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Lifestyle, lack of tech adoption, impediments to Indonesia’s financial literacy

The lifestyle-driven spending habits of millennials, as well as the general public’s slow adoption of technological developments in finance, are among the challenges to increasing financial literacy in Indonesia, fintech players have stated. A financially literate person, according to the Financial Services Authority (OJK), has knowledge of financial institutions and financial products, including the features, […]

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Cambodia: Aid for Sihanoukville ‘smart city’ strategy

The Australian Ambassador to Cambodia Pablo Kang, and Preah Sihanouk Provincial Governor Kuoch Chamroeun, launched Australia’s support for a “smart city” strategy for Sihanoukville. “COVID-19 disruptions require new and innovative approaches to service delivery and city development, as government budgets come under pressure,” Ambassador Kang said. Funded by Australia’s Investing in Infrastructure (3i) programme in […]

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Myanmar Investment Commission (MIC) approved USD $ 230.60 million worth Industrial Park project in Hlegu which will create over 2,300 job opportunities

Myanmar Investment Commission has approved a $230.60 million worth Hlegu Industrial Park project, to be invested by Singapore based Sembcorp CSSD Myanmar Co., Ltd, as well as $180 million worth AEON Large Scale Shopping Mall, which will create over 2,300 jobs. In addition to that, the investment body also approved seven new investments in industry, […]

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Thailand: July headline CPI drops 0.98% year-on-year

Headline consumer price index (CPI) fell a smaller than expected 0.98% in July from a year earlier as food prices increased and domestic activity resumed after the easing of coronavirus curbs, the Commerce Ministry said on Thursday. The reading — the smallest decline in four months — compared with a forecast for a fall of […]

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Cambodia: Credit help ready by October or November

The government will make the Credit Guarantee Scheme (CGS) operational by October or November, according to a senior official at the Ministry of Economy and Finance (MEF). Minister of Economy and Finance Aun Pornmoniroth in July approved in principle the concept of a strategic framework for establishing the Credit Guarantee Corp Cambodia CGCC). The initiative […]

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