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Vietnam securities watchdog urges trading groups to stay clear of cryptocurrencies

The Hanoitimes – Prime Minister Nguyen Xuan Phuc in early April urged greater vigilance against cryptocurrency transaction and investment, while using cryptocurrencies as means of payment is prohibited in Vietnam. The State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, requested securities trading organizations to refrain from offering services in consulting, brokering, issuing or […]

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Thai ambitions target Myanmar

Myanmar’s new foreign direct investment act is expected to attract more Thai investment in the neighbouring country, says the head of the Thai Business Association of Myanmar.  Myanmar’s ambition to promote marine tourism along the virgin beaches of the Bay of Bengal has attracted Thai tourism operators.  Association president Surasak Keeratichokechaikul said that once the […]

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Singapore e-commerce startup Shopmatic expands to the Middle East

SINGAPORE – Shopmatic, a Singapore-based startup that provides e-commerce solutions to small businesses, has expanded into the Middle East, its third regional market after India and South-east Asia. Shopmatic is working with Network International, an e-payments solutions provider in the Middle East and Africa, to launch Go-online, a platform that allows small and medium startups […]

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Vietnam: FDI might suffer from high VND devaluation

The Hanoitimes – The foreign direct investment (FDI) capital inflow to Vietnam can reduce significantly if the Vietnamese dong (VND) – the local currency – devalues sharply against the US dollar. Due to impacts from the US-China trade war, the dong has lost 1.5 percent against the dollar this year. In this context, some experts said […]

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Cambodia: New partnership to boost local bourse

A new agreement signed Friday between the market regulator and a derivate brokerage firm aims to promote growth in the local stock market, which now has just five listed companies. The Securities Exchange Commission of Cambodia (SECC) and Golden Fortune, a licensed brokerage firm, signed the memorandum of understanding last week to promote the development […]

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