Banking & Finance

Banking & Finance

Banking and Finance is a section of Industries on investvine.com
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....
Thailand wields the tax axe over crypto investors

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Thailand is planning to tax investors in digital currencies such as Bitcoin at a heavy rate in one of its latest attempts to regulate...
Switzerland won’t return 1MDB profits to Malaysia

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Switzerland’s parliament rejected a bid to amend the law handling ill-gotten bank profits seized by authorities that had aimed to return funds linked to...
Brunei allocates B$5 million to set up stock exchange “in the next few years”

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Brunei's ministry of finance received a budget allocation for the 2018-2019 financial year ending March 31 of 747.32 million Brunei dollars ($568 million), most...
‘Wolf of Wall Street’ producer to settle 1MDB lawsuit, agrees to pay $60 million

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Los Angeles-based movie studio Red Granite Pictures agreed to pay $60 million to the US government in order to resolve allegations that it profited...
Inspired by Venezuela, Cambodia said to mull own cryptocurrency – officials deny

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A Cambodian firm is expected to announce on March 7 that it will launch the country's own cryptocurrency called "Entapay" at the 2018 ASEAN...
Indonesia’s ride-hailing app Go-Jek considers stock listing

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Indonesian start-up Go-Jek is considering an initial public offering (IPO) in Indonesia and possibly at another exchange in the region, the company's president Andre...