On 1 January 2019, when Vietnam’s Law on Cybersecurity came into effect, there were concerns among foreign and Vietnamese enterprises with a business interest in Vietnam that they would be caught under the law’s data localisation requirements despite not having a physical presence in Vietnam. The relevant provision would require “domestic and overseas providers of […]
Read MoreJAKARTA: PT Champ Resto, Indonesian operator of restaurant chains including Gokana Ramen & Teppan, is weighing an initial public offering in the largest nation in Southeast Asia that could raise about $150 million, according to people with knowledge of the matter. The firm, which is backed by Indonesian private equity firm Capsquare Asia Partners, is […]
Read MoreFINTECH 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 […]
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Thailand
