FINTECH investments in Singapore for the nine months ended Sept 30 jumped 69 per cent to US$735 million from US$435 million in the same year-ago period, according to research from professional services firm Accenture. The number of fintech deals fell by almost one-third (29 per cent) to 94 from 133, showing that investors made larger bets […]
Read MoreThe Bank of Thailand (BOT) will expand the scope of market conduct rules to state banks and nano-finance business, said Jaturong Jantarangs, assistant governor for supervision group 1. The rules currently apply only to private commercial private. They were set to ensure that banks are sustainable under sound management for the benefits and protection of […]
Read MoreThe Hanoitimes – With the population of nearly 95 million in 2018, a Vietnamese consumes nearly 55 instant noodle packets per year, higher than the world’s leading nations in instant noodle consumption, including China with an average of 31 packets for person, Indonesia with 46.4 and Japan with 45.8. Vietnam consumed 5.2 billion instant noodle packets […]
Read MoreJAKARTA: PT Indosat, the Indonesian unit of Qatar’s Ooredoo Group, said on Tuesday it has signed a 6.4 trillion rupiah ($452.30 million) deal to sell 3,100 telecommunication towers, which will be leased back. Indosat said in a statement 2,100 units of towers will be sold to PT Dayamitra Telekomunikasi (Mitratel) and one thousand units will […]
Read MoreThe baht could shoot up to Bt29 against the US dollar when the US Federal Reserve cuts the policy rate by another 25 basis points this month, according to Anusorn Tamajai, director of Economic and Business Research Centre for Reform at Rangsit University. If, as seems likely, the Fed lowers its key policy rate again, […]
Read MoreSix governmental bodies launched in Jakarta on Monday an application for oil and gas companies to apply for duty exemptions on imported exploration equipment. The Finance Ministry said in a statement that the purpose of the app was to streamline and simplify the application process for the Finance Ministry Exemption Letter (SKEP). “Most importantly, the [approval] waiting time is […]
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