Indonesian Kudo, an app that connects merchants, combines payments and organises deliveries of retail products, is eyeing expansion into Southeast Asia, including Cambodia, Vietnam, and the Philippines. Kudo, part of the Grab group since 2017, already helps millions of offline Indonesians across the archipelago. Kudo is not a Grab consumer app, or ecommerce app, but […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has lowered anew its economic growth forecasts for the Philippines for 2019 and 2020 due to the disappointing performance in the first half, as well as external headwinds caused by the US-China trade war. Based on the latest World Economic Outlook (WEO), the multilateral lending agency further […]
Read MoreThe basic reference price for paddy will be maintained at K 500,000 for 100 baskets of monsoon paddy grown in 2019 and summer paddy to be cultivated in 2020, according to an October 15 announcement released by the government’s Leading Committee for Farmers Rights Protection and Interests Promotion. At that level, the reference price, or […]
Read MoreOn 1 January 2019, when Vietnam’s Law on Cybersecurity came into effect, there were concerns among foreign and Vietnamese enterprises with a business interest in Vietnam that they would be caught under the law’s data localisation requirements despite not having a physical presence in Vietnam. The relevant provision would require “domestic and overseas providers of […]
Read MoreJAKARTA: PT Champ Resto, Indonesian operator of restaurant chains including Gokana Ramen & Teppan, is weighing an initial public offering in the largest nation in Southeast Asia that could raise about $150 million, according to people with knowledge of the matter. The firm, which is backed by Indonesian private equity firm Capsquare Asia Partners, is […]
Read MoreFINTECH investments in Singapore for the nine months ended Sept 30 jumped 69 per cent to US$735 million from US$435 million in the same year-ago period, according to research from professional services firm Accenture. The number of fintech deals fell by almost one-third (29 per cent) to 94 from 133, showing that investors made larger bets […]
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Thailand
