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Indonesia: Ministry mulls over ‘ojol’ drivers’ demand for fare increase in Greater Jakarta

The Transportation Ministry is considering raising the minimum fare for app-based ojek (motorcycle taxis) operating in Greater Jakarta to accommodate drivers’ demands, an official has said. According to the ministry’s road transportation director, Ahmad Yani, ojol (ojek online) drivers have demanded a floor price increase to Rp 2,500 (US$18 US cents) per kilometer from Rp 2,000 per km at present. […]

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Cambodia: Kingdom benefits from Thai QR payments

The Bank of Thailand (BOT) says it will expand QR cross-border payments with Singapore, Myanmar and Cambodia, beginning from the middle of this year. BOT Assistant Governor for payment systems policy and financial technology Siritida Panomwonna Ayudhya was quoted by Thai newspaper The Nation as saying that each Thai bank has developed regional interoperability for […]

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Thailand: Deliveries from China delayed

Local e-commerce and logistics operators have confirmed that the coronavirus outbreak has hampered parcel deliveries from China, while working to ensure access and rein in the prices of disease-prevention accessories such as face masks and hand sanitiser. Suchaya Paleewong, marketing manager of Shopee Thailand, the local operating unit of the Singapore-based e-commerce site under Sea […]

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M&As costly in Malaysia under new framework, says S&P

PETALING JAYA: While the three banks Bank Negara has identified as crucial to the domestic banking sector are well-capitalised, the new regulatory framework would make mergers and acquisitions (M&A) more costly, says S&P Global Ratings. The rating agency believed the new systemically important banks (D-SIBs) framework would discourage Malaysian banks from contemplating domestic M&A, as […]

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