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Malaysia: BNM international reserves at RM429b

KUALA LUMPUR: Bank Negara Malaysia’s international reserves amounted to US$101.5bil (RM429bil) as at Nov 15, unchanged from the amount recorded on Oct 31. “The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt,” BNM said in statement. The main components of the international reserves were […]

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World Bank sees no slowing in Cambodia’s strong growth

PHNOM PENH: Cambodia’s economy is forecast to grow 6.9% next year, compared with a projected 6.8% pace in 2017, despite risks including uncertainties over next year’s election, the World Bank said on Wednesday. Cambodia’s political turbulence has had little impact on economic growth, which has hovered around 7% for the past six years. The World […]

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Malaysia planning to regulate cryptocurrencies

KUALA LUMPUR: Malaysia has begun work on a regulatory structure for digital currencies such as bitcoin, its central bank governor said on Wednesday. The framework is aimed at further securing Malaysia against money-laundering and terrorism financing. Bank governor Muhammad Ibrahim told a counter-terrorism financing summit that from next year those converting crypto currencies into conventional […]

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Myanmar: Non-bank loan providers gain market share

Start-ups facing difficulties obtaining access to capital have been able to use their vehicles as collaterals under a scheme initiated by Best Merchant Finance (BMF), a financial assistance firm offering small loan services in Yangon. Since the scheme was introduced at the start of this year, BMF has amassed a total of 500 customers and […]

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