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Malaysia: Cheaper cross-border money transfers

PETALING JAYA: MoneyMatch Sdn Bhd, a homegrown company approved by Bank Negara, has launched its “Transfer” portal, a fully digital cross border remittance service offering exchange rates and fees far cheaper than incumbent banks. The Transfer portal allows users to conduct their entire transactions online via the MoneyMatch mobile app and the web platform. It […]

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Philippines expects October inflation of 3.2-3.7%

MANILA: The Philippine central bank said on Monday annual inflation in October was expected within the 3.2% to 3.7% range, with higher energy costs, water rates and a weaker peso contributing to upward price pressures. Headline inflation in September was 3.4%, bringing nine-month average inflation to 3.1%. Average inflation is expected to remain within the […]

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Myanmar businesses stumble on corporate responsibility

Many foreign investors are shying away from Myanmar because of the government’s apparent failure to prioritise economic development and the violence in Rakhine state. Local businesses also complain of government inertia. But ministers still insist that the country is on the verge of a major economic breakthrough. “Myanmar was like a plane running on the […]

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Singapore to create 4,000 new financial sector jobs

Singapore wants to bolster its status as a wealth management and foreign exchange centre as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. In a plan unveiled Monday, the Monetary Authority of Singapore said it aims to create 4,000 net new jobs in financial services and […]

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