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Lao PM optimistic about sustainable economic growth

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith yesterday expressed optimism that economic growth would recover in the near future, saying the current stagnation was necessary because the government was attempting to put the economy on a sustainable path. “The slower growth of the economy is necessary because the economic base is being transformed to a […]

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Singapore: MAS, Temasek, JPMorgan develop prototype network for multi-currency payments

THE Monetary Authority of Singapore (MAS), JPMorgan and Temasek have developed a blockchain-based prototype that enables payments to be made in different currencies on the same network. This multi-currency payments network has the potential to improve cost efficiencies for businesses, said MAS, which led its development. It is undergoing industry testing to determine its ability […]

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Thailand: Changing behaviour, IT hit retail investors’ value

The proportion of retail investors in total market trading value has dwindled by half amid changes in investor behaviour and the advent of high-speed algorithmic trading programs. Montree Sornpaisarn, chief executive of Maybank Kim Eng Securities Thailand, which has the largest market share in Thailand, said high-speed algorithmic trading programs, especially those related to arbitrage […]

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ASEAN gets ready for Singles’ Day shopping event

The annual 11.11 Singles’ Day Sale has become an event for both shoppers and e-commerce merchants across Southeast Asia, recording online sales that exceed all expectations.  Singles’ Day came to be after students at the Nanjing University in China, started celebrating their singledom, in what was known as anti-Valentine’s Day back in the 1990s. Singles’ […]

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