Singapore has passed the United States to emerge as the top destination for overseas investments from China, according to a new report out yesterday. It found that the US dipped to second spot with Hong Kong next, then Malaysia and Australia. The report from The Economist Intelligence Unit (EIU) covered the auto, consumer goods, energy, […]
Read MoreThe US-ASEAN Business Council (USABC) led a business mission to Myanmar in which they held a meeting with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to strengthen trade and investments in the country. The USABC is an advocacy organisation for American corporations operating within the Association of Southeast Asian Nations (ASEAN). […]
Read MoreJAKARTA (BLOOMBERG) – Indonesia’s central bank will bar financial technology companies from using digital currencies on their platforms as a global frenzy around bitcoin continues to lure more investors. The curbs, effective from Jan 1, won’t apply to trading of digital currencies, Bank Indonesia Deputy Governor Sugeng told reporters in Jakarta on Thursday. The ban on […]
Read MoreThe Hanoitimes – Vietnam`s business climate has increased 14 levels from 82 to 68, according to the latest World Bank`s report. This is the highest increase in the last decade of Vietnam. The business environment in Vietnam has improved but has not reached the average level of ASEAN 4. Explanation for the business environment, the World […]
Read MorePrime Minister Hun Sen appealed to international lending agencies to not increase interest rates on loans used for Cambodia’s development, adding that despite recent economic progress that has helped reduce poverty, the Kingdom needs low interest rate lending to continue growth. Speaking to a crowd of nearly 15,000 garment factory workers, Hun Sen cited a […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) has launched a new regulation on financial technology (fintech). The regulation covers a requirement for fintech companies to register with the central bank and a ban on the use of digital currencies, among others. “We want to strike a balance; to continue fintech development while avoiding any disruption on the economy,” BI Deputy […]
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Thailand
