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DBS, a Singaporean financial institution, is expanding its operations in mainland China by acquiring a bond underwriting license. With this license, the bank’s China division is now permitted to function as a principal underwriter for non-financial corporate…
Sun PhuQuoc Airways, a Vietnamese airline company, recently received extended certification from the Civil Aviation Authority of Vietnam, which now permits it to operate international flights. This significant development, following a stringent evaluation…
Retail giant Alibaba Group is ramping up its game as it unveils plans to expand its wholesale business, unveiling a transformative strategy that aims to penetrate deeper into Southeast Asia’s burgeoning e-commerce market. With a firm belief in the region’s…
The local authorities of Ho Chi Minh City recently suspended an English language center, Than Dong 8 branch, which was found to be operating without the necessary licenses. This action was taken after the center, situated in Go Vap District, was subjected to…
China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country. The permits, awarded by the southwestern municipality of…
Samsung has received permission to invest an additional $920 million in its electronic components plant in the northern province of Thai Nguyen. The license, awarded to the South Korean’s electronics giant’s Samsung Electro-Mechanics unit, will increase its…
After announcing plans to expand in Switzerland, the trading crypto exchange has now found someone to lead its Swiss business. Seychelles-based Bitmex is appointing Ivo Sauter as chief executive of Bitmex Link Switzerland, according to his Linkedin profile.…
The crypto payments firm is the fourth to receive a digital payments token (DPT) license in the city-state. The Monetary Authority of Singapore (MAS) has awarded a DPT license to TripleA, allowing the company to provide end-to-end cryptocurrency payment…
Huawei announced it has reached a license agreement with a supplier of Volkswagen Group. The agreement includes a license under Huawei’s 4G standard-essential patents (SEPs), which covers Volkswagen vehicles equipped with wireless connectivity. This agreement…
A crowded field of contenders are vying for the five licenses on offer by Bank Negara Malaysia. The race for digital banking licenses digital banking license is heating up, with more than a dozen applications involving over 50 companies submitted before the…
The platform, which caters to the financing needs of micro, small, and medium enterprises (MSMEs) in the country, experienced strong growth in 2020. Batumbu, a subsidiary of Singapore-based Validus, has received regulatory approval to operate as a licensed…
Home-grown MyNews Holdings Bhd, which already operates some 570 stores, is bringing a South Korean convenient store brand to the Malaysian market. At its headquarters in Kota Damansara, the convenience store operator announced that its wholly-owned subsidiary…
The Planning and Investment Ministry has suggested that the PM delays his approval to new carrier KiteAir’s investment proposal over Covid-19 impacts. The establishment of the new airline would add to the business woes wreaked on the local aviation industry…
A joint-venture by India’s Adani Gas and France’s Total will soon seek government permission to open retail fuel stations in India, Adani’s chief executive said on Wednesday. India has become a lucrative market for global oil majors after the government…
Standard Chartered has released details of its virtual bank in Hong Kong, set to be launched later this year in partnership with PCCW, Hong Kong Telecom (HKT) and Trip.com. The Mox virtual bank will offer customers a suite of retail banking services, as well…
Several Chinese fintech firms have submitted a bid to the Monetary Authority of Singapore to operate a digital bank in the city-state. By the application deadline on Tuesday, Chinese firms that submitted bids for a digital banking license in Singapore…
