JAKARTA – US venture capital firm Ribbit Capital, a fintech solution partner of the world’s largest retailer Walmart, has bought a minority stake in a Jakarta-based digital bank that also counts Singapore sovereign wealth fund GIC as an investor. Bank Jago, Indonesia’s first full digital bank, which aims to tap not only urban customers but also the low-income […]
Read MoreThe government will cap diesel prices at 30 baht per litre until the end of the month to help reduce living costs for consumers as global oil prices rise, the Energy Minister said on Monday. The short-term support could be extended if necessary, Deputy Prime Minister Supattanapong Punmeechaow, who is also Energy Minister, told a news […]
Read MoreKUALA LUMPUR, Oct 4 — The ringgit ended higher against the US dollar today, supported by improved sentiment towards the local currency and a correction in the greenback, an analyst said. At 6pm, the local note climbed to 4.1730/1760 versus the greenback from last Friday’s closing of 4.1770/1810. According to Bank Islam chief economist Mohd […]
Read MoreTHE worst is over for Vietnam, with domestic reopening on the cards as vaccinations rise and infection rates decline, said DBS economist Chua Han Teng in a report on Monday. Meanwhile, foreign domestic investment (FDI) will remain a key growth engine, while manufacturing activity and exports will likely resume expansion, he said. Vietnam’s economy shrank […]
Read MoreThe national government’s gross borrowings fell to P111 billion in August, bringing the year-to-date total to P2.38 trillion, data from the Bureau of Treasury (BTr) showed. The actual gross financing in the eighth month of 2021 was P111.70 billion, down from P612.91 billion a year before by 81.77 percent. Domestic borrowings plunged by 82.72 percent to P100.96 […]
Read MoreThe Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained at 40.2 in September. The Viet Nam Manufacturing Purchasing Managers’ Index (PMI) remained at 40.2 in September, signalling a further marked deterioration in business conditions across the sector due to the severe impacts of the COVID-19 pandemic, according to IHS Markit. In a report released last week, […]
Read More
Thailand
