KUALA LUMPUR: Ringgit declined to its lowest level this year on Tuesday as most Asian emerging markets currencies trade weaker amid concerns over an intensifying US-China trade war and following the dollar’s advance overnight. * US$/Ringgit climbs as much as 0.2% to 4.0860, highest since Dec. 27. * Support 4.0413, 4.0267, 4.0083; resistance 4.0883, 4.0920, […]
Read MorePutting Thailand 4.0 and a cashless society in place seems to be the dream of Thai policymakers and business tycoons, but the recent data leakage by two of the country’s major financial institutions has left many wondering whether the virtual dream is in fact a nightmare in the making. Cyber-attackers this month stole data belonging to […]
Read MoreThe Hanoitimes – Consumer finance has ample room for growth in Vietnam, however, it is necessary to improve the policy framework to make the sector more attractive to foreign investors, experts said. According to the National Financial Supervisory Commission, consumer lending in Vietnam surged sharply by 65 percent in 2017 compared to 50.2 percent in 2016. […]
Read MoreMANILA, Philippines — The series of interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) to curb rising inflationary pressures is expected to continue until next year, global banks said over the weekend. The research arm of Fitch Ratings said tightening of monetary conditions in the country would continue with three more rate hikes […]
Read MoreHuman resource development, tourism, and agriculture have been approved as main sectors of cooperation among the countries in the Mekong Basin and India. This was the outcome of the 9th Mekong-Ganga Cooperation Ministerial Meeting held in Singapore on August 2, which was attended by Laos’ Minister of Foreign Affairs Mr Saleumxay Kommasith. At the meeting […]
Read MoreState-owned lender PT Bank Rakyat Indonesia (BRI) has launched a quick response (QR) code payment service called My QR. The service can be used by BRI customers and non-costumers, BRI customer director Handayani said over the weekend. Non-BRI customers can download the BRI mobile app and make a maximum deposit of Rp 2 million (US$138.5), while […]
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