Author: Journalist

Despite these restrictions, Cambodia remains a significant player in the crypto market, ranking among the top 20 nations for retail crypto usage per capita. Cambodia has taken a decisive step in regulating cryptocurrencies by blocking access to 16 exchange websites, including Binance, Coinbase, and OKX. The Telecommunication Regulator of Cambodia (TRC) enforced the block on platforms without licences from the country’s Securities and Exchange Regulator (SERC). While website access is restricted, mobile apps for these platforms remain operational. This move aligns with Cambodia’s cautious approach to cryptocurrency, where only two entities operate under a regulatory sandbox. These licensed platforms are…

NERVOUS investors sold off South Korean heavyweight stocks yesterday after the shock move by the country’s President Yoon Suk-yeol on Tuesday (Dec 3) night to declare martial law.Although the decree was lifted within hours, the South Korean market was still affected by the ongoing political uncertainty as opposition lawmakers filed a motion to impeach Yoon. The country’s finance ministry had said before the market opened that it was ready to deploy “unlimited” liquidity into financial markets if needed.The benchmark index Kospi closed 1.4 per cent lower on Wednesday, dragged down by losses in major companies such as Samsung, Hyundai Motor and…

It has been increasingly clear over the past five or so years that ESG is no longer just a ‘nice-to-have’. There is real risk in getting it wrong, and businesses that don’t pay proper attention to the ‘S’ risk falling behind. The social aspect of ESG covers a wide range of issues, including labour practices, community engagement, human rights, and employee relations. Companies that neglect these areas risk not only their reputation but also their long-term viability. Companies must ensure fair wages, safe working conditions and respect for workers’ rights, as poor labour practices can lead to strikes, legal…

GENERAL Motors will incur more than US$5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s largest car market. The carmaker expects to write down the value of its joint-venture operations in China by as much US$2.9 billion, it said in a securities filing on Wednesday (Dec 4) that prompted a 3 per cent stock drop in premarket trading. The company will also take another US$2.7 billion in charges for costs to close factories and restructure its operations in China. The moves mark the culmination of years…

Memecoin issuance platform GraFun is expanding today to the TON Network, the third blockchain after Ethereum and BNB Chain, in a bid to capture newer audiences.Expanding to TON could help GraFun capture newer audiences, tap into higher liquidity for meme issuances and increase the platform’s visibility among crypto traders.“Creating and trading memecoins directly inside Telegram, one of the most popular messaging apps in the world, is almost here,” a GraFun developer told CoinDesk over Telegram message. “After launching 14k memecoins and generating more than $450M in trading volume on BNB Chain, GraFun is now making memecoin creation simple and fast…

Our privacy commitments This Privacy Policy outlines the information we may collect about you in relation to your use of our websites, events, related publications and services (“personal data”) and how we may use that personal data. It also outlines the methods by which we and our service providers may (subject to necessary consents) monitor your online behaviour to deliver customised advertisements, marketing materials and other tailored services. This Privacy Policy also tells you how you can verify the accuracy of your personal data and how you can request that we delete or update it. This Privacy Policy applies to…

FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers…

Losses can exceed deposits on margin products. Please ensure you understand the risks. Saxo Capital Markets Pte Ltd (‘Saxo Markets’) is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. No.: 200601141M ] and is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Risk Warning to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.Trading in financial instruments carries various risks, and is not suitable for all investors. Please…

Cryptocurrency speculators kept Bitcoin in sight of the landmark US$100,000 level in anticipation of further steps to support the sector by US President-elect Donald Trump.The digital asset traded at about US$97,000 as of 6.35 am on Wednesday in London, following a more than 40 per cent advance since Trump’s Nov 5 election victory. The Republican plans to undo a Biden administration crackdown on digital assets.Crypto-friendly candidates are vying to head the Securities and Exchange Commission and the Commodity Futures Trading Commission. Trump’s transition team has also held discussions over whether to create the first White House post dedicated to digital-asset…

Our privacy commitments This Privacy Policy outlines the information we may collect about you in relation to your use of our websites, events, related publications and services (“personal data”) and how we may use that personal data. It also outlines the methods by which we and our service providers may (subject to necessary consents) monitor your online behaviour to deliver customised advertisements, marketing materials and other tailored services. This Privacy Policy also tells you how you can verify the accuracy of your personal data and how you can request that we delete or update it. This Privacy Policy applies to…