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…
Finance
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.
Cryptocurrencies should be prohibited: Indian Finance Minister
The minister also said that the Indian government is looking for an international collaboration if such a ban or regulation was to be put into effect.
Chinese regulator stresses banks’ role in delivery of presold homes
As of mid-July, homebuyers in about 150 property projects across multiple cities refused to make mortgage payments due to delayed delivery of their presold homes.
THB3.99 billion set aside for purchase of Favipiravir, ATK test kits
Proposed by the National Economic and Social Development Council, they are necessary to cope with the current Covid-19 situation, which is expected to worsen.