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                Mercedes Ruehl

                Singapore correspondent

                Mercedes Ruehl is the Financial Times' Singapore and Southeast Asia correspondent. She was previously the Asia technology correspondent based in Singapore and Hong Kong and she also led the FT's newsletters and audience engagement team in Asia. Prior to that she spent six years reporting in Australia on business, finance and politics for The Australian Financial Review and The Sydney Morning Herald.
                Email Mercedes Ruehl @mjruehl  on Twitter (link opens in a new browser window)

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                • Wednesday, 27 September, 2023
                  TikTok Inc
                  Indonesian ban on social media transactions deals TikTok major blow

                  Video app can no longer facilitate ecommerce sales on its platform in what had been its largest market

                  3 hours ago
                  Zulkifli Hasan, Indonesia’s minister of trade, said the rules, which apply to all social networks, were to ensure fair competition
                • Tuesday, 26 September, 2023
                  Airbus SE
                  Indonesia vows to sue UK over Airbus corruption probe settlement

                  Jakarta unhappy it was shut out of British share of €3.6bn deal after helping Serious Fraud Office with investigation

                  A Garuda Indonesia Airbus A330
                • Sunday, 24 September, 2023
                  Singapore
                  Singapore banks tighten scrutiny of clients after money-laundering scandal

                  Customers from China in spotlight as waiting times stretch to four months to open accounts

                  A low-angle view of the Monetary Authority of Singapore
                • Friday, 15 September, 2023
                  Cayman Islands
                  Cayman Islands to open Singapore office to lure Asia’s wealthy

                  Caribbean territory lays out ‘red carpet’ to attract hedge funds and family offices from region

                  Downtown Georgetown in the Cayman Islands
                • Wednesday, 13 September, 2023
                  VinFast LLC
                  VinFast says most of its electric vehicles have been sold to a related party

                  Filings underscore limited demand for EVs from Vietnamese start-up that briefly had higher market cap than Ford

                  A woman looks at the dashboard screen of a VinFast car in a showroom in Hanoi, Vietnam
                • Monday, 11 September, 2023
                  US trade
                  US and Vietnam unveil billions in semiconductor and AI deals

                  Biden hails moves to strengthen chip supply chain as countries upgrade ties

                  US president Joe Biden and Vietnam’s president Vo Van Thuong in Hanoi, Vietnam
                • Monday, 11 September, 2023
                  The Big Read
                  Can Singapore hold on to its reputation as Asia’s ‘safe haven’?

                  The city-state has long prospered as a global hub but some question whether the model is still working

                  Montage image of Singapore’s skyline with illustrations representing China’s and the US’s flags
                • Sunday, 10 September, 2023
                  US foreign policy
                  Vietnam and US upgrade relations in move to counter China

                  Biden signs deal between former foes during Hanoi visit in response to Beijing’s assertiveness

                  US president Joe Biden attends a welcoming ceremony hosted Communist party leader Nguyen Phu Trong in Hanoi on Sunday
                • Wednesday, 6 September, 2023
                  TikTok Inc
                  Indonesia threatens to curb TikTok’s shopping platform

                  Minister accuses Chinese-owned viral video app of ‘monopolistic’ business practices

                  TikTok signage
                • Thursday, 31 August, 2023
                  VinFast LLC
                  How a Vietnamese tycoon built a carmaker worth more than General Motors

                  Shares of VinFast have eclipsed those of more established rivals even though it sold just 24,000 cars last year

                  An employee works at the VinFast car factory in Haiphong, Vietnam
                • Wednesday, 23 August, 2023
                  Singapore
                  Singapore seeks documents from banks in money laundering probe

                  Authorities widen $737mn investigation that has cast scrutiny on financial hub’s embrace of foreign wealth

                  Skyscrapers illuminated at dusk in Singapore’s central business district
                • Thursday, 17 August, 2023
                  News in-depthWirecard AG
                  Wirecard’s byzantine fraud grips courts in Munich and Singapore

                  A complex international set-up and an absconded top executive have made going tough for investigators

                  From left: Markus Braun, Jan Marsalek and James Henry O’Sullivan
                • Wednesday, 16 August, 2023
                  VinFast LLC
                  Vietnamese EV maker worth more than Ford or GM after US listing

                  Lossmaking VinFast’s market capitalisation tops $85bn following New York debut

                  A VinFast factory in Haiphong, Vietnam
                • Thursday, 10 August, 2023
                  News in-depthSingapore
                  Singapore’s scandalous summer stokes unease over succession planning

                  Corruption probes tarnish ruling party’s clean reputation as it plots generational transfer of power

                  Office workers walk out for a lunch break at Raffles Place financial business district in Singapore
                • Wednesday, 2 August, 2023
                  Singapore
                  Singapore’s PM defends governance after scandals

                  Lee Hsien Loong admits ruling People’s Action party has ‘taken a hit’ ahead of leadership change

                  Singapore Prime Minister Lee Hsien Loong
                • Tuesday, 1 August, 2023
                  Wirecard AG
                  Wirecard’s auditor EY was too gullible, Singapore suspect claims

                  Asian trustee of German payments firm admits fabricating documents

                  Singaporean Shan Rajaratnam arriving at the State Courts for a Wirecard hearing
                • Tuesday, 25 July, 2023
                  Sovereign wealth funds
                  Singapore’s GIC warns of the end of an era for private equity

                  Sovereign fund says high valuations, lower leverage costs and low interest rates are ‘not coming back any time soon’

                • Thursday, 20 July, 2023
                  Asia-Pacific equities
                  Foreign investors sidestep China in rush into Asian stocks

                  Net inflows into ‘ex-China’ emerging markets exceed those into China for first time since 2017, according to Goldman Sachs data

                • Wednesday, 19 July, 2023
                  OutlookSingapore
                  What Taylor Swift tells us about Singapore vs Hong Kong

                  The rivalry between the two cities has been sharpened by the US singer’s international tour plans

                  Taylor Swift with her back up dancers performing on stage
                • Tuesday, 18 July, 2023
                  Asia-Pacific companies
                  Asian tech rivals pare back ‘superapp’ approach as losses mount

                  Grab and GoTo built big followings across south-east Asia but are now cutting marginal businesses

                  Delivery workers for the Grab and GoTo apps
                • Tuesday, 11 July, 2023
                  Temasek Holdings Pte Ltd
                  Singapore’s Temasek reports worst returns in 7 years

                  Value of state-owned investor’s portfolio slides after ‘the most challenging year for markets over the last decade’

                  Rohit Sipahimalani
                • Sunday, 9 July, 2023
                  Sequoia Capital
                  Sequoia China’s push into Singapore sets up fight against Indian arm

                  Plans to expand into south-east Asia dealmaking from city-state puts it in direct competition with India-based Peak XV

                  Neil Shen
                • Sunday, 9 July, 2023
                  News in-depthIndian business & finance
                  Byju’s taught a lesson by investors unhappy with online learning group

                  Frustration with Indian start-up’s financials leads to backers quitting board and auditor resigning

                  Byju Raveendran
                • Wednesday, 5 July, 2023
                  News in-depthVinFast LLC
                  The carmaker from Vietnam looking to take on Tesla

                  VinFast wants US customers and investors for its EVs but has hit bumps in the road

                  The VinaFast plant in Haiphong: VinFast says the plant is capable of producing a quarter of a million vehicles a year
                • Thursday, 29 June, 2023
                  Utilities
                  Yorkshire Water raises £500mn from shareholders to shore up finances

                  Fundraising comes as UK government discusses nationalisation of Thames Water

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