Daily brief
Thailand has scrapped a 25-year-old agreement with Cambodia on joint energy exploration, while a cost tsunami hits the country as energy shocks ripple through key sectors. Airlines have cut 2 million seats as a jet fuel crisis disrupts Asia routes, and AOT plans about THB80 billion investment to expand airport capacity.
Bangladesh is drilling deep in search of gas reserves, as securing Asean energy security remains a key concern.
Singapore uses AI to fight financial scams, while Grab expects another strong year ahead despite headwinds.
Citi reaffirms long-term commitment in talks with Vietnam's new government, and BioNTech will close sites in Germany and Singapore affecting 1,860 staff.
Indonesia's 5.61% Q1 growth hides weak fundamentals, economists warn, as China mines rare earths in Myanmar.