Big borrower default could wipe out a year of Southeast Asia bank earnings, S&P warns
S&P says loan books remain concentrated enough that a single big default is dangerous.
Asia
ASEAN Islamic finance assets set to top US$1tn in 2026, led by Malaysia and Indonesia
S&P sees ASEAN Islamic finance assets passing US$1 trillion, but growth remains concentrated.
ADB warns US$2.5tn trade‑finance gap to widen as Southeast Asia supply chains realign
ADB says Southeast Asia’s supply‑chain shift is outpacing banks’ ability to fund trade.
Iran conflict forces Asian central banks into sharp policy rethink as oil shock bites
The Iran–Middle East war is forcing Asian central banks to juggle inflation, growth and capital outflows as oil and the dollar surge together.
China to inject US$44bn into state banks to back tech lending and tame financial risks
China will inject US$44 billion into big state banks to steady a debt‑strained system and keep credit flowing to strategic tech firms.
Indomaret supercharges Indonesia retail with app-led omnichannel surge
Indomaret boosts digital sales 20% through integrated app and store network.
CP Axtra gears for 110 new Makro and Lotus’s amid ASEAN retail push
CP Axtra plans 110 Makro Lotus’s stores in Thailand, Malaysia, Philippines.
Reliance-backed Fynd storms Indonesia with AI retail suite for fashion brands
Fynd launches AI commerce tools in Indonesia, partners APGAI for garment sector.
YY Group Malaysia scales retail promoters fivefold to chase US$14 million revenue
YY Circle Malaysia grows promoters from 120 to 600, targeting $14M 2026 sales.
Prabowo government fast-tracks 66 remote hospitals across Indonesia by end-2026
Prabowo targets 66 hospitals in remote Indonesia by 2026, 500 more nationwide.
