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NEW YORK -- China saw the world's biggest outflow of high-net-worth individuals last year and is expected to see a record exodus of 15,200 in 2024, dealing a further blow to its economy, a new report says.
SINGAPORE -- Singapore-based commodity firms as well as energy companies from Thailand and Indonesia were among Southeast Asia's largest companies by revenue, according to a first regional edition of the Fortune 500 List, released on Tuesday.
Data from the Korea Tourism Organisation shows 119,000 Thai tourists visited South Korea from January to April, a 21.1 per cent decrease compared to the same period last year. In contrast, the overall number of foreign tourists increased 86.9 per cent during the same period, according to Yonhap News Agency.
TOKYO -- Singapore-based Philippine chain Hotel101 is planning to launch one of its first overseas facilities at the northern Japanese ski resort of Niseko based on a model of fast-food-style standardization, its global CEO told Nikkei Asia.
Malaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial intelligence.
At a time when global house prices are rebounding, the luxury market in Manila is going gangbusters. According to a Knight Frank index of prime residential prices in 100 cities across the world, the Philippine capital recorded the fastest growth last year. Prices grew a staggering 26.3 per cent, even outpacing Dubai. Manila also held the top spot in the first quarter of this year.
Tens of thousands of Muslim minority Rohingya are feared to be caught in fighting in western Myanmar, as a powerful armed ethnic group bears down on junta positions in a coastal town on the country's border with Bangladesh.
Sie Choo Yong, whose age was confirmed by family members, was filmed working in Lean Seng Lee Trading at the Beauty World Centre in Upper Bukit Timah.