Economic & financial news

Indonesia will not export electricity to Singapore unless the two countries agree on a suitable price, an official has said, casting doubt on plans to supply up to 3.4 gigawatts of low-carbon electricity to the city-state.

Lanny Budiati, president director of BCA Digital, a subsidiary of Bank Central Asia, which is controlled by the billionaire Hartono family, has been named to Forbes Asia's Power Businesswomen 2026 list.

IOI Properties Group, controlled by Malaysian billionaire Lee Yeow Seng, has launched an initial public offering for its property trust, seeking to raise about RM2.1 billion ‌(US$515.7 million).

Air travel in Vietnam will grow at twice the global average, meaning the country will need to add 1,000 aircraft to its fleet over the next two decades, according to a recent forecast by Airbus.

Vietnam's gold prices rose on Wednesday morning amid an increase in global bullion rates.

FDI inflows and supply chain diversification continue to create opportunities for Việt Nam.

Following the fresh adjustment, E5RON92 gasoline is now sold at VNĐ23,203 (US$0.89) per liter, down VNĐ1,020 per liter from the previous adjustment, and VNĐ28 per liter below E10RON95-III, which is set at VNĐ23,231 per liter.

Đồng Tháp Province is expanding the national One Commune – One Product (OCOP) programme by linking local agricultural products with rural tourism and traditional craft villages and strengthening ties between producers, processors, and sellers.

While the proposed gold certificates could help mobilise domestic financial resources, it requires careful policy design.

The figure comprises newly registered capital, additional investment by existing projects, and capital contributions and share purchases by foreign investors.

Malaysian durian farmers are facing uncertainty as changing weather conditions, compounded by worsened haze, have affected flowering and fruit development ahead of the minor season in December-February.

The Johor-Singapore Special Economic Zone has attracted RM88.83 billion (US$21.8 billion) in approved investments under the Malaysian Investment Development Authority.

A former employee of Kim Lim, Singaporean billionaire Peter Lim's daughter, received 22 months' jail for stealing the socialite's valuables, including a Patek Philippe watch and Dior and Louis Vuitton perfumes, among other crimes.

Vietnamese businesses need to improve data transparency and adopt a more collaborative approach to working with overseas partners to integrate more deeply into global value chains.

Deputy Prime Minister Hồ Quốc Dũng said Decree No. 101 aims to promote technology transfer while strengthening state management through lists of technologies encouraged, restricted or prohibited from transfer.

UEB Vice Rector Nguyễn Thị Hồng Thúy said the global financial system is undergoing profound transformation, with fintech, artificial intelligence (AI), big data, cloud computing, digital assets and open finance reshaping the delivery and supervision of financial services.

Deputy PM Phạm Gia Túc called for timely handling of trade and tariff issues and effective solutions to address trade deficit. He also asked the drafting agency to continue reviewing the scope, title and content of the draft to ensure a balanced approach to trade governance that takes into account…

The project will be rolled out in Kỳ Sơn, Tân Hòa, Thống Nhất and Thung Nai communes and wards, with an estimated implementation period of six years from the loan agreement's effective date, during 2028–2034.

Việt Nam is calling on international investors to move beyond traditional manufacturing and help develop a new generation of high-value industries, including artificial intelligence, semiconductors, research and development, green energy and financial services.

By 2030, the industry targets average annual growth of at least 10 per cent in paper and pulp production, while export turnover is expected to increase by at least 4 per cent annually.