Typhoon Yagi hits northern Vietnam hard; Thailand needs quick economy remedy

This week in Asean: 

• Malaysia: 99 Speed Mart shines in the country’s biggest IPO in 7 years
• Thailand: Household debt hits record high at 90.8 per cent of GDP
• Vietnam: VNG appoints new acting general manager after police raid
• Indonesia: Government efforts to retire coal-fired power plants encounter resistance

Dear BT reader,

This week, northern Vietnam was severely impacted by Typhoon Yagi, Asia’s most powerful storm this year, with the death toll rising to at least 179 people after it tore through China’s island of Hainan and the Philippines.