JAKARTA: Indonesia’s financial regulator said it was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults. The emergence of these peer-to-peer (P2P) lending platforms, offering loans ranging from as little as a few hundred dollars to several thousands, […]
Read MorePrime Minister Hun Sen on Monday claimed Cambodia continues to attract millions of tourists and great amounts of foreign investment due to its political stability. The statement comes amid rising pressure from Western countries over recent democratic setbacks, particularly the dissolution of the Cambodia National Rescue Party (CNRP), the country’s main political opposition, in November […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani stated that the exchange rate movement and Indonesia Crude Price (ICP) in the early period of the year have caused a change in the energy subsidy in the 2018 budget. “The movement, in terms of budget, has provided a good impact on the revenue side, but on the other hand, it […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector got off to a slower start in January 2018, with the industrial production index (IPI) up 3%, which was below Bloomberg’s survey of a 6.8% growth. The Statistics Department said on Tuesday the January IPI was also down 4.5% from December 2017 due to slower growth in the manufacturing sector. […]
Read MoreProposed incentives to encourage mergers, combined with new banking standards, could lead to greater consolidation within Thailand’s banking sector, which the government hopes will strengthen lenders and complement plans to fast-track industrial growth. In December, Finance Minister Apisak Tantivorawong said his ministry was considering a plan to make mergers more appealing by offering tax incentives to local […]
Read MoreNet foreign direct investments (FDI) reached an all-time high of $10.049 billion in 2017, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, up by 21.4 percent year-on-year and exceeding the full-year target of $8 billion. “Investors continue to view the country as a favorable investment destination on the back of … sound macroeconomic fundamentals and growth […]
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