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Vietnam authority requests further investigation into Grab’s Uber acquisition

The Hanoitimes – After a thorough review of related documents, the Vietnam Competition Council said it has found new details regarding the controversial acquisition in subject, and required further investigation to clarify possible violation of competition laws committed in the case. The Vietnam Competition Council (VCC), which is in charge of handling the case of ride-hailing […]

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Singapore most ready in Asia, second globally, to adopt driverless cars: KPMG

SINGAPORE is second in the world and first in Asia in its readiness to adopt autonomous vehicles on the strength of its government, infrastructure and consumer acceptance, according to a report by KPMG International. The Netherlands topped the consulting firm’s Autonomous Vehicles Readiness Index, which ranked 25 countries on four criteria: policy and legislation, technology and […]

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Indonesia: Digital financial services booming but still lack users

Indonesia is the fastest-growing country in the Asia-Pacific region when it comes to the digitization of financial services, but its penetration remains the lowest in the area. A recent report by global consulting firm McKinsey titled Digital Banking in Indonesia: Building Loyalty and Generating Growth, shows digital banking penetration has increased significantly. In 2017, the number of […]

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Thailand: Export growth to shrink

Thailand’s exports are expected to see the lowest growth in three years because of the Sino-US trade row, a global economic slowdown and the strengthening baht.  Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce (UTCC), said the latest study puts export growth this year at […]

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