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Bangkok Declares Flood Disaster After Worst Rains in Years
Bangkok declared a flood disaster after severe rains inundated neighborhoods, as SCMP rounded up seven key Asia stories from the week.
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Asian investors now demand AI revenue proof, not just tech exposure, BofA finds
Asian institutional investors now demand demonstrable revenue impact from AI investments, moving beyond technology exposure as the sector matures.
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Air conditioning demand in Asia's heatwaves risks collapsing power grids when people need cooling most
Surging air-conditioning demand is overwhelming Asia's electricity grids during record heatwaves, creating a dangerous feedback loop where cooling fails wh
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Singapore's ministers get $3.6 million salary, reigniting pay debate across Asia
Singapore's PM earns S$3.6M annually. Compare ministerial pay across Asia and the reasoning behind regional salary differences.
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Asian philanthropy set to hit $1.5 trillion over next decade, report shows
Commission on Asian Philanthropy projects $1.5 trillion in charitable giving across Asia over the coming decade, with Hong Kong emerging as a …
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Hong Kong on brink of becoming world's top financial centre, says index architect
Hong Kong approaches top ranking among global financial centers, trailing New York and London by narrow margins. GFCI index shows structural shift …
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JPMorgan sees Hong Kong's wealth management role unshaken by Beijing's investment curbs
JPMorgan exec says Beijing's cross-border investment restrictions won't undermine Hong Kong's role as a wealth management center for high-net-worth clients
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Malaysian PM Anwar Ibrahim's coalition faces major election defeat
Key Asia updates: Malaysian crypto event drops Ms Pui Yi, Lee Kuan Yew's home repurposed, and Anwar faces political setbacks.
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Jardine Foundation Ends 44-Year Scholarship Program for Oxford, Cambridge
Jardine Foundation discontinues its 44-year scholarship for Oxford and Cambridge, shifting focus to Asian universities. Last cohort in 2026.
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Indonesia plans financial hub to compete with Singapore and Hong Kong
Indonesia plans a financial center to compete with Singapore, facing challenges in attracting global investors and ensuring regulatory reforms.
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Asia's Warming Rate Nearly Doubles, 2025 Among Hottest Years on Record
Asia's warming rate is nearly double since 1991, with 2025 among the hottest years, as reported by the UN's WMO. Extreme weather …
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Hong Kong Achieves Highest Global Competitiveness Ranking in Seven Years
Hong Kong achieves its highest global competitiveness ranking in 7 years, securing No. 2 spot in IMD's report, trailing only Singapore.