With the recent announcement that Indonesia’s Bank Jago will go fully digital, the trend of digital banking is on track to open up financial services to populations across the archipelago who have so far struggled to see benefits from traditional banks.
Special purpose acquisition companies (SPACs) have taken the US by storm and now Asia may be looking to replicate this success, with Singapore leading the way.
After years of delay, Cambodia began extracting oil for the first time in December 2020, signaling a new era for the country’s economy.
On December 18, Singapore-based DBS bank launched the first cryptocurrency exchange in the world backed by a traditional bank.
A pilot clinical trial of a new breathalyzer COVID-19 test has shown more than 90% accuracy but it’s a long road ahead to commercial production and widespread use.
Bali’s economic lifeline was severed when the Indonesian government officially closed borders on March 20. Now, after seven months without tourists, the island is struggling to survive.
Thailand experienced one of the worst mass shootings in its history in early 2020. However, with no major push to curb the country’s thriving underground firearms trade, the struggle to tame its violent gun culture continues.