Southeast Asia markets are poised for a comeback with valuations at ‘bargain basement,’ Maybank says

Southeast Asia markets are poised for a comeback with valuations at ‘bargain basement,’ Maybank says

A woman (R) adjusts the Philippines flag before the 51st Association of Southeast Asian Nations (ASEAN)- Republic of Korea Ministerial Meeting in Singapore on August 3, 2018. Mohd Rasfan | Afp | Getty Images Southeast Asia markets could see a turnaround in 2024 on the back of cheap valuations and potentially high economic growth, after … Read more

SAP to pay more than $220 million to settle bribery charges: DOJ & SEC

SAP to pay more than 0 million to settle bribery charges: DOJ & SEC

Christian Klein, CEO of the software company SAP, stands on the podium looking at his cell phone before the start of the company’s Annual General Meeting. Uwe Anspach | Picture Alliance | Getty Images SAP, the $192 billion German enterprise tech company, will pay more than $220 million to settle investigations into worldwide “recidivist” foreign … Read more

Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts … Read more

Economy, Gaza war and China ties dominate

Economy, Gaza war and China ties dominate

Presidential candidates Anies Baswedan, Prabowo Subianto, and Ganjar Pranowo, along with their vice presidential candidates, are posing for photos after the first presidential candidate debate at the General Election Commission (KPU) office in Jakarta, Indonesia, on December 12, 2023. Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period … Read more

Where to travel in 2024? Here are five spots to avoid crowds

Where to travel in 2024? Here are five spots to avoid crowds

Tired of the usual sights or craving a break from the travel herd? These five travel spots may be the getaway you’re looking for. Adventure travel company Intrepid Travel’s new “Not Hot” list is out — spotlighting overlooked travel spots around the world. The company’s annual list attempts to combat overtourism by helping travelers “beat … Read more

Eleven climbers killed as Marapi volcano erupts in Indonesia

Eleven climbers killed as Marapi volcano erupts in Indonesia

Eleven climbers have been found dead in Indonesia following the eruption of the Marapi volcano in West Sumatra, a rescue official says, as a search to find 12 more missing was temporarily halted over safety concerns. Three survivors were found on Monday along with the bodies of the 11 climbers, who were among 75 people … Read more