Payments, fintech and the money moves powering Asia's retail economy.
Home-based businesses will soon find it, not just increasingly difficult, but impossible to find a bank loan. The central bank has tightened lending criteria for household and other unregistered businesses, meaning they will not be eligible for bank loans.…
The representative office of the Indonesian Stock Exchange (BEI) in this Papua capital city has opened a clinic class for non active registered share investors. “They need guidance especially as the share customers are different in type. Therefore, we open…
The Indonesia Stock Exchange (IDX) will close on the simultaneous regional election day, February 15, 2017, the IDX website page stated. Earlier, Vice President Jusuf Kalla had asked Indonesians to use their voting rights and vote for credible candidates to…
Bank Rakyat will enter the Indonesian market in the second quarter (Q2) of this year after getting approval from the authorities, including Bank Negara Malaysia. To this end, the bank said, it had signed a memorandum of understanding with Indonesia’s largest…
State-run mortgage lender Bank Tabungan Negara (BTN) is expected to launch micro housing loan for lower income group by the end of Feb, its president director said. “We will launch it around end of this Feb. It is a special loan for lower income group who do…
It’s a little hard to believe, but, four years ago, sim cards in Myanmar used to cost around US$500. If that price is considered exorbitant for even a first world nation, think about how out-of-reach it would be for the working class Burmese, whose minimum…
The Myanmar Payment Union (MPU) and UnionPay International (UPI) have teamed up to implement a common UnionPay chip card standard in the country. The UnionPay chip card standard complies with the global EMV chip card standard, and will be adopted by all banks…
Kasikornbank (KBank), one of the largest banks in Thailand, officially unveiled its first branch in Phnom Penh with the aim of offering financial services to local businesses as well as corporate and retail customers. KBank entered the Cambodian financial…
Shinhan Indo Finance Ltd (SIF), a subsidiary of South Korean credit issuer Shinhan Card, has launched its first credit card on the Indonesian market. The “ShinhanIndo Card Hi-Cash” comes in four different types to reach consumers from all segments, especially…
There are too many uncertainties ahead to know whether it will continue or crumble, economists say. The world economy has begun the year in fine form. America is cruising along, China is growing faster than expected, Britain is muffling the Brexit downdraft.…
Life insurer AXA Financial Indonesia, part of the AXA Indonesia Group, launched a digital tool to expand its customer base on Monday. The tool provides easy access to information for several purposes, namely creating a children’s education fund, retirement…
Decide is a state-of-the-art trading platform provided as a service and co-located at the SET Data Centre, which supports retail and institutional trading on both the Stock Exchange of Thailand and Thailand Futures Exchange. SCB Securities chief executive…
A joint venture agreement between them was signed during a Myanmar-Thailand cooperation mission presided over by Myanmar State Counsellor Aung San Suu Kyi and Deputy Prime Minister of Thailand Dr Somkid Jatusripitak in Nay Pyi Taw yesterday. The joint venture…
Retail customers offer a silver lining for banks amid tepid demand in corporate lending and the fragile state of small and medium-sized enterprises (SMEs), says Kasikorn Research Center (KResearch). Lending to individual customers in 2017 is expected to…
Neil Emerson, the firm’s senior vice president and managing director for Asia Pacific, said that its customers’ positive feedback and satisfaction drove them to establish an on-the-ground presence in Myanmar. Previously, the firm had been operating in Myanmar…
Citi has launched MobilePASS, an app-based soft token that enables corporate banking clients to use their own smartphones to generate dynamic passcodes to log into Citi’s institutional e-banking platforms. In Asia, MobilePASS is now available in Bangladesh,…
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.