KUALA LUMPUR (AFP) – An ex-Goldman Sachs banker will stand trial in Malaysia in April over the 1MDB scandal after he returns from the United States (US) where he has also been charged, an official said yesterday. Billions of dollars were stolen from Malaysian state fund 1MDB in a fraud allegedly involving former prime minister […]
Read MoreBANKS in South-east Asia are set to miss out on as much as US$5 billion, or 14.3 per cent of their payments revenue by 2025, displaced by the growth of digital payments and competition from non-banks, according to a new report. This comes as payments become more “instant, invisible and free”, professional services firm Accenture said in […]
Read MoreBANGKOK, Nov 6 (Reuters) – Indonesia’s freeze on palm oil plantation permits lacks transparency, making it difficult to assess its effectiveness, and the government should provide updated information, an industry watchdog official told Reuters. In September last year the Indonesian government issued a presidential instruction to place a temporary ban on new permits for palm […]
Read MoreMARKET volatility and Singapore’s subdued economic growth weighed on insurance sales in the first nine months of 2019. Singapore’s life insurance industry saw new business, in terms of total weighted premiums, shrink by 4 per cent to S$3 billion for January to September, compared to the year-ago period. This weaker showing is in line with […]
Read MoreThe Hanoitimes – For a population of nearly 100 million, of which the majority is at young age and with steady growth of income per capita, Vietnam is considered a potential market for fashion retailers. UNIQLO, the Japanese global apparel retailer, is scheduled to open its first store, Uniqlo Dong Khoi, on December 6 in Ho […]
Read MoreThe interest rate cut by the central bank on Wednesday is too little and too late, according to one analyst, while another analyst forecast that it will be the last cut for this year. Amornthep Chawala, head of research at CIMB Thai, said the Bank of Thailand (BOT)’s decision to cut the key interest rate […]
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