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Indonesian banks deal with sensitivities

JAKARTA: A rise in religious conservatism in Indonesia is drawing talent away from what some view as un-Islamic jobs in banking, industry professionals say, creating hiring woes for conventional banks but a boon for the country’s fledgling sharia finance sector. The trend comes amid broader societal change in the world’s biggest Muslim-majority country, driven by […]

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IMF urges Philippines: Step up fight vs dirty money

MANILA, Philippines — The Philippines needs to step up its fight against money laundering and financing of terrorism to avoid being included anew in the gray list of Paris-based Financial Action Task Force (FATF), according to the International Monetary Fund. IMF mission chief Thomas Helbling said the Philippines should continue to strengthen its anti-money laundering […]

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Malaysia: Shifting to safer investments

PETALING JAYA: The bullishness in the stock market that has spilled over from last year is starting to mellow and retail investors are starting to seek shelter in safer investment products. The year 2021 has been highly touted as the year of economic recovery as countries start to roll out the vaccination programmes but the […]

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