CBP) said…

Today's Logistics Report: J.B. Hunt Stacks Up Intermodal Trade; Russia Sanctions Falling Short

createsend.com Sales of previously owned homes in the U.S. rose last month at the fastest annual rate since August. (WSJ) A measure of manufacturing activity in the U.S. showed new factory…

China Facing a WikiLeaks-Style Crisis From Hacking Firm’s Data

asiafinancial.com Cybersecurity experts in the United States and nations across in Asia and around the world have been studying a trove of documents from iSoon, a state-linked hacking group…

Evermoon Beta Adds Immutable Passport for Secure P2E Perks

nftplazas.com EverMoon — proudly incubated by Seedify — is set to debut its Open Beta in March 2024, standing out as one of the pioneering MOBAs to leverage Immutable Passport, as per a…

Indonesia's next president Prabowo made big promises on the campaign trail. Can he deliver?

cnbc.com JAKARTA — Indonesia's Defense Minister Prabowo Subianto is set to become the next president in October after voters handed him a strong mandate at the Feb. 14 election. With…

Indonesia's OECD bid enters next stage: 5 things to know

asia.nikkei.com JAKARTA -- Indonesia's aspiration to join the Organisation for Economic Co-operation and Development (OECD) has reached a remarkable step, with the group this week formally…

TSMC's Japan chip venture spurs investment rush

asia.nikkei.com TAIPEI -- Max Lin has headed the international institutional banking division at Taiwan's biggest private bank for years, but only recently has he seen its Japan business…

Uber Looks to Tap Into India’s Scooter and Motorbike Market

pymnts.com Uber reportedly wants to move deeper into India’s two- and three-wheeled vehicle market. Speaking during an event Thursday (Feb. 22) in Bangalore, CEO Dara Khosrowshahi said…

Circle Announces Plans To Phase Out Support for USDC on the Justin Sun-Founded Blockchain Tron

dailyhodl.com Stablecoin issuer Circle is ending support for its US dollar-pegged digital coin on the Tron (TRX) blockchain. Circle says it will stop minting USDC on the Justin…

Pixels' Web3 Gaming Revolution

benzinga.com In an exclusive discussion, Luke Barwikowski, founder of Pixels PIXEL/USD, unveils the company's ambitious plan to revolutionize the Web3 gaming sector. Pixels is certainly…

Grab Users Boost Digital Bank Adoption as Delivery, Ride-Hailing Businesses Recover

pymnts.com Singapore’s Grab reported its first-ever quarterly profit on Thursday (Feb. 22). This, despite a cautious outlook for annual sales as its ridesharing and food delivery…

Stage hand: Live Nation’s Arthur Fogel on why the $40-billion concert business is rockin’

theglobeandmail.com As a high school kid in Ottawa, Arthur Fogel dreamed of a career in the music business. Little did he know that U2 frontman Bono would one day call him “clearly the most…

Zero-carbon energy generated a record 41% of US power in 2023

businessinsider.com Chemical plants and oil refineries in La Marque, Texas. Halbergman/Getty Images US renewable energy, electric vehicle sales, and overall green investments hit records in…

Delivery Hero Suspends Plans to Sell Foodpanda Business

pymnts.com Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had…

Security Concerns and High Transaction Costs Top Obstacles to Mainstream Web3 Adoption: Report

cryptonews.com Web3 is ripe for mainstream adoption but there are still a few challenges that need to be addressed before onboarding next billion users onto the next generation of internet…

Netflix’s live-action Avatar: The Last Airbender is everything fans hoped it would be

vox.com Gordon Cormier stars as Aang in Avatar: The Last Airbender. | Robert Falconer/Netflix The hugely anticipated remake delivers on the drama, charm, and spectacle of the…

US, EU Can’t Meet Climate Goals Without China’s Cheap Green Tech

asiafinancial.com The West will have to choose between cutting China off its supply chains and meeting its climate goals as it faces a highly challenging energy transition, new research has…

Teck Resources fourth-quarter profit beats targets on strong coal sales, copper output

theglobeandmail.com Miner Teck Resources TECK-B-T beat fourth-quarter profit estimates on Thursday, helped by an increase in steelmaking coal sales and record copper production. The company…

Unleash Massive Returns With These 3 Top Penny Stocks

investorplace.com Buy these top penny stocks to increase your portfolio's value Despite a recent decline in the leading economic index, the U.S. economy is positioned for a positive future in…

Eggy Party Launches Globally on February 23 alongside the New Stellar Encounter Season

benzinga.com The Eggies are about to become worldwide sensations, as Eggy Party finally has its global launch in 2024. GUANGZHOU, China, Feb. 22, 2024 /PRNewswire/ -- NetEase Games is…

Meta says not required to pay for Indonesia news content posted voluntarily

aol.com Facebook parent Meta Platforms on Thursday said it understood it was not required to pay for content of news publishers posted voluntarily by users in Indonesia, following a…

Antler’s founder on its vertical AI bet in Southeast Asia

techcrunch.com A growing roster of vertical AI startups is emerging in Southeast Asia to serve sectors ranging from seafood to finance. Singapore-based venture capital firm Antler recently…

I'm backpacking the world while working as an online therapist. I have a steady income, but I'm exhausted

businessinsider.com Carolina Villafuerte has been travelling the world as a digital nomad since December 2022. Carolina Villafuerte Carolina Villafuerte provides online therapy while traveling…

The Crypto Phone Comeback on Bankless

bankless.com Hardware has always been hard. Niche tech devices have struggled at every turn of the market, yet somehow (we know how) Solana has managed to sell out their first device and…

Varaha helps Indian farmers reduce climate-harming practices like burning crop residue and flooding rice fields

techcrunch.com The voluntary carbon offset market will reach $250 billion by 2050 from $2 billion in 2020, according to estimates made by Morgan Stanley. However, awareness of the monetary…

Meituan Prepares For Overseas Voyage With CEO Wang Xing As Captain

benzinga.com Meituan is launching a major restructuring that will place its core local business and new business units under two of its senior vice presidents • Founder and CEO Wang Xing…

US crops under threat from "unsustainable phenomenon"

newsweek.com A lack of potassium in agricultural soils will have severe effects on crops, a new study has found. The study, published in Nature Food, by University College London,…

Netflix, Amazon could face tariffs on digital trade if tax moratorium ends

scmp.com Maybe not for much longer. The WTO meets in Abu Dhabi next week with the latest moratorium set to expire in March. At least three large developing economies are signalling…

Disney’s Top Asia Exec on Bob Iger’s Streaming Pivot and the “Gold Rush” for Korean Content (Exclusive)

hollywoodreporter.com During the short period that Disney+ has been active across the major markets of the Asia-Pacific region — just a little over two years in most countries — the Walt Disney…

Electric vehicles: Chinese robot chargers start-up GGSN eyes investors, international expansion via new Hong Kong facilities

scmp.com It is also seeking to broaden its shareholder base to help fund expansion plans that include a product roll-out in Hong Kong , said Deng, the former director of electric…

1 Growth Stock Down 91% to Buy Right Now

finance.yahoo.com I love it when the stock market as a whole reaches the wrong conclusions about a perfectly healthy business. The buying windows opened up by these mistakes can be launching…

Indonesia and OECD to start accession discussions

asia.nikkei.com TOKYO -- The Organisation for Economic Co-operation and Development announced Tuesday that it will open accession talks with Indonesia. If it joins, Indonesia will be the…

Japan's economic presence in Southeast Asia is not fading away

asia.nikkei.com Guanie Lim is an assistant professor of development studies at the National Graduate Institute for Policy Studies in Tokyo. Is Japan abandoning the race to build…

We Can't Ignore the LNG Freeze's Nat. Security Risk

thehill.com As former national security advisor to President Obama and former supreme allied commander of NATO, I am compelled to call attention to the significant national security…

Get Rich Quick with These 7 Growth Stocks to Buy Now

investorplace.com These stocks will let you know that the bulls are ready to run Stocks have been defying expectations with the S&P 500 index reaching recent all-time highs. The bullish…

Eco Bright Future Meets with Sri Lankan Government Officials to Discuss the Implementation of Blockchain Technology and Tokenization of Real-world Assets

benzinga.com SAN SALVADOR, El Salvador, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Eco Bright Future, Inc. EBFI announces that its subsidiary United Heritage Group, represented by Alexander…

Royal Brunei Airlines Orders Four Boeing 787-9s

onemileatatime.com Royal Brunei Airlines and Boeing have just announced an aircraft order, which is pretty significant when you consider the size of the carrier’s fleet. Royal Brunei has…

Mastercard’s Latest Crypto Loyalty Scheme Aims to Plug Google Pay Gaps

coindesk.com Payments giant Mastercard (MA) is working with Swoo Pay, an emerging markets-focused mobile payments app, to offer loyalty rewards in cryptocurrency and plug the gaps left…

3 U.S. Stocks That Could Take a Hit as Japan Slips Into Recession

investorplace.com These U.S. companies with close Japanese relationships may struggle as Japan’s economy shrinks A shrinking population has finally caught up with Japan’s economy, knocking it…

Singapore-based VC Firm Farquhar Venture Capital Partners With TZ APAC

cryptonews.com Singapore-based early-stage venture capital firm Farquhar VC has partnered with Asia’s leading Tezos blockchain Incubator, TZ APAC, to support new talent in Asia. In an…

Air Canada Says Freight Demand Beginning To Improve

zerohedge.com Air Canada Says Freight Demand Beginning To Improve By Eric Kulisch of FreightWaves Air Canada expects the slow recovery in cargo volume that began in the fourth quarter to…

Chinese driverless AI firm aims to lure global talent to new Hong Kong HQ

scmp.com “Establishing our international headquarters in Hong Kong marks a strategic move in Westwell’s globalisation strategy, and will enable us to better serve international users…

Indonesia EV competition heats up with VinFast and BYD debuts

asia.nikkei.com JAKARTA -- Competition in Indonesia's electric vehicle market is intensifying as Vietnamese automotive manufacturer VinFast and China's BYD enter Southeast Asia's largest…

‘John Wick,’ ‘Hunger Games’ on the Menu as Lionsgate Play Partners With Grameenphone to Expand Bangladesh Presence (EXCLUSIVE)

variety.com Streamer Lionsgate Play has teamed with Grameenphone, a leading telecom services provider in Bangladesh, to expand its presence in the country. Grameenphone, part of…

A friend called her maternity leave a 'holiday.' It made her realize just how much she got wrong about it, too

businessinsider.com Samira Shihab, a founder and mom of three, holding her newborn baby. Samira Shihab Samira Shihab, a founder and a mom of three, says maternity leave is a crucial chapter.…

Alibaba bets on overseas e-commerce unit amid sluggish growth in China

cnbc.com Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. One bright spot in Alibaba's latest earnings…

Lilium partners with PhilJets to bring eVTOLs to Asia, starting with the Philippines

benzinga.com MoU for strategic collaboration to establish high-speed regional air mobility in Southeast Asia • Lilium Jet expected to meet regional transportation challenges of the…

TechTaka raises $9.5M for its e-commerce fulfillment service

techcrunch.com TechTaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $9.5 million (12.6 billion KRW)…

Where Pension-Age People Are (Not) Receiving a Pension

statista.com Data from the World Health Organization reveals where few people of retirement age actually receive a pension. This includes many countries in Africa, the Middle East and…

BTS’ J-Hope Doc ‘Hope On The Street’ Sets Launch Date On Prime Video

deadline.com BTS‘ J-Hope will be launching his docuseries, Hope on the Street, from March 28 on Prime Video, with episodes released weekly every Thursday and Friday. Produced by HYBE and…

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