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Nadiem Makarim, a co-founder of tech giant Gojek and former education minister, has been found guilty of some charges in a corruption case by an Indonesian court and sentenced to ten years in prison. Makarim, aged 41, has contested the charges, declaring that…
A concerning vulnerability was recently exposed in Meta’s AI support chatbot due to an Instagram hack. The attackers manipulated the chatbot into providing access to high-profile accounts, including the inactive Obama White House page, beauty retailer…
As the conflict in the Middle East escalates, DBS, a Singapore-based bank, is observing a significant rise in safe haven flows, leading to an increase in deposit growth. However, this development could also lead to a downward trend in Singapore’s interest…
UBS, a major global bank, has recently found itself facing penalties from Hong Kong’s Securities and Futures Commission (SFC). The bank has been fined HK$8 million ($1 million) due to misclassification of its clients under the professional investor regime,…
Thailand’s Cafe Amazon seems prepared to bow out from the local market after a half-decade attempt to square up with local coffee chains. At the forefront of this decision is Central Plaza Hotel Public Company Limited (Centel), who will be stepping away from…
IT recruitment firm TopDev has secured a million-dollar investment from South Korea’s leading recruitment company Saramin HR. The Ho Chi Minh City-based company said in a statement Monday that the deal, whose exact value it did not reveal, would be used to…
Korean grocery delivery service Kurly has closed an upsized Series D round that hit US$113 million. The round was announced last April at $88 million, but has since attracted an additional $25 million funding from China’s Hillhouse Capital. Kurly delivers all…
At over VND3 trillion ($129.21 million), foreign buying in the local bourses from February 1-25 is three times the January figure. Foreign investment since the beginning of the year has been worth over VND4.3 trillion ($185.16 million). They have been…
Vietcombank, Vietnam’s largest bank by market cap, has received permission from the securities watchdog to sell a 3 percent stake to foreign investors. The green light from the State Securities Commission (SSC) will allow the lender to make a private…
Attractive prices and returns have seen the number of Chinese customers buying high-end apartments in HCMC soar this year. Duong Thuy Dung, senior director of real estate market research firm CBRE Vietnam, said at a recent forum that 31 percent of high-end…
Investors buy a high percentage of high-end residence purchases in Vietnam, while occupiers take most of the low-end ones. A recent report by real estate market research firm Savills Vietnam, Vietnam Residential Spotlight, says over 70 percent of grade A…
Clean cosmetics brand Kosas has in the space of a year grown from the best-kept secret of beauty industry insiders to a buzzy makeup line with rapidly growing sales. Founder Sheena Yaitanes says two recent investors deserve much of the credit: Man Repeller…
Japan’s Softbank has reportedly selected the banks that will serve as lead underwriters for the IPO of its domestic mobile business. The operator has picked banks including Nomura Holdings, Mizuho Financial, Sumitomo Mitsui Financial, Goldman Sachs and…
South Korea has taken over Singapore to become Vietnam’s biggest foreign investor in the first quarter, with investment totaling $3.74 billion, or 48.6 percent of the total foreign direct investment (FDI) pledged for the period, the Vietnamese government said…
Over the past few years South Korea has invested billions of dollars in the real estate market in the United States. The country has always been a major investor but just recently the diversity and stability of the US market has made it increasingly…
Hong Kong based on-demand delivery app Lalamove has successfully secured USD 10 million with the help of a new Thai investor, along with the company’s existing investors. Thai financial and investment services company, Asia Plus Group Holdings has invested in…
