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Singapore e-commerce startup Shopmatic expands to the Middle East

SINGAPORE – Shopmatic, a Singapore-based startup that provides e-commerce solutions to small businesses, has expanded into the Middle East, its third regional market after India and South-east Asia. Shopmatic is working with Network International, an e-payments solutions provider in the Middle East and Africa, to launch Go-online, a platform that allows small and medium startups […]

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Vietnam: FDI might suffer from high VND devaluation

The Hanoitimes – The foreign direct investment (FDI) capital inflow to Vietnam can reduce significantly if the Vietnamese dong (VND) – the local currency – devalues sharply against the US dollar. Due to impacts from the US-China trade war, the dong has lost 1.5 percent against the dollar this year. In this context, some experts said […]

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Cambodia: New partnership to boost local bourse

A new agreement signed Friday between the market regulator and a derivate brokerage firm aims to promote growth in the local stock market, which now has just five listed companies. The Securities Exchange Commission of Cambodia (SECC) and Golden Fortune, a licensed brokerage firm, signed the memorandum of understanding last week to promote the development […]

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Thailand: BoT directing basic bank account charge

The Bank of Thailand has joined with 16 banks to offer a basic bank account with fee-free deposits and no minimum balance requirement, aimed at widening opportunities for the unbanked to access financial services and digital banking.  In the early stage, the interest-bearing bank accounts will be offered only to those aged 65 and older, as […]

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