Daily Debrief: What Happened Today (Dec 12)

Stories you might have missed

Legal pressures in Vietnam may push Temu to mull a pivot, compete directly with Shopee

TEMU may have to include more Vietnam-registered businesses instead of relying only on a direct-from-China supply chain.

Indonesia’s billionaire boom: record wealth, new entrants and rising fortunes

HARTONO brothers lead with US$50.3 billion, followed by petrochemicals and energy tycoon Prajogo Pangestu, coal magnate Low Tuck Kwong, the Widjaja family of the Sinar Mas Group, and Anthoni Salim.

Malaysia launches national AI office to boost adoption and attract investments

THE country is looking to speed up its digital economy development, which currently contributes around 23 per cent of Malaysia’s gross domestic product, to become a regional hub for AI development.

ESR inks largest syndicated sustainability-linked loan for US$2.5 billion

THIS brings such loans taken out by the group to 11 for close to US$7 billion in total.

IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets

THE two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries.