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MUFG Bank Ltd anticipates that the ringgit will fortify to 3.70 against the U.S. dollar by the end of 2026. This expectation is bolstered by an enduring appreciation cycle fueled by robust structural fundamentals. Predictions by Senior Currency Analyst Lloyd…
On Tuesday morning, the U.S. dollar experienced a minor decrease in value against the Vietnamese dong. This occurred concurrently with a global sell-off. Vietcombank, an established bank in Vietnam, recorded a 0.007% drop in the greenback, selling it at…
The U.S. dollar strengthened against the Vietnamese dong Monday morning. Vietcombank sold the dollar at VND25,474, up 0.06% from the weekend. The greenback is sold at VND25,740 on the black market, down 0.04%. The State Bank of Vietnam (SBV)’s reference rate…
Standard Chartered has reduced Vietnam’s GDP growth forecast for this year by 0.7 percentage points to 6.5%. In a release Thursday the British bank said it amended the forecast it had made in January of 7.2% growth after considering external factors more…
The Lao Government has decided to raise the monthly minimum wage from LAK1.2 million (nearly US$70) to LAK1.3 million starting May 1 to ease workers’ difficulties amid soaring inflation and economic uncertainties. The decision was made at the Lao Government’s…
Lender Eximbank has tripled profits year-on-year for the third quarter to over VND1.278 ($51.5 million). Its net interest income doubled, and non-interest income from services and foreign exchange businesses grew in double digits. Its profits for the first…
The development of technology and growing internet presence have created a lot of opportunities for modern-day businesses. There is hardly an industry sector left that hasn’t experienced the benefits, but among them, ecommerce has benefited the most.…
Mobile money adoption and use saw continued growth in 2021, processing a record $1 trillion annually, according to the GSMA’s 10th annual “State of the industry report on mobile money”. The industry enjoyed a substantial increase in the number of registered…
The pioneer of central bank digital currency, China recorded its first case of money laundering via the electronic yuan. Officials arrested 11 members of a criminal group in the Fujian province last week for allegedly laundering money using the country’s…
Vietnam leads globally in cryptocurrency adoption with 41 percent of respondents claiming to have bought Bitcoin and the like, according to a recent survey. Twenty percent of Vietnamese said they had purchased Bitcoin, the highest among 27 countries polled…
The bank has named a long-standing stalwart to enhance HSBC’s client proposition in Qatar. HSBC has named Ibrahim Al Abed as its head of private banking in Qatar, according to an announcement on Wednesday. Based in Qatar, Al Abed reports to Sobhi Tabbara,…
AirAsia Bhd has expanded its airasia super app to provide financial products and services under the “airasia money” banner, beginning with a partnership with financial comparison platform RinggitPlus. Through its partnership with the platform, airasia money…
Vietnam’s Prime Minister Nguyen Xuan Phuc has given the green light for the Mobile Money pilot project, thereby allowing mobile phone subscribers to use their telecommunications accounts to make money transfers and payments up to a limited value for products…
The long-haul budget carrier AirAsia X Bhd has run out of money and needs to raise up to 500 million ringgit (US$120 million) to restart the airline, according to deputy chairman Lim Kian Onn. The Malaysia-based affiliate of AirAsia Group said this month it…
Parents, three children, and a money exchange owner were arrested by Hong Kong customs over alleged money laundering of nearly $400 million. Investigations first kicked off in 2018 after a tip-off from a bank and since then, the family made 6,000 «suspicious…
Health and beauty retailer AS Watson has opened up its Moneyback loyalty program to help retailers in Hong Kong promote their businesses for free in preparation for an easing in the coronavirus pandemic. “The pandemic has hit every community hard in many…
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