Wing Specialized Bank, the local mobile banking provider, recently launched international remittance services from Malaysia, after inking a partnership deal with that country’s financial technology firm, Valyou. The deal aims to target Cambodian nationals living and working in the Asean nation. According to Wing’s announcement, more than 150,000 Cambodians are employed in Malaysia in various […]
Read MorePRIVATE-SECTOR economists have flagged faster-than-expected interest rate increases as one of the top risks to Singapore’s economy over the rest of the year, according to a new survey. The threat of a global trade war also remains a key concern among those polled in the survey conducted by the Monetary Authority of Singapore (MAS). The […]
Read MoreForeign investors planning to invest in domestic banks will still be required to seek approval from the Central Bank of Myanmar (CBM) to do so, U Soe Thien, vice governor of the central bank, told The Myanmar Timesyesterday. “According to the law, all firms are included under the 35 percent threshold. But, being financial institutions, local banks […]
Read MoreSuspending excise taxes on petroleum products amid rising inflation would do more harm than good to the economy and actually lead to higher consumer prices, the research and advocacy organization Action for Economic Reforms (AER) said on Wednesday. “The motivation behind suspending the fuel tax is supposedly to bring down inflation. Ironically, if you would […]
Read MoreThe Hanoitimes – Foreign developers are enhancing the investment in Vietnam`s industrial real estate projects to seize huge opportunities as the Southeast Asian country is projected to witness a strong manufacturing growth in the near future. In May, BW Industrial Development JSC (BW Industrial), a joint venture between the US private equity fund Warburg Pincus and […]
Read MoreFoxconn Technology Co Ltd, a Taiwan-based global manufacturer of computers, communication devices and consumer gadgets, is eager to invest in Thailand’s Eastern Economic Corridor (EEC) project, says Deputy Prime Minister Somkid Jatusripitak. J.W. Tai, corporate executive vice-president of Hon Hai (Foxconn Technology) and chairman of Sharp Technology, met Mr Somkid Wednesday to discuss investment prospects in […]
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