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Malaysia: Public Bank has no bitcoin trading platform

KUALA LUMPUR: Public Bank Bhd has denied any affiliations with automated bitcoin trading platform purportedly called “PUBLIC COIN”.  “It has come to our attention of a website claiming that Public Bank has launched an automated bitcoin trading platform purportedly called “PUBLIC COIN”,” it said in a statement issued today.  “The website claims that investors can […]

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Plans revealed for real-time cross-border payments system between banks in Australia, China, Singapore and Thailand

Many countries in Asia-Pacific are developing domestic real-time payment systems. Examples include PayNow in Singapore, PromptPay in Thailand and the New Payments Platform (NPP) in Australia. But cross-border payments are still expected to take days. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it has held exploratory talks with a group of banks from Australia, China, Singapore […]

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Lazada launch cross-border selling for Malaysia-Singapore

KUALA LUMPUR:  Regional e-commerce platform Lazada launched its pilot service which enables over 100 Lazada sellers in Malaysia will begin marketing their products to buyers in Singapore. Through the Digital Free Trade Zone (DFTZ), sellers will enjoy a one-stop solution with more efficient cargo clearance and goods and services tax (GST) exemptions, and overall, export […]

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Alibaba expands cross-border e-commerce in Southeast Asia

BANGKOK — Alibaba Group Holding will launch a slew of projects in collaboration with Thailand’s government to support cross-border online trade by small enterprises and farmers, as China’s largest e-retailer makes further inroads in Southeast Asia. Jack Ma, Alibaba’s co-founder and executive chairman, visited Bangkok on Thursday to announce the launch of a distribution hub in Thailand’s Eastern Economic […]

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Vietnam: Ministries slash cumbersome business conditions to ease businesses

The Hanoitimes – Following the government’s instruction, ministries have accelerated the removal of cumbersome administrative procedures and business conditions to ease enterprises. Under Decision No. 767 issued recently, the Ministry of Transport announced the elimination of 384 out of 570 business conditions under the ministry’s authority. The number is equivalent to 67.36 percent of the total […]

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