Economic & financial news

Gasoline prices fell Thursday morning to the lowest since Sept. 3, following a tax cut.

Ho Chi Minh City plans to issue municipal and project bonds through Vietnam International Financial Center and expand domestic borrowing to fund major infrastructure and urban development projects.

The Philippines, world's largest rice importer, is sharply increasing direct rice imports from Cambodia as part of efforts to diversify its supply sources.

The U.S. dollar continued its decline against the Vietnamese dong on Thursday morning, hovering around the lowest in 18 months.

Ho Chi Minh City's international financial center should work alongside established regional hubs such as Singapore and Hong Kong to strengthen Asia's financial ecosystem, an international finance expert says.

Vietnam gold prices rose for a fourth consecutive session Thursday morning as the precious metal surged on global markets.

Moody's Ratings has assigned PGBank a B1 long-term deposit rating with a stable outlook, citing its diversified funding base, strong capitalization and improving profitability.

Japan’s second-richest man Masayoshi Son was the only Asian billionaire among the world’s five biggest wealth losers on Wednesday afternoon.

Malaysia-listed IOI Properties plans to launch a Singapore private fund in the coming months while targeting early 2027 for a secondary listing on the Singapore Exchange (SGX), its billionaire CEO said.

Vietnam gold prices rose further on Wednesday afternoon following a 2.4% surge in global bullion rates.

Techcombank CEO Jens Lottner highlighted Vietnam's economic resilience, investment prospects and infrastructure development at the Fortune Southeast Asia 500 Summit 2026, emphasizing the need for long-term capital to sustain growth.

Naruechon Dhumrongpiyawut, CEO of renewable energy company Gunkul Engineering, and Thapanee Techajareonvikul, CEO of retail conglomerate Berli Jucker, have been named to Forbes’ Asia’s Power Businesswomen 2026.

The U.S. dollar fell to a 1.5-year low against the Vietnamese dong on Wednesday morning.

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.

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.