Construction site of the Sun Group-invested expansion project for Phu Quoc International Airport.

Vietnam’s island megaproject races towards Apec deadline, but demand test looms

Mark Lee, chairman of the Singapore Business Federation (left, standing) at the Singapore-Indonesia Leaders’ Retreat on Jul 6.
Singapore is ranked as the world’s most expensive city for cars and placed third globally for residential property, according to Julius Baer.
Two-thirds of the funding will go towards cross-cutting capabilities in autonomy and digital twins, while the remainder will be used to deepen capabilities in the air, sea and land transport sectors.

Trump says he expects to host China’s Xi in US around Sep 24

The era in which China could dominate the global infrastructure agenda with limited competition is coming to an end.

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Frozen geese hang in a cold storage room at foie gras producer Minghe Ecological Breeding Technology Co.
A view of Earth, partially hidden behind the Moon, captured through the Orion spacecraft window.
Pardoo Wagyu found Bruce Cheung.

Singapore

Many startups rely on share-based remuneration to attract skilled employees, and a tax framework review would “ensure Singapore remains a competitive location for talent”, says the ESR committee.

ESR review of startup share scheme taxes should address employee liquidity challenge: observers 

Singapore’s core inflation held steady at 1.4% in May, below economists’ median expectation of 1.6%.
At present, ETFs constituted in foreign jurisdictions may need to undergo a prolonged process of regulatory scrutiny when cross-listing in Singapore.

The Leadership Playbook

Ben King, Google’s managing director for Singapore, says the company wants to “be part of the fabric of how a country moves forward”.
Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”
Dell brings more than just the traditional IT hardware for customers, says Andy Sim, vice-president and managing director of Dell Technologies Singapore.
Geothermal energy is cleaner than fossil fuels, and more reliable than solar or wind power. But this subterranean source is not easy to unlock.
BRUNCH

Amid global energy pressures, South-east Asia seeks to unlock geothermal power’s promise

Asean

The financial-centre plan is the latest effort by President Prabowo Subianto to draw in capital for an increasingly ambitious state-led economic agenda in the country.

Indonesia mulls 0% income tax to draw money to new financial hub

A street in downtown Yangon. The tourism push is an early test of whether Myanmar can persuade visitors and investors that parts of the country are once again open for business.

Myanmar bets on ancient temples, Buddhist pilgrimage sites to boost tourism

An anti-graft court ordered Senator Marcoleta’s arrest after the Ombudsman’s office accused him of accepting 75 million pesos (US$1.2 million) from private donors.

Philippine anti-graft court orders arrest of Duterte ally ahead of impeachment trial

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