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Indonesia to Raise Crypto Transaction Taxes to 1 Percent on Offshore Platforms
Time 2025-08-05 20:46:04Starting August 1, Indonesia will hike taxes on cryptocurrency transactions, imposing a 1% levy on overseas platforms and eliminating VAT on digital asset purchases. The move highlights Jakarta’s intention to reshape crypto regulation as the sector... [More]
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Vietnam Advances International Financial Centre Plan Amid Trade Pressures
Time 2025-08-05 20:45:11Vietnam has advanced a long-awaited plan to establish an international financial centre in Ho Chi Minh City and Danang. The reforms aim to liberalize foreign exchange, attract capital, and develop a regional finance hub despite rising U.S. tariff thr... [More]
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Asian Equities Advance as Fed Rate Cut Expectations Rise
Time 2025-08-05 20:44:08Global markets rallied as growing expectations of U.S. Federal Reserve rate cuts bolstered sentiment across Asian equities. Asian currencies strengthened while technology stocks led gains amid mixed macro signals and geopolitical uncertainty. Market... [More]
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Singapore Launches $2 Billion AI Innovation Fund to Boost Regional Tech Leadership
Time 2025-08-04 21:05:28Summary The Singaporean government announced a new $2 billion AI Innovation Fund aimed at strengthening the country's position as a regional leader in artificial intelligence. The fund will support startups, research labs, and enterprise adoption... [More]
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OPEC+ Boosts Supply by 2.5M bpd, While Asia Oil Demand Cools in July
Time 2025-08-04 20:56:38OPEC+ has added 2.5 million barrels per day to global supply without sparking price volatility, but Asia’s oil consumption—especially in China—slid to its lowest 12‑month level in July amid weak industrial demand. 1. Production Expansion De... [More]
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ADB Cuts Growth Forecast for Developing Asia Amid Tariff Fallout
Time 2025-08-04 20:55:39The Asian Development Bank has downgraded its economic growth projections for 2025–26 in response to rising U.S. tariffs, trade disruptions, and regional economic headwinds, especially in Southeast Asia. 1. Updated Growth Projections ADB now expect... [More]
