Payments, fintech and the money moves powering Asia's retail economy.
Bitcoin Indonesia, a prominent online Bitcoin marketplace for Indonesian traders and investors, revealed a rapid development in its user base after adding over 170,000 members within 12 months. At the beginning of 2016, Bitcoin Indonesia served 80,000 active…
The world is getting more hazardous for skeptical analysts, the banks that employ them and investors who rely on their published research. Even by the rough-and-tumble standards of emerging markets, Indonesia’s punishment of JPMorgan Chase & Co this week for…
Indonesia’s financial services authority (OJK) has issued its first regulations relating to financial technology, or fintech, companies running peer to peer (P2P) lending services, Deal Street Asia has reported.06 Jan 2017 The regulation lays out minimum…
Minister of Finance Đinh Tiến Dũng yesterday struck the gong to open the first trading session of 2017 on the Hà Nội Stock Exchange. Dũng urged Government agencies and market members to improve the current conditions of the securities market to promote it as…
Sompo Insurance (Thailand) is embracing innovation and digital channels as key strategies to build brand awareness among individual Thais, who are a new customer base for the Japan-based firm, which aims to be in the top 10 in Thailand’s |insurance market by…
India and Indonesia will be the Development Bank of Singapore’s “big” areas of focus for this year, its chief executive officer Piyush Gupta has said. “We also remain focused on building leading regional cash management, foreign exchange, debt markets and…
Maybank and Western Union have launched a digital remittance service in Malaysia via the Maybank2u (“M2u”) mobile banking app and Maybank’s website. The service enables Maybank customers to transfer money to more than 500,000 Western Union® Agent locations in…
When new Korean shareholders boosted Phnom Penh Commercial Bank (PPCBank) with a $20 million capital increase this year, they had placed the commercial bank, then already among Cambodia’s largest, on a path primed for further growth and pioneering…
State-owned Bank Mandiri has disbursed Rp1.2 trillion to state-owned railway firm PT KAI for the development of a double-track railway in South Sumatra. Senior Executive Vice President of Bank Mandiri Alexandra Askandar in the signing of the agreement with…
Unlisted Public Company Market (UPCoM) welcomed the listing of nearly 70 million shares of five companies on Monday, with share value registered for trading equal to VNĐ693.4 billion (US$31 million). The five companies are 36 Corporation (G36), Sài Gòn-Nghệ…
Along with promotion programmes, banks have been expanding their networks in an aim to reach their annual targets. In recent months, more bank transaction offices and branches have opened to welcome both individuals and enterprises as customers. For instance,…
President Joko Widodo (Jokowi) has said Jakarta should aim to become the global sharia financial center as Indonesia has the worlds largest Muslim population. “Ive ever conveyed (it) to chairman of the Financial Services Authority (OJK) that it is natural if…
Bank Negara Malaysia, Bank Indonesia and the Bank of Thailand (BoT) signed two bilateral memoranda of understanding (MoUs) yesterday to facilitate the use of local currencies for settlements of trade and investments. A joint statement said Bank Negara and…
Most local and mainland retail investors will trade funds on an online platform if the Hong Kong Exchanges and Clearing sets up and operates one, according to a Hong Kong Investment Funds Association survey. The poll showed that 81 percent of mainlanders…
Local retail banks achieved a moderate 4.5 percent growth in pre-tax profit between January and September this year, the Hong Kong Monetary Authority said yesterday. Annualized net interest margin — which measures the difference between the interest income…
Hong Kong’s retail banks saw a modest rise in profits in the first three quarters of the year thanks to improved income from foreign exchange activities. According to figures from the Hong Kong Monetary Authority, retail banks in the city saw their pre-tax…
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