Banking & Finance

Banking & Finance

Banking and Finance is a section of Industries on investvine.com
All working expats in Indonesia now required to learn local language

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A new decree by Indonesia President Joko Widodo that is set to take effect on June 26 has caught many expat businesses and domestic...
Kuala Lumpur’s new financial district “can be profitable”: Ex-PM Najib

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Tun Razak Exchange (TRX) City, the new financial district in Kuala Lumpur launched by the government of former Malaysian prime minister Najib Razak, will...
Malaysia’s ex-PM faces charges for playing ‘central role” in 1MDB scandal

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Malaysia’s former prime minister Najib Razak will likely be facing multiple charges including for alleged embezzlement and bribery with government money following a probe...
Bangkok enters list of 100 most expensive cities in the world

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As cost of living in Thailand is on the rise and the baht remains strong, Bangkok has now entered the global top 100 most...
Vietnam seeks ban on import of crypto mining tools

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Vietnam’s finance ministry has called for an outright ban on the import of the mining rigs used to create cryptocurrencies such as Bitcoin. The...
New multi-billion scandal of former Malaysian government exposed

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Malaysia's new finance minister Lim Guan Eng on June 5 said he will report to the anti-graft agency upfront payments of 9.4 billion ringgit...
Grab to launch e-cash and Big Data-based micro lending in Thailand

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Ride hailing company Grab in its drive to expand in the financial services sector is planning to launch e-cash and micro lending in Thailand,...
Malaysian taxpayers paid over $1.7 billion for 1MDB debt so far

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Malaysia’s finance ministry has used a total of 6.98 billion ringgit ($1.76 billion) in tax money since April 2017 to pay back accumulated debt of state...
New task force to look into 1MDB scandal in Malaysia

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Malaysia has set up a special task force that will look into possible criminal conduct of individuals involved in the management of state fund...
Vietnam’s fintech market to reach $7.8 billion in value by 2020

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As financial technology startups, or fintechs, keep disrupting Vietnam’s financial services industry, their market value is expected to reach $7.8 billion in just two...
Mahathir wants 1MDB money back, seeks probe into Attorney-General

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Newly elected Malaysian Prime Minister Mahathir Mohamad wants billions of dollars lost in the 1Malasia Development Berhad (1MDB) corruption scandal returned, the 92-year-old leader...
More warnings on “overheating” Philippines economy

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Another warning has been aired that the Philippine economy, one of the fastest-growing in Asia, is in risk of overheating – just shortly after...
Another record stock listing underway in Vietnam

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Three Vietnamese cities added to proposed ASEAN smart cities network

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Hanoi, Ho Chi Minh City and Da Nang in Vietnam will be part of the network of smart cities in the Association of Southeast...
Indonesian businesses asked to start hedging “beyond usual” as rupiah tumbles

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Indonesia’s central bank on April 25 urged businesses in the country to hedge their foreign exchange needs beyond minimum requirements, as policymakers seek to...
Seizure of 1MDB-linked luxury yacht declared unlawful

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A Jakarta court has ruled against the Indonesian police's seizure of a luxury yacht wanted as part of a US probe into alleged multibillion-dollar...
Investors in suspense ahead of Malaysia polls

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Even though surveys predict that Malaysia’s Prime Minister Najib Razak will be returned to office in the country’s general elections on May 9, investors...
Vietnam’s so far biggest IPO gets underway

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Vietnam will see its biggest IPO thus far when Technological and Commercial Joint Stock Bank, or Techcombank, will list as planned on June 4....