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Indonesia’s lawmakers call for caution over central bank reform
INDONESIAN lawmakers called for caution over proposals to reform the central bank amid investor worries the changes would erode its independence.
S&P 500 ends down after late reversal despite Fed's low-rate stance
NEWYORK: The S&P 500 ended lower on Wednesday, reversing gains late in the day as losses in technology shares outweighed a Federal Reserve statement that stoked optimism it would keep U.S. interest rates near zero for a prolonged period
Campaign to support home-grown brands
LOCAL businesses are reeling from the impact of the Covid-19 pandemic.
Bank Negara adopts balanced approach for digital banks
KUALA LUMPUR: Bank Negara Malaysia (BNM) has adopted a balanced approach to enable the admission of digital banks with strong value propositions and the ability to preserve the integrity and stability of the financial system, said Deputy Finance Minister II Mohd Shahar Abdullah.
Grab in talks with Prudential, AIA for fintech investment
SINGAPORE: Southeast Asia's Grab is in advanced talks with Prudential PLC, AIA Group Ltd and others as it seeks $300 million to $500 million in investment for its financial services unit, people with direct knowledge of the matter told Reuters.
Watsons launches #FeelGreatwithLokal campaign to support local brands.
Watsons members get rewarded with Cuti-Cuti Lokal packages
Indonesia's forex reserves rise to new record high in August
JAKARTA, Sept 7 (Xinhua): Indonesia's foreign exchange (forex) reserves rose to a new record high in August due to tax collections, government foreign borrowings and oil and gas revenues as well as the central bank's strengthened capabilities of anticipating market volatility amid the Covid-19 pandemic.
Zaharudin Daud is new MNRB group CEO
KUALA LUMPUR: MNRB Holdings Bhd (MNRB) has appointed insurance veteran Zaharudin Daud as group chief executive officer (GCEO) designate effective Tuesday.
From 'warung' to insurance and e-money ‑ Indonesia sees tech as key to surviving pandemic and beyond
JAKARTA (The Jakarta Post/ANN): Technology has become a key tool for businesses to survive during the pandemic and going forward, it should benefit all existing sectors in Indonesia’s economy, from warung (kiosk) to the manufacturing industry, industry insiders say.
