Kasikornbank has taken a 9.99% stake in Bank Maspion Indonesia for US$20 million to help strengthen its regional presence, the bank said on Monday. The price paid was 615 rupiah (S$0.06) per share, nearly 62% premium to the stock’s closing price on Friday. The shares traded over 2% higher on Monday. “Bank Maspion is the […]
Read MoreJAKARTA – Thousands of ATMs and electronic card payment machines in Indonesia went offline over the weekend, and it might take two more weeks before full service is restored, after an outage from a satellite belonging to state-controlled telcom giant PT Telekomunikasi Indonesia (Telkom). Around 15,000 ground sites across Indonesia were affected by the problem […]
Read MoreHANOI – Vietnam received an estimated US$10.3 billion in foreign direct investment (FDI) inflows in January-August, up 5.1% from the same period in 2016, the government said on Monday. Pledges of new FDI during the eight-month period rose an estimated 37.4% from a year earlier, to $13.45 billion, while additional funds to existing projects up […]
Read MoreThe next industrial revolution will introduce “smart factories” in which computers and robotics communicating wirelessly will handle physical processes with very little input from human operators, leaving few job opportunities for unskilled workers, executives of German industrial giants said during a briefing in Phnom Penh on Friday. The event, titled “Industry 4.0, the Next Level […]
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Thailand
