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Bank Indonesia Launches Fintech Regulation

TEMPO.CO, Jakarta – Bank Indonesia (BI) has launched a new regulation on financial technology (fintech). The regulation covers a requirement for fintech companies to register with the central bank and a ban on the use of digital currencies, among others. “We want to strike a balance; to continue fintech development while avoiding any disruption on the economy,” BI Deputy […]

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Thailand: Consumer confidence at 33-month high

The Thai consumer confidence index (CCI) rose for the fourth consecutive month in November to its highest level in 33 months. The growth rested on a better than expected economic outlook in the third quarter, hefty exports and rising tourism, raising hopes for a brighter economy in 2018, says the University of the Thai Chamber […]

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WorldRemit picks Philippines as new regional center

MANILA, Philippines — London-based  digital money transfer service provider WorldRemit has picked the Philippines for its new regional center in its bid to drive its  next phase of growth. The newly opened center in the Philippines, which is expected to create a hundred jobs by the end of 2019, will handle customer queries along with […]

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Moody’s affirms Malaysia’s A3 rating; stable outlook

KUALA LUMPUR: Moody’s Investors Service has affirmed the Government of Malaysia’s local and foreign currency issuer and senior unsecured bond ratings at A3. The outlook is maintained at stable. It said late Thursday the key drivers underpinning the A3 rating and stable outlook are: 1. Moody’s expectation that the government’s debt burden will remain high […]

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Thailand: Think tank warns of worker vulnerability

Thai workers risk losing their jobs with the rise of artificial intelligence (AI), big data and the Internet of Things in production and management processes, especially at large and mid-sized companies, says the state planning unit. Porametee Vimolsiri, secretary-general of the National Economic and Social Development Board (NESDB), said large firms have a tendency to […]

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Vietnam prioritises ties with Laos: PM

HANOI (Vietnam News) — Vietnam always gives top priority to special solidarity with Laos, Prime Minister Nguyen Xuan Phuc told Lao Foreign Minister Saleumxay Kommasith during their meeting in Hanoi on Wednesday. Mr Saleumxay is in Vietnam for the annual consultation between the foreign ministries of the countries.  Prime Minister Phuc said such consultations have […]

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