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Cambodia: Big trouble in little China?

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts as well as restaurants, street stalls and shops on the […]

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Malaysia moving towards cashless society – BNM

KUALA LUMPUR, Dec 8: To embrace the digital economy, Bank Negara Malaysia (BNM) has taken various step to enhance the e-payment platform, hence moving the country towards a cashless society. Governor, Tan Sri Muhammad Ibrahim said, effective July 1, 2018 the Instant Transfer fee of 50 sen will be waived for up to RM5,000 per transaction […]

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Singapore top destination for China investments

Singapore has passed the United States to emerge as the top destination for overseas investments from China, according to a new report out yesterday. It found that the US dipped to second spot with Hong Kong next, then Malaysia and Australia. The report from The Economist Intelligence Unit (EIU) covered the auto, consumer goods, energy, […]

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US firms interested in Myanmar’s digital economy

The US-ASEAN Business Council (USABC) led a business mission to Myanmar in which they held a meeting with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to strengthen trade and investments in the country. The USABC is an advocacy organisation for American corporations operating within the Association of Southeast Asian Nations (ASEAN). […]

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Indonesia to ban digital currency transactions by fintech firms amid bitcoin frenzy

JAKARTA (BLOOMBERG) – Indonesia’s central bank will bar financial technology companies from using digital currencies on their platforms as a global frenzy around bitcoin continues to lure more investors. The curbs, effective from Jan 1, won’t apply to trading of digital currencies, Bank Indonesia Deputy Governor Sugeng told reporters in Jakarta on Thursday. The ban on […]

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