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The world is watching Malaysia’s handling of the 1MDB probe: Expert

Ei Sun Oh of the Asian Strategy Leadership Institute says the markets want to see the new government in Malaysia follow a robust legal process as it investigates former Prime Minister Najib Razak. Watch the video at https://www.cnbc.com/video/2018/05/22/the-world-is-watching-malaysias-handling-of-the-1mdb-probe-expert.html SOURCE: CNBC (3)

New rules in Singapore to benefit blockchain based or peer to peer trading

The Monetary Authority of Singapore (MAS) today issued two consultation papers to improve market operators’ business flexibility when establishing new centralised trading facilities and speed to market when launching new products. The proposals are part of MAS’ broader objectives to facilitate innovation in financial services by recognising emerging new business models while safeguarding investors’ interest. […]

Paytm buys TicketNew from Alibaba

Paytm has acquired TicketNew — a Chennai-based online ticketing startup — in an all-stock deal to strengthen its entertainment ticketing business. Paytm Entertainment, run by the online payments major, has bought out the majority stake held by Alibaba Pictures — an arm of China’s internet behemoth Alibaba — valuing the company at around $30 million. […]

China to slash import tariffs on cars

China will cut import tariffs on cars and auto parts by 15 percent to 25 percent from July 1, the Ministry of Finance announced. Read the full story at https://www.shine.cn/biz/auto/1805235054/ SOURCE: SHINE (3)

Epicor’s Cloud Story: Insight 2018, Nashville

“We Don’t want to make Cloud a Religion (for ERP)” – CTO Himanshu Palsule In its latest move in support of the worldwide trend towards the Cloud, Epicor Software Corporation, announced its expanded partnership with Microsoft at its Customer Conference in Nashville. This partnership will see the availability of Epicor ERP to more global customers […]

500 days and a billion barrels of lost oil pushes crude to $80

Editor’s note: ETV recently featured a piece where a Macquarie analyst said that its was possible for the Malaysian government’s revenue to stay in the green even with the reintroduction of fuel susbsidies. He said that this was because original forcasts were based on crude oil prices of USD$50 a barrel. The price of crude […]

China’s energy development accelerates due to international cooperation

With the start-up of its second ethylene cracker in south China this month, the cooperation between China National Offshore Oil Corporation (CNOOC) and Shell Petrochemical Company entered a new stage. Read the full story at http://www.xinhuanet.com/english/2018-05/21/c_137193476.htm SOURCE: Xinhuanet (0)

Who will win in the race to sell best value items online?

Sucharita Kodali of Forrester Research says the “trillion-dollar question” for investors is picking a winner between firms like Amazon and Walmart in the race to sell low-priced goods. Watch the video at https://www.cnbc.com/video/2018/05/17/a-nasty-ugly-fight-in-retail-lies-ahead-analyst.html SOURCE: CNBC (6)

How Malaysia could offset the removal of GST

Nizam Idris of Macquarie says expenditure cuts are likely to come from a reduction of manpower in Malaysia’s ministries. Watch the video at https://www.cnbc.com/video/2018/05/16/how-malaysia-could-offset-the-removal-of-gst.html SOURCE: CNBC (8)

Despite India’s crackdown, new cryptocurrency exchanges are still coming

India’s central bank has forbidden banks from having any business relationships with cryptocurrency exchanges.However, instead of killing the ecosystem, more cryptocurrency exchanges are now planning to launch in India. Read on to find out why exchanges are not giving up on this market and how they are hedging their bets. Despite India’s crackdown, new cryptocurrency […]

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