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Thailand: 10 firms seek to capitalise on BX closure

Bitcoin Co Ltd’s recent closure announcement is unlikely to have a negative effect on Thailand’s digital asset industry because there are about 10 other companies applying to become authorised digital asset exchanges, says the Securities and Exchange Commission (SEC). Bitcoin Co’s decision to cease its business operations could be because it does not want to […]

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Relocation of Indonesia’s capital likely to require large infrastructure investment

Indonesia’s decision to relocate its capital may face environmental roadblocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions. The analysts cited early estimates by the Indonesian government, which mentioned that construction of the new capital will cost about 466 trillion rupiah (US$33 billion).It is also expected to take three […]

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Singapore factory sector contracts for 4th straight month despite slight uptick in August

SINGAPORE – Sentiment among Singapore manufacturers saw a marginal improvement in August but remained in negative territory for the fourth consecutive month as the escalating US-China trade war continued to cast a shadow on the sector. Singapore’s Purchasing Managers’ Index (PMI) – an early gauge of factory activity – edged up by 0.1 point from the previous […]

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