JAKARTA, Sept. 27 (Xinhua): The Indonesian capital market recorded 2.3 million more investors during about one and a half years of the Covid-19 pandemic, bringing the total to 6.1 million, according to the Financial Services Authority (OJK). "This is based on a Single Investor Identification (SID) owned by investors," Tirta Segara, a member of the OJK Board of Commissioners for Consumer Education & Protection, said in an online discussion on Monday. The increase in new investors in the capital market generally came from the millennial group, he said, calling on relevant parties to take advantage of the high participation of those in productive ages in the capital market and any economic activities. Segara expressed hope that the high number of people with productive ages between 15 and 64 years old in Indonesia would lead the country to a golden era as there are more unicorns in the Southeast Asian nation. Indonesia is currently enjoying a demographic bonus with such a ... » Learn More about Indonesia’s capital market records 2.3 million more investors during pandemic
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Union Bank of the Philippines (UnionBank) was declared the “Bank of the Year 2020” in the Philippines by The Banker, regarded as the industry standard for global banking excellence. The prestigious award is given to the institution that has “outshone its peers in terms of performance, strategic initiatives and response to the COVID-19 pandemic.” In a statement, The Banker recognized UnionBank’s “bold efforts to push for greater financial inclusion through its fintech and corporate venture capital arm named UBX.” UnionBank was lauded for its spinoff UBX’s focus on the development of four new ventures, namely i2i, SeekCap, Bux and Sentro. In partnership with the Rural Bankers Association of the Philippines, i2i mainly used blockchain technology to bring unbanked communities in rural areas to digital banking. Meanwhile, the other three ventures were focused on assisting micro, small and medium enterprises (MSMEs) to grow and thrive amid the pandemic. SeekCap, for ... » Learn More about UnionBank named ‘Bank of the Year 2020’ in PH
The US-ASEAN Expanded Economic Engagement (E3) Initiative is a framework to promote increased trade, investment, and economic cooperation between the US and ASEAN. The E3 Initiative was originally launched at a US-ASEAN Leaders Meeting in Cambodia in 2012. It was part of then-US president Barack Obama’s “pivot to Asia” policy, as his country sought to make Southeast Asia a higher strategic priority in its foreign policy. Here, we offer an overview of the E3 Initiative and its importance for foreign investors in Southeast Asia. The E3 Initiative at a glance The US made the E3 Initiative a priority in 2012 to signal the country’s economic and political commitment to Southeast Asia, which had historically been uneven. Although the US and ASEAN already had a Trade and Investment Facilitation Agreement (TIFA) in place since 2006, the E3 Initiative promised increased efforts to facilitate trade and investment, strengthen the efficiency and competitiveness of trade flows and ... » Learn More about The US-ASEAN Expanded Economic Engagement Initiative
Presidential aspirant Isko Moreno has been on the receiving end of criticism for what people call fence-sitting or a lack of categorical answers when it comes to issues like Leila de Lima and the Duterte war on drugs. He’s been called “Duterte Lite” or “Duterte 2.0” as people speculate that his lack of clarity is proof that he is a puppet being controlled by President Rodrigo Duterte or that he would adopt his controversial policies if elected into Malacañang. Then there’s the sneering at a man once invited by opposition coalition 1Sambayan and suspected of being impostor who does not represent the “true opposition.” Veteran journalist and Inquirer columnist John Nery wrote that there's no way Isko can now be considered an opposition candidate. Two political analysts say fence-sitting is nothing new and Moreno likely won’t be the only candidate to be accused of this in the months ahead. With President Duterte still enjoying fairly high ... » Learn More about Duterte Lite: Is fence-sitting a sin or strategy in 2022 elections?
PETALING JAYA: The Health Ministry has given the green light to one-third of travellers into Malaysia from the 4,883 completed applications for home quarantine received through the Home Quarantine Application (HQA) portal. Its director-general Tan Sri Dr Noor Hisham Abdullah said it has so far approved 1,612 applications from the 4,883 complete applications received via the HQA portal, adding that it had processed 1,741 applications altogether from the portal which went live on Sept 21. He said that of the 5,947 individuals who made the applications, a total of 3,921 were Malaysians, followed by 1,910 non-citizens and 116 permanent residents. Dr Noor Hisham said the online application system was still in a trial stage and that the applications via the portal would be fully implemented from October. “We target more applications to be processed in less than three days after this. The system will be improved from time to time, and we would like to thank everyone for their ... » Learn More about Health DG: 1,612 applications through HQA approved for home quarantine so far
PETALING JAYA: The option for travellers arriving in Malaysia to undergo home quarantine also applies to those with permanent resident status or under the Malaysia My Second Home (MM2H) programme. They must have a home or residence in the country, produce a negative polymerase chain reaction (PCR) test result and be fully vaccinated. This comes following the announcement by Health Minister Khairy Jamaluddin (pic) that the “Jurassic process” of submitting email applications to undergo isolation at home would be replaced with a simplified Home Quarantine Application (HQA) portal from yesterday to ease the process. Submissions are to be made through the eCovid19 HQA portal, with each application allowing a maximum of 10 travellers under one quarantine address. Applications are also required to be submitted at least seven to 10 days prior to their arrival. The current application process on the portal requires applicants to fill up a form with information of their full name, ... » Learn More about Apply one week in advance
National – Thailand discovered a total of 9,489 daily Covid-19 infections with 129 additional deaths in the past 24 hours, the Center for Covid-19 Situation Administration (CCSA) reported today, September 28th. The number of daily infections becomes lower than 10,000 for the first time in the past three months. TPN media notes, however, that some critics have called out the government on not potentially recording rapid antigen test results amongst positive tests. The government, however, stated that anyone who tests positive on a rapid test must get a second confirmed RT-PCR test and that therefore the results are accurate. The fatalities were 65 men and 64 women with the most numbers recorded in Bangkok with 25. Of that, 122 were Thai nationals, three were Myanmar nationals, two were Cambodian nationals, and one of each was a Chinese and Iranian national. The age range was between 25 and 96 years old. Most of them were reported with underlying health conditions, including ... » Learn More about RECAP: Thailand finds 9,489 daily Covid-19 infections with 129 additional deaths