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Sun PhuQuoc Airways to receive air transport license
Deputy Prime Minister Tran Hong Ha on June 11 approved the Ministry of Construction's proposal to grant an air transport business license to the Sun PhuQuoc Airways Co. Ltd.
3 stores of pork seller C.P. Vietnam fined $4,000 for food safety lapses
Jetstar Asia closure: 4 key things travelers need to know
Jetstar Asia’s 500 Singapore-based staff to get 4 weeks' salary per year of service as airline shuts down
Over 500 Jetstar Asia staff set to lose their jobs due to the Singapore-based carrier’s closure will receive a redundancy payment of four weeks’ salary for each year they have worked there.
June 11, 2025 | 01:02 am PT
Ong Beng Seng, Singapore-based Malaysian F1 tycoon, to plead guilty in corruption case involving ex-minister
Singapore-based Malaysian billionaire Ong Beng Seng, who is credited with bringing Formula One to Singapore, is scheduled to plead guilty on July 3 in a high-profile corruption case involving former transport minister S. Iswaran.
June 10, 2025 | 08:19 pm PT
Qantas to close Singapore-based budget airline Jetstar Asia, citing Changi Airport fee hike
Australian airline Qantas announced Wednesday it will shut down its loss-making budget carrier Jetstar Asia on July 31, citing rising operational costs, higher Changi Airport fees, and intense regional competition.
June 10, 2025 | 07:15 pm PT
Starbucks to lower prices in China as competition heats up
Starbucks China will lower the prices of some of its iced drinks by an average of 5 yuan ($0.70) across the country, the company announced on Monday, as competition intensifies and consumers become more cautious about spending.
June 10, 2025 | 12:58 am PT
EV maker VinFast’s revenue surges by nearly 150% in Q1
Vietnamese electric vehicle (EV) manufacturer VinFast's revenue soared by nearly 150% year-on-year to VND16.306 trillion (US$656.5 million) for the first quarter of 2025.
June 10, 2025 | 12:58 am PT
Vietnam’s richest man Pham Nhat Vuong gifts automaker VinFast nearly $800M
Billionaire Pham Nhat Vuong, chairman of private conglomerate Vingroup and Vietnam’s richest man, has gifted automaker VinFast VND20.5 trillion (US$790 million) between November and May.
June 9, 2025 | 06:01 pm PT
Singapore billionaire Kwek family’s CDL shares rise after sale of $2.1B South Beach complex to Malaysian firm to cut debt
City Developments’ share price rose 8.5% to close last week at S$5.25 (US$4.08) on the developer’s announcement that it is selling a landmark office complex in Singapore to reduce debt and restore investor confidence after a family feud.
June 9, 2025 | 12:28 am PT
Former FLC chairman Trinh Van Quyet fully pays $96M to compensate stock fraud victims
Trinh Van Quyet, the former chairman of property developer FLC who has been charged with stock manipulation, has submitted in full the VND2.5 trillion (US$96 million) required to compensate the victims of his crime.
June 7, 2025 | 07:49 pm PT
Hong Kong’s King Parrot Group closes 9 restaurants amid claims of nearly $130K in unpaid wages
Hong Kong’s popular restaurant operator King Parrot Group has closed nine eateries, reportedly owing staff more than HKD1 million (US$127,000), having scaled down its operations in recent years.
June 7, 2025 | 07:44 pm PT
H&M's founding Persson family quietly boosts ownership, fueling speculation over privatization
Swedish fashion retail giant Hennes & Mauritz AB is gradually shifting toward private ownership as its founding family ramps up acquisition of shares over the last nine years.
June 7, 2025 | 04:19 pm PT
Causeway Link’s Lim Han Weng: how a car salesman becomes one of Malaysia’s 50 richest
Lim Han Weng, the founder of bus operator Causeway Link, started out as a humble car salesman but eventually became one of 50 richest people in Malaysia with a net worth of US$480 million.
June 5, 2025 | 08:27 pm PT
Grab to launch taxi service GrabCab in Singapore next month
GrabCab, a company controlled by Grab, is set to become the sixth taxi operator in Singapore next month with a fleet of 40 cars.
June 5, 2025 | 02:30 pm PT
Former German vice chancellor in Vietjet board of directors
Philipp Rösler, former vice chancellor of Germany, has been named a director of budget airline Vietjet.
June 4, 2025 | 07:43 pm PT
How a maker of stun guns becomes US’ highest paid CEO
Rick Smith has become the highest-paid CEO in the U.S. thanks to last year’s US$165 million income from his stun gun manufacturing company Axon, which he founded after the tragic death of two friends.
June 3, 2025 | 09:19 pm PT
Philippines orders Malaysia’s AirAsia to shut down website over excessive pricing
The Philippine government has ordered AirAsia’s online platform, AirAsia Move, to stop selling tickets in the country after it was found to be charging excessive fares.
June 3, 2025 | 03:11 pm PT
C.P. Vietnam admits diseased pork in viral image came from its site, denies sale
An image on social media showing diseased pigs was taken at one of its slaughterhouses, but it was never intended for human consumption, Thai-owned C.P. Vietnam Corp has said.
June 3, 2025 | 12:23 am PT
Nearly 2,000 formaldehyde-tainted Baby Three dolls destroyed in northern Vietnam
Authorities in the northern province of Quang Ninh have destroyed 1,914 Baby Three dolls found to contain formaldehyde levels exceeding permissible limits, posing health risks, and of unclear origin.
June 2, 2025 | 04:41 am PT
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