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Bitcoin Not Legitimate Payment Instrument: Bank Indonesia

TEMPO.CO, Jakarta – Bank Indonesia (BI) has said that bitcoin is not a legitimate payment instrument. BI Executive Director for Payment System Policy Department Eny V. Panggaben said that the central bank has banned the use of bitcoin as a payment instrument. “Bitcoin is clearly banned. But in individual transactions, it is allowed, but it’s at your own risk,” […]

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Myanmar: ATM makers eye Myanmar market

Global automated teller machine (ATM) makers are locked in a race for market share in Myanmar, where more than 90 percent of the population remains unbanked. US-listed NCR Corporation is one, while Diebold Nixdorf, a recent merger between US-based Diebold and Germany’s Windcor Nixdorf, is another.  With less than 2,000 ATMs installed in the country, […]

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Myanmar: French chamber opens branch in Mandalay

The French chamber will launch its Mandalay business centre in early November to serve European, French and Myanmar businesses eager to expand into the country’s second largest city. CCI France Myanmar Business Centre will be located in Unit 5, Block 2 of the Mingalar Mandalay Compound. Situated beside the old Chanmyathazi airport and across the New […]

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Indonesia’s car sales down 5.3% y-o-y in September

Indonesia’s car sales in September fell 5.3% from a year earlier, data released by automotive industry association Gaikindo on Thursday showed. Automakers sold 87,645 units of cars in September, down from 92,541 units in the same month last year. On a monthly basis, car sales fell nearly 10 percent from 97,256 in August. Sales for […]

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The Largest Special Economic Zone With an Area Five Times of Hong Kong in Laos to Be Built by the Enterprise From China Guangcai Group

BEIJING, October 25, 2017 (Newswire.com) – Recently, Bozon Bupaiwan, the former prime minister of Laos, and the current president of Laos Economic Research Institute, led a group of people to the headquarters of Beijing Guangcai Group and attended the first Sino-Laos new area “Boloven Economic Zone” Development Symposium at the 6th floor conference room. A total […]

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