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Top related persons:
CNBC's JP Ong - 12 Marty Natalegawa - 2 Anwar Ibrahim - 2 Werner Vogels - 1 Vogels - 1 EIU - 1 Jerome Powell - 1 LSEG - 1
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Malaysia Indonesia Asia Singapore Myanmar Jakarta Southeast Asia Philippines
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Getty - 3 ASEAN - 2 Nations - 2 Energy Asia - 2 Amazon Chief - 1 Amazon Web Services - 1 Economist Intelligence Unit - 1 Bank of Japan - 1

Search resuls for: "CNBC's JP Ong"


15 mentions found


☆ Amazon is opening cloud regions in Southeast Asia to meet customer demand, CTO says
  + stars: | 2024-04-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +1 min
Amazon is opening cloud regions in Southeast Asia because customers want their data stored securely in their own countries, Amazon Chief Technology Officer Werner Vogels said in an exclusive interview. They really wanted something local such that they can meet, for example, local data storage requirements, or protection of personal identifiable information," Vogels told CNBC's JP Ong. An AWS region is a physical location where data centers are clustered. Within each AWS region are a minimum of three separate availability zones. "And for them, it's important to have these kinds of technologies on the ground, in [the] country to make sure that they can serve their customers best or their citizens best," said Vogels.
Persons: Werner Vogels, Vogels, CNBC's JP Ong Organizations: Amazon Chief, Amazon Web Services Locations: Southeast Asia
☆ 2024 is the year of the rate cut pivot — here's when the world's central banks will budge
  + stars: | 2024-03-13 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +6 min
EIU also expects the Bank of Japan will exit its negative interest rate policy in the second quarter. Markets currently expect the Fed to start with a 25-basis-point rate cut in June. Euro zoneThe European Central Bank last week also held its policy rate at a record high of 4%, signaling that it won't cut rates before June. JPMorgan said in a research note that the Turkish central bank may cut its policy rate in November and December, keeping its year-end policy rate forecast of 45%. IndonesiaIndonesia's central bank kept its benchmark policy rate at 6% in its recent meeting.
Persons: EIU, Jerome Powell, LSEG, Nomura, Perry Warjiyo, CNBC's JP Ong, BOK, Goldman Sachs, Goohoon Kwon, Kwon Organizations: Getty, Economist Intelligence Unit, Bank of Japan, United, United States U.S, Federal, Fed, European Central Bank, ECB, Swiss National Bank, UBS, Bank of Canada, Bank of, JPMorgan, Reserve Bank of, ANZ, New Zealand Auckland Savings Bank, Bank, Bank Indonesia, BMI, Fitch Solutions, U.S, Oxford Economics, Macquarie Locations: Czech, China, Japan, United States, Switzerland Swiss, Bank of Canada, Turkey, Turkish, Reserve Bank of Australia, New, Indonesia, South Korea, Asia
☆ Southeast Asia's digital economy – from e-commerce to online media – is set to hit $218 billion in 2023, report shows
  + stars: | 2023-11-01 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
The yearly report analyzed the five main sectors of Southeast Asia's digital economy – e-commerce, travel, food and transport, online media and digital financial services. The report also revealed revenue in Southeast Asia's digital economy is expected to hit $100 billion this year, growing 1.7 times as fast as the region's total transaction value. "Southeast Asia's digital economy is really in the midst of an unprecedented pivot towards profitability. Despite investors being pickier, "dry powder" increased to $15.7 billion at the end of 2022, up from $12.4 billion in 2021. "This shows that there is fuel available to propel Southeast Asia's digital economy to the next stage of growth," the report said.
Persons: Carlina, Hoong, Chadha, Fock, CNBC's JP Ong Organizations: Google, Temasek, Bain & Company, Companies Locations: Asia, Southeast, Southeast Asia, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, Myanmar, East Timor, Papua New Guinea
☆ Bumpy, hot and dusty: McLaren's Lando Norris on F1 in Singapore
  + stars: | 2023-09-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBumpy, hot and dusty: McLaren's Lando Norris on F1 in SingaporeSingapore is a "tough tack" to race in, says Lando Norris, McLaren's Formula One driver. He speaks about the challenges of racing in Singapore's street circuit. "street circuits are typically quite bumpy, easy to make mistakes," he tells CNBC's JP Ong ahead of the Singapore Grand Prix.
Persons: McLaren's Lando Norris, Lando Norris, McLaren's, CNBC's JP Ong Organizations: Singapore, Prix Locations: Singapore Singapore
☆ EV investments will have a positive spillover effect for Malaysia, minister says
  + stars: | 2023-09-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEV investments will have a positive spillover effect for Malaysia, minister saysAttracting EV companies "will give spillover effect to the Malaysian companies, the SMEs and Malaysian corporates supplying to this group," Tengku Zafrul Aziz, Malaysia's minister of investment, trade and industry, tells CNBC's JP Ong on the sidelines of the ASEAN summit in Jakarta.
Persons: Tengku Zafrul Aziz, CNBC's JP Ong Organizations: Malaysian, ASEAN Locations: Malaysia, Malaysian, Jakarta
☆ ASEAN is ‘at a loss for ideas’ on how to address Myanmar crisis, says Indonesia's ex-foreign minister
  + stars: | 2023-09-05 | by ( Goh Chiew Tong | ) www.cnbc.com   time to read: +3 min
Myanmar migrant workers hold a portrait of Aung San Suu Kyi during the march to mark International Labor Day in Bangkok, calling for the workers rights and protesting against the Myanmar military government on May 1, 2023. "I get the sense that ASEAN is at a loss for ideas … one can speak with eloquence about one individual member state's wish to happen in Myanmar. "At the moment, I'm reminded more about the divisions rather than the unity … this is not only a litmus test for ASEAN, but in my view is an existential threat to ASEAN," Natalegawa added. Myanmar's military administration, however, has not implemented the peace plan — despite agreeing to it two months after the democratic government was overthrown by the coup. "Some ASEAN member states in dispute feel that they are not being provided a common ASEAN home, so as if they are left on their own devices to deal with this issue," said Natalegawa.
Persons: Aung, Suu Kyi, Marty Natalegawa, CNBC's JP Ong, Marty Natalegawa Indonesia's, Natalegawa, Min Aung Organizations: International Labor, Myanmar, Getty, ASEAN, CNBC, 43rd Association of Southeast, Nations, Suu, Reuters Locations: Myanmar, Suu, Bangkok, Indonesian, Jakarta, South China, Brunei, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam
☆ ASEAN's diversity on Myanmar shouldn't divide the bloc, says ex-Indonesian minister
  + stars: | 2023-09-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailASEAN's diversity on Myanmar shouldn't divide the bloc, says ex-Indonesian ministerIndonesia’s former foreign minister says the situation with Myanmar's civil strife is not only a "litmus test" but also an "existential threat" to ASEAN's unity. Marty Natalegawa speaks to CNBC's JP Ong on the sidelines of the Association of Southeast Asian Nations summit in Jakarta.
Persons: Marty Natalegawa, CNBC's JP Ong Organizations: Association of Southeast, Nations Locations: Myanmar, Jakarta
☆ Singapore's UOB expects 'some upside' to interest income after Fed rate hike
  + stars: | 2023-07-27 | by ( Clement Tan | ) www.cnbc.com   time to read: +1 min
Singapore's United Overseas Bank is expecting "some upside" in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. Its net interest income for the quarter grew 31% from a year ago — boosted by robust net interest margin that expanded 50 basis points to 2.13% on higher interest rates, the Singapore-based lender said in a statement released early Thursday. Net interest margin, a measure of lending profitability for banks, is the difference between interest earned and interest paid. Overnight on Wall Street, the Fed raised interest rates by 25 basis points, taking its benchmark borrowing costs to a target range of 5.25%-5.5% — the highest level in more than 22 years. The midpoint of that target range would be the highest level for the benchmark rate since early 2001.
Persons: Lee Wai Fai, CNBC's JP Ong Organizations: Singapore's United Overseas Bank, U.S . Federal Reserve Locations: Singapore
☆ Asia must reach net zero before the world can do so, says Petronas CEO
  + stars: | 2023-06-28 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +2 min
Petronas sign against the backdrop of the Twin Towers. Goh Seng Chong | Bloomberg | Getty ImagesAsia needs to achieve net zero before the world can do so, according to the CEO of Malaysia's state-owned oil and gas company Petronas. "The bulk of the emissions [that] are expected to emit will be produced in Asia going forward," Tengku Muhammad Taufik told CNBC's JP Ong Tuesday on the sidelines of the Energy Asia in Kuala Lumpur, Malaysia. "The world cannot achieve net zero without Asia achieving net zero," Taufik pointed out during the opening address of summit. Asia will represent half of global GDP by 2040, as well as 40% of global consumption, he added.
Persons: Goh Seng Chong, Tengku Muhammad Taufik, CNBC's JP Ong, Taufik, idealists Organizations: Petronas, Bloomberg, Getty, Energy, International Energy Agency Locations: Asia, Malaysia's, Energy Asia, Kuala Lumpur, Malaysia, Paris
☆ It's 'not realistic' for Malaysia to achieve net-zero energy goals on our own: Prime minister
  + stars: | 2023-06-26 | by ( Jp Ong | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's 'not realistic' for Malaysia to achieve net-zero energy goals on our own: Prime ministerMalaysia's Prime Minister Anwar Ibrahim speaks to CNBC's JP Ong at the Energy Asia conference, and says there has been "a lot of rhetoric" but "no real meaningful action" from developed countries in helping developing nations in their net-zero energy transitions.
Persons: Anwar Ibrahim, CNBC's JP Ong Organizations: Energy Asia Locations: Malaysia
☆ 'Not realistic' for Malaysia to achieve net-zero by itself, says Prime Minister Anwar Ibrahim
  + stars: | 2023-06-26 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
KUALA LUMPUR, Malaysia — Malaysia has ambitious goals to cut its greenhouse gas emissions by 2050 — but the Southeast Asian nation cannot do it alone, said the country's Prime Minister Anwar Ibrahim. "They expect developing countries like Malaysia to do it on our own which is not realistic," Anwar told CNBC's JP Ong at the Energy Asia conference in Kuala Lumpur, Malaysia. In March, the International Renewable Energy Agency forecast that Malaysia will need to double its renewable energy transition investments to at least $375 billion in order to meet its 2050 net-zero emissions goals. Anwar reaffirmed Malaysia's commitment to these goals, but said partners in developed nations "have to understand that the transition takes time and takes investments" and that they have to "play their part." The energy transition has started, has begun."
Persons: —, Anwar Ibrahim, Anwar, CNBC's JP Ong, Malaysia's Organizations: Malaysia —, country's, Energy Asia, International Renewable Energy Agency Locations: KUALA LUMPUR, Malaysia, Malaysia — Malaysia, Kuala Lumpur
☆ From mineral resources to hydropower, Indonesia minister highlights investment opportunities
  + stars: | 2023-06-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom mineral resources to hydropower, Indonesia minister highlights investment opportunitiesIndonesia's Coordinating Minister for Maritime Affairs and Investments Luhut Binsar Pandjaitan tells CNBC's JP Ong why investors should put money into his country, and outlines opportunities from renewable energy to mineral resources such as nickel, copper and cobalt.
Persons: CNBC's JP Ong Organizations: Maritime Affairs, Investments Locations: Indonesia
☆ About 61% of overseas foreign workers from the Philippines are women, says statistics authority
  + stars: | 2023-03-10 | by ( Jp Ong | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbout 61% of overseas foreign workers from the Philippines are women, says statistics authorityOverseas foreign workers from the Philippines are often subjected to long working hours and exploitation. CNBC's JP Ong reports.
☆ We can’t ignore Grab’s huge customer base, says McDonald’s Singapore
  + stars: | 2023-01-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can’t ignore Grab’s huge customer base, says McDonald’s SingaporeBenjamin Boh, managing director of McDonald's Singapore, speaks to CNBC's JP Ong about the growing partnership with Grab, and how the company adapted to the Covid-19 restrictions.
☆ Grab co-founder discusses safety measures in place to protect drivers and customers
  + stars: | 2023-01-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrab co-founder discusses safety measures in place to protect drivers and customersTan Hooi Ling, co-founder of Southeast Asian tech giant Grab, told CNBC's JP Ong that the company is able to track every ride on a 24/7 basis.
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