Bangladesh Banks may lose 40% assets if global standards followed: FRC
At present, financial institutions in the country operate in line with the central bank's directives while the international standard is not followed.
Business
Bank of Indonesia to launch domestic credit card system
President Joko “Jokowi” Widodo deems such independence essential to shield transactions from geopolitical fallout.
Innospace launches world’s first hybrid rocket
The South Korean startup’s liftoff marks the first space vehicle launch by the country’s private sector.
Adani suspends work on $4.2b project in Gujarat
The group asked suppliers to suspend all activities of the scope of work and performance of all obligations till further notice.
Mayo Clinic only acting as consultant for Bali International Hospital
However, they have not ruled out the possibility of more collaboration in the future.
Taste of Korea opens in HCM City
MM Mega Market Vietnam kicked off the “Taste of Korea” programme, bringing nearly 200 signature Korean products to local customers.
Siem Reap-Yunnan ties set to grow
The bulk of Yunnan-backed projects are large-scale, long-term and will significantly contribute to economic growth, a statement said.
Korea’s luxury fever nurtures label-loving kids
Luxury brand items are now being coveted by young Koreans, particularly those in their 20s, irrespective of their income.
Chinese tea brands widen their reach, placing Southeast Asia high on the agenda
Southeast Asia has been their first option as they see market potential due to its large number of young customers.
Mayo Clinic opens first Southeast Asia office in Jakarta
According to the executive medical director, Indonesia was an important market as it had a good stream of patients coming from the country.