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Thailand: No Baht intervention

Deputy Prime Minister Somkid Jatusripitak insists that Thailand will not intervene in the baht’s movement, while inviting the United States to monitor the situation.  In response to the Council of Foreign Relations, a US think tank which accused Thailand of currency intervention for a trade surplus against the US, Somkid said that the Thai government […]

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Indonesia: Jokowi Warns about Imminent Industrial Revolution 4.0

TEMPO.CO, Jakarta – President Joko Widodo (Jokowi) calls on every party, including the financial industry, to be aware of the imminent industrial revolution 4.0. “I think the financial industry must also prepare itself to carry out this fourth revolution,” said the seventh Indonesian president at the 2018 Annual Meeting of Financial Services Industry on Thursday, January 18. According […]

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Thailand: BoT sounds alarm on baht speculation

In a rare move, the Bank of Thailand has threatened to investigate some financial institutions with operations in Thailand for possible involvement in baht speculation. The central bank’s announcement comes amid the baht’s continued rally against the US dollar. The local currency, up nearly 2% versus the greenback in 2018, is now the second-best performer […]

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Cambodia: SECC warns against cryptocurrency trading

The Securities and Exchange Commission of Cambodia (SECC) has warned the public to be cautious and avoid speculating in cryptocurrency trading, noting that the market remains unregulated. “[We] would like to appeal to the public to be highly cautious in involving with trading of any cryptocurrencies that eventually could lead to losses,” the SECC said […]

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