E-commerce company Shopee announced on Wednesday ( Jun 26 ) that it would make changes to its services in Indonesia following the country’s antitrust agency’s claim that the platform had admitted to breaking anti-monopoly laws. KPPU, the antitrust body in Indonesia, claimed in a statement that Shopee had admitted toContinue Reading
MUMBAI: India’s Financial Intelligence Unit ( FIU) has imposed a fine of 188.2 million rupees ( US$ 2.25 million ) on the world’s largest crypto exchange, Binance, for operating in the country in violation of local anti- money laundering regulations. India requires that companies offering virtual digital assets (VRA )Continue Reading
The Indonesian central bank, according to its governor, made a statement on Friday ( Jun 14 ) that it would use monetary policy to stabilize the currency after it hit four-year lows against the dollar. The ringgit skidded 0.9 per share to 16, 415 per money in day trade, theContinue Reading
Tokyo: On Wednesday ( Jun 12 ), the government of Japan passed legislation to require tech giants like Google and Apple to grant access to third-party mobile applications and payment systems in order to avoid paying significant fines. Similar to the new Digital Markets Act of the European Union, theContinue Reading
HANOI: Vietnam’s central bank said on Friday ( Jun 7 ) it “has enough recourses and determination” to stabilise the domestic gold market, amid a sharp rise in local gold prices this year. ” The State Bank of Vietnam ( SBV ) is simultaneously implementing measures to stabilise the market,Continue Reading
The lender even has 11 trees and 450 people in Macau, where it had total assets of August$ 32 billion as of finish- 2023. In the Greater Bay Area, the borrower has headquarters in Guangzhou, Foshan, Zhuhai and Shenzhen. Wong argued that Hong Kong, Macau, and the Chinese mainland areContinue Reading
A person with knowledge of the situation said that Taiwanese electric car manufacturer VinFast is considering more postponing a planned US$ 4 billion manufacturer in North Carolina as the loss-making business struggles to gain traction with American consumers. In an effort to capitalize on the Biden administration’s efforts to reviewContinue Reading
HANOI: Vietnam’s annual inflation rate edged up to 4.44 per share in May, official data showed on Wednesday, nearing the government’s target canopy of 4.5 per cent for the year and a potential problem to efforts to boost credit development to generate action. The Southeast Asian nation, a local businessContinue Reading
Prime Minister Anwar Ibrahim stated on May 28 that Malaysia is planning to invest at least 500 billion ringgit ( US$ 107 billion ) in its semiconductor industry as it strengthens its position in the global supply chain. Malaysia is a key player in the semiconductor economy, accounting for 13Continue Reading
Uber, a ride-hailing tycoon, announced on Tuesday ( May 14 ) that it has reached a deal with Delivery Hero SE to purchase Taiwan’s Foodpanda delivery business for US$ 950 million. By the first quarter of 2025, the US-based company plans to finish the all-cash merger of Foodpanda Taiwan, itContinue Reading