Markets, business, and economic intelligence for Southeast Asia
SOUTHEAST ASIA EDITION
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With fewer people left alive who remember World War Two firsthand, educators in Japan are turning to an unlikely tool to keep the memory alive, having schoolchildren recreate the prewar streets of Tokyo's Bunkyo ward in Minecraft before it was destroyed in the Great Tokyo Air Raid of 1945.
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Google has set up its first formal country office in Pakistan, framing the move as support for the country's IT export ambitions. Industry watchers see a different motive, a tech giant positioning itself early in a digital market that is still small today but growing fast.
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Two recent opinion polls show President Prabowo Subianto's approval ratings falling, according to a Nikkei Asia report, with one survey finding Indonesia's West Java governor now significantly more popular than the president. The slide is being tied to a sluggish economy and strained flagship programs, with the 2029 election still years away but already casting a shadow.
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Votee AI, led by founder and chief executive Pak Sun Ting, is building large language models tuned specifically for Cantonese, a language spoken by more than 80 million people that most AI labs have treated as an afterthought behind English and Mandarin.
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Katsuya Nakanishi, chief of Mitsubishi Corp, argues that a more volatile world does not just threaten his sprawling trading house, it plays to what it does best. He points to scenario planning, a renewed push into AI driven analysis, and a record profit target as evidence the strategy is working.
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A new Deloitte forecast projects Asia Pacific's financial services industry will generate 4.8 trillion dollars in economic value by 2035, overtaking the United States, with China expected to lead the region on both scale and innovation as its economy and household wealth keep expanding.
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The Stock Exchange of Thailand and the Singapore Exchange are each moving to pull more technology companies onto their boards, with SET easing its IPO requirements and SGX leaning on its Nasdaq partnership, as both exchanges compete for a share of the capital flowing into Asia on the back of the AI boom.
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Beijing has begun restricting or delaying shipments of germanium based materials, quartz based materials, and certain magnets bound for Taiwan, according to a Nikkei Asia report, tightening the flow of inputs that Taiwan's optical and aerospace industries depend on.
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SK Hynix is putting real money behind its own stock, unveiling a 40 trillion won buyback program worth about $28.6 billion and lifting its shareholder return target past half of free cash flow. The move follows a record quarter and signals confidence that the AI driven memory boom has room to run.
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Hanoi wants to turn Bac Ninh, the province where Samsung builds much of its phone empire, and Quang Ninh, home of Ha Long Bay, into centrally governed cities. It is a bureaucratic reshuffle with a clear commercial goal, keeping foreign investment and growth pouring into two of the country's most productive corners.
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Bank Indonesia is extending its domestic payment network into credit cards through a system called Kartu Kredit Indonesia, working with local banks to keep transactions onshore. It is a quiet but pointed move to loosen the grip of the American card giants on Southeast Asia's largest economy.
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Holdings of short-term corporate debt at Japanese firms have doubled in two years to a 17-year high. It is a small, technical shift with a large meaning, the return of active cash management to a country that spent a generation with no reason to bother.
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Citigroup and JPMorgan are joining Japan to co-finance 4.61 billion dollars of gas-fired power plants in Pennsylvania and Texas. It is the first time American banks have taken part in Tokyo's vast investment pledge to the United States, and it shows where Japanese capital is being steered.
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In his state of the nation address, President Prabowo Subianto reached for 6 percent growth in 2027, pledged a smaller budget deficit, and set a revenue target of 3,426 trillion rupiah. The three goals pull against each other, and how Jakarta reconciles them will shape the economy every South East Money reader operates in.
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CK Hutchison and CK Asset delivered strong first-half earnings even as the geopolitics of a blocked global ports sale hung over them. The Hong Kong group says it was robbed of its Panama assets, and it is now sitting on cash it wants to spend, a study in how a family conglomerate operates between Washington and Beijing.
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China's most valuable company grew second-quarter sales 11 percent to 204.8 billion yuan, ahead of forecasts, and the reason is exactly the one the market has been demanding proof of. Tencent is turning artificial intelligence into advertising revenue faster than expected, and that has implications well beyond China.
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Shares in Sunrise Energy Metals jumped 20 percent after the Australian developer landed on a list of critical mineral projects in line for United States support. The metal is obscure, but the logic is now familiar, and it is reshaping supply chains that run straight through Asia.
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South Korea has become the world's second-largest beauty exporter without most of its hit products carrying a Korean brand name. The engine is a set of contract manufacturers, led by names like Kolmar and Cosmax, that play the same role in cosmetics that TSMC plays in chips, and the model holds lessons for Southeast Asia.
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Shares in the Australian software maker surged about 33 percent after sales growth reassured investors that artificial intelligence is a tailwind for the company rather than the force that unravels it. The rally is a data point in the market's larger argument about whether AI will make software firms or break them.
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Squeezed by a saturated consumer electronics market, a growing set of Taiwanese component makers is chasing growth in satellites, space computers, and optics. It is a bet that the island's manufacturing muscle can be redeployed above the atmosphere, and it carries a strategic edge that pure commerce does not explain.
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A net profit of 3.7 billion yen is a thin result, but it is Nissan's first quarterly profit in two years and enough for the carmaker to keep its promise of a full-year return to the black. For a company deep in restructuring, the number matters less than the direction, and Southeast Asia is watching closely.
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A busy stretch for the region pairs Thailand's diplomatic push into Jakarta with a wave of bank and carmaker earnings, a closely watched moment for Indonesia's central bank, a near billion dollar Indian hospital listing, and the start of Taiwan's largest annual war games.
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The Jardine Matheson property arm is paying about 900 million dollars for Wheelock Place, using a new Singapore fund backed by Qatar's sovereign wealth to plant its flag on the city's most famous shopping street. It is the clearest sign yet that global capital still sees Singapore commercial property as a place to park serious money.
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The Trump administration floated banning Chinese open-weight AI models, and Nvidia and its Silicon Valley peers objected before Beijing even did. Their argument is not sentiment. American developers have quietly come to depend on those models, and cutting them off would hit US growth and chip demand at a nervous moment.
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At Global Partners, young Japanese workers start the day screaming sales targets in a circle, welcome being scolded, and call the office culture a cure for the quiet disengagement spreading through their generation. The backlash is loud, but the experiment says something real about work across Asia.
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Kenshiro Mori built the online school Schoo into a library of more than 9,000 lessons. Now he has planted a second company in Fukuoka, wagering that lifelong learning can keep talent and money in Japan's regions rather than draining them toward Tokyo. It is a template worth watching from Southeast Asia.
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Bain Capital has realized roughly 17 billion dollars from unwinding its position in Kioxia, the memory chipmaker it carved out of Toshiba in 2018. By Nikkei's reckoning it is the largest private equity return ever booked in Japan, and it is a signal to every fund eyeing Asian carve-outs.
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Japan's parliament has approved a plan to build a backup seat of government outside Tokyo, with Osaka the clear front-runner. The move is part disaster insurance and part economic rebalancing, and it carries lessons for every Asian economy that has let a single mega city swallow its growth.
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Trump administration officials have signaled they may move against a cluster of Chinese AI startups, with Moonshot named first, accusing them of lifting intellectual property from American laboratories. The warning lands just as buyers across Southeast Asia had begun treating cheaper Chinese systems as a serious option, and it forces an uncomfortable choice between price and provenance.
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Cathay Pacific expects its first-half profit to jump as much as 75 percent while China's three state carriers stare down a combined loss of well over a billion dollars. Both are flying through the same fuel spike and the same conflict, which makes the split a lesson in geography and route maps rather than luck.
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The scandal that wiped more than a third off the value of Vietnam's biggest jeweler is not really about smuggled stones. It is about the piece of paper that tells a buyer a diamond is what the seller claims, and what happens to a market when that paper stops being trusted.
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Japan's long-term bond yields fell sharply and the yen firmed after Finance Minister Satsuki Katayama hinted the world's largest pension fund might tilt back toward home. The GPIF has not bought a single extra bond, and that is exactly what makes traders across Asia uneasy.
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Kimi K3, the 2.8 trillion parameter model Moonshot AI released this month, trades blows with the best American systems on several benchmarks while costing roughly half as much to run per task. For companies across Southeast Asia that have been priced out of frontier AI, the arithmetic just changed.
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The GXS digital banking group, backed by Grab and Singtel, cut its loss in 2025 by leaning into loans for small companies, with corporate credit now making up more than 40 percent of a book that was once almost entirely retail.
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At the Nikkei Asia Forum in Bangkok, executives from China's Didi Global, Japan's Toyota, and Thailand's SCG argued that energy security worries are strengthening, not weakening, the case for moving transport away from oil.
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Hanoi is looking well beyond its own banks to bankroll roughly 1.5 trillion dollars of roads, airports, and a new financial center, betting that foreign capital can carry the country to high income status by 2045.
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The tech entrepreneur behind Stankevicius Group says he wants to buy up small, active applications across gaming and social networking in Asia Pacific, China, and Japan, while the firm's corporate site points to work on a platform it describes as a Palantir 2.0.
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Gold has behaved in an unexpected way during the latest flare-up in the Middle East. Rather than surging on the escalation, bullion traded below $4,100 an ounce this week after falling for a second s…
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