Recently established peer-to-peer (P2P) lending marketplace, Singapore-based Rai Capital, has announced its official launch in Cambodia. Licensed and regulated by the Securities and Exchange Commission of Cambodia (SECC), Rai Capital is a joint venture with Goldbell Financial Services, one of Singapore’s leading non-bank business finance providers. It is designed for micro-entrepreneurs and individuals to promote […]
Read MoreThe government needs to ramp up research and development (R&D) and develop human resources in the manufacturing industry, the business sector contributing the most to gross domestic product (GDP), to support the country’s economic recovery, experts have stated. “The government must take a more active role in spearheading R&D to facilitate job creation and attract […]
Read MorePETALING JAYA: Although the country’s economy is set to rebound next year, it is still not out of the woods, according to economists. Domestic and external factors could dampen gross domestic product (GDP) growth. However, the stimulus as well as fiscal measures under Budget 2021 could enable the economy to stage a rebound. Economists are projecting a […]
Read MoreMANILA, Philippines — The Philippines is facing more uncertainties even as economic and social reopening starts to take shape in the country, according to Ayala Corp. chairman Jaime Augusto Zobel de Ayala. He said that while emergency measures – from both the public and private sectors – helped alleviate the crisis and allowed an initial […]
Read MoreA young woman borrowed VND8 million via an app, but the total amount of money she had to pay after three months reached VND200 million. Unable to pay the debt, she killed herself. Disaster struck Truong Thi Ngoc Bich’s family in Bien Hoa City in late March 2020 when she discovered her only daughter, 23, […]
Read MoreThe strengthening of the value of the baht is putting the Bank of Thailand in the hot seat again as an influx of offshore fund flows move into emerging market economies, spelling trouble for the export-reliant country. The baht has appreciated rapidly against the US dollar following risk-on sentiment based on the outcome of the […]
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