Banking & Finance
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Remittances to Laos to drop by 50% amid pandemic
Remittances of overseas Lao workers to their home country are projected to decline by about 50 per...
Myanmar, Laos high on money laundering watchlist
Myanmar and Laos have made it in the top five countries globally for the risk of money...
Former Malaysian PM gets 12 years jail, $50-million fine in 1MDB trial
Former Malaysian Prime Minister Najib Razak in a verdict on July 28 has been found guilty on...
Malaysia’s ex-leader Najib Razak awaits verdict in first 1MDB trial
A Malaysian court is expected to hand down its verdict in former prime minister Najib Razak’s first...
Goldman Sachs agrees to pay Malaysia $3.9 billion in 1MDB compensation
US investment bank Goldman Sachs, which played a shady role in the scandal surrounding Malaysia’s state investment...
Grab cuts 5% of staff across Southeast Asia
Singapore-founded and headquartered ride-hailing, delivery and e-commerce company Grab is embarking on a cost-savings programme and...
New digital bank to launch in the Philippines
Singapore-based Tonik Financial, the first digital-only bank in Southeast Asia founded in 2018, will launch operations in...
Chinese loans for infrastructure cause debt ballooning in Myanmar, Laos
The China-Laos high-speed railway costs $6 billion
Chinese infrastructure projects for its Belt and Road Initiative financed by...
Facebook, PayPal invest in Indonesia’s e-commerce group Gojek
US social media giant Facebook and online payment pioneer PayPal both have participated in a fundraising round...
Confusion in Cambodia about planned phaseout of small dollar notes
A surprise announcement by Cambodia’s central bank on May 29 that it plans to phase out the...
Acleda Bank becomes sixth listed firm on Cambodia’s bourse
The Cambodia Securities Exchange in Phnom Penh
The Cambodia Securities Exchange (CSX) saw its sixth listing on May...
Vietnam confident about strong economic rebound after virus crisis
Vietnam’s government is full of expectation about a strong recovery after the country managed the coronavirus crisis...
Alibaba’s Ant Financial invests into Myanmar startup Wave Money
The digital payment service division of China’s e-commerce giant Alibaba, Ant Financial, will be investing $73.5 million...
Malaysia settles 1MDB case against Wolf of Wall Street producer
Malaysian prosecutors on May 14 said they have settled a case against Riza Aziz, stepson of the...
Promising fintechs in Cambodia, Myanmar enter stage
Looking at the arena of financial technology startups in Southeast Asia gives a much-needed relief from the...
Singapore oil giant files for bankruptcy amid spiraling losses
One of Asia's largest independent oil traders, Singapore-based
Hin Leong Trading, filed for bankruptcy protection at a court...
After the virus: Prepare for a Rip Van Winkle economy!
By Max Herriman
Just over a week ago, the Australian Prime Minister, Scott
Morrison, said that he wants small...
Chatbots coming: Virus crisis accelerates call center automation in the Philippines
The current coronavirus crisis is a double edged sword for
the call center and business process outsourcing (BPO)...
Latest
Singapore home sales rebound in third quarter
Density architecture of living districts of Singapore
Amid the ongoing Covid-19 pandemic which hit Singapore’s economy quite hard,...
Stories of the week
Thailand approves long-stay visa in bid to revive tourism industry
An empty restaurant and bar street in Phuket during Thailand's coronavirus lockdown
In its aim to revive the...