Grab-Singtel digital bank to launch savings account offering daily interest
GXS chief executive Charles said the digital bank will calibrate the conditions, including the cap on deposits, based on customers’ behaviour and demand.
Finance
Korean financial groups make aggressive expansion in Vietnam
One competitor, Woori Bank, raked in a net profit of 23.8 billion won in the first half of this year from its business in Vietnam, up 128.5 per cent from the previous year.
Philippine Department of Agriculture pushes boost to salt making
Early August, the Philippine Chamber of Agriculture and Food Inc., called for a budget for the local salt industry as the country was sourcing 93 percent of its salt needs from…
Indonesian fintechs look abroad for new growth
Indonesia has long been identified as one of the most promising markets in the region, but after years of rapid domestic growth, firms are looking for better opportunities…
China mulls allowing foreign groups to establish finance firms
Foreign multinational groups will be able to establish finance companies directly or through foreign-funded investment companies established in China.
Lawmakers float bill to triple tax benefits for chipmakers
The new bill, unveiled on Aug 2, is designed to triple the tax incentives for chipmakers– an apparent move to encourage more investment from semiconductor players.
India’s bullet train cost overrun hits Rs 1.67-lakh crore mark
Although The Mumbai-Ahemdabad High Speed Rail Corridor was initially planned for completion by 2023, the project has witnessed multiple extensions since then.
Seoul mayor to expand efforts in building rental homes for low-income youths
The capital city's minimalist units will come furnished with quality electronics, including Samsung's top-range Bespoke refrigerator.
‘Digital tax’ pours $167 million into Indonesia’s state coffers in first half of 2022
Rp 2.47 trillion came from VAT on transactions made through electronic systems on digital platforms like Google, which the government has collected since 2020.
Thai lenders step in after Myanmar blocks foreign currency repayment
Thai businesses have been advised to seek funding sources in Thailand or other countries after the Central Bank of Myanmar suspended loan repayment in foreign currencies.