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Indonesia: Go-Pay users to be charged bank fees

State-owned lenders Bank Negara Indonesia (BNI) and Bank Mandiri will start charging users of Go-Jek’s digital payment platform, Go-Pay, when topping-up their balances. “Effective April 2018, every Go-Pay top up transaction through BNI’s e-channels (BNI ATM, BNI SMS Banking, BNI Internet Banking, BNI Mobile Banking) will be charged a Rp 1,000 [US$0.07] administration fee,” an […]

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Malaysia: Retail bogged down by polls

PETALING JAYA: The impending general election is contributing to the slowdown in the retail sector. The second quarter is seasonally a tough period for the sector as it comes after the Chinese New Year celebrations. Malaysian Association for Shopping and High-Rise Complex Management past president Richard Chan said that people were holding back on their […]

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Singapore firms eye Vietnam food industry

SINGAPORE  — Many Singaporean firms are interested in investing in food, agriculture, and dining services in Vietnam as they forecast that these sectors will thrive in the near future amidst broader ASEAN integration. The statement was made by Andy Yun, Secretary General of Singapore Manufacturing Federation, representing more than 3,000 members operating in automation, biology, construction, heavy […]

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Philippines: TRAIN 2 to scare away Korean investors

MANILA, Philippines — Korean businessmen are worried that certain provisions of the government’s second tax reform package would discourage new investments in the country, saying that its implementation could prompt more Korean investors to choose Thailand and Vietnam over the Philippines. In its position paper submitted to Finance Secretary Carlos Dominguez III, a copy of […]

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