Banking & Finance

Banking & Finance

Banking and Finance is a section of Industries on investvine.com
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...
Vietnam’s start-up scene thrives, funding almost doubles

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Vietnamese start-ups received $291 million in funding last year, an increase of 42 per cent over 2016, according to a recent report by Topica...
1MDB-linked super yacht seized off Bali

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Indonesian authorities seized a luxury yacht off the tourist island of Bali wanted by U.S. authorities. The move came as part of a probe...
Malaysia’s GDP growth this year seen at 5.2%, lower than 2017

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Malaysia is expected to maintain a robust economic momentum but will grow slower than last year, according to estimations by Moody's Investors Service issued...
Thailand’s first cryptocurrency offering underway

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Thailand's first initial coin offering (ICO) of a cryptocurrency issued by a listed company was launched on February 14 despite unclear regulations with regards...
Thailand bans banks from dealing with Bitcoin & Co.

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The Bank of Thailand on February 12 sent a circular to banks and financial institutions and warned them not to get involved in cryptocurrency...
Philippines eyes new, cheaper cash remittance channel for OFWs

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The Philippine government is looking for solutions to provide cheaper and more convenient remittance channels for its Overseas Filipino Workers (OFWs). Particularly, technology developed...
Singapore, Malaysia’s bourses to set up trading link

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Singapore and Malaysia unveiled a plan to create a trading link between each other by the end of this year that will allow each...
Despite latest IPO, Myanmar’s stock exchange remains lame duck

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The young Yangon Stock Exchange saw its first real initial public offering (IPO) on January 26, but despite high expectation of the listing of...
Google invests in Indonesia’s ride-hailing platform Go-Jek

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Google is the next big-time investor in Indonesian ride-hailing firm Go-Jek, a move that is part of Google's ambition to grow Indonesia's digital economy...
Singapore job market declined for the first time in 14 years

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Singapore's total working population, excluding foreign domestic workers, shrank for the first time since 2003 by an estimated 10,700 last year, according to preliminary...
Cambodia turns into Bitcoin hub of Southeast Asia

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Skeptically observed by the country’s central bank, Cambodia is increasingly becoming a regional center for Bitcoin and other cryptocurrencies both in terms of trading...
China to pour billions of investment dollars into Cambodia

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Cambodia and China on January 11 signed 19 agreements worth several billion dollars to develop the impoverished Southeast Asian country's infrastructure, agriculture and healthcare....
Vietnam’s first IPO in 2018 rocks HCM Stock Exchange

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Vietnam’s HDBank has become the latest company in the country to go public, staging the first IPO this year by listing more than 32.2...
New Myanmar bank to supply tourism businesses with cheap loans

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A new bank, Myanmar Tourism Bank, will begin operations within six months in so far three branches in Yangon, Mandalay and Naypyidaw with the sole...