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Customers still heavily lean towards traditional processes when it comes to researching property, Le Toan PropertyGuru, the owner of batdongsan.com.vn, has been in difficulties in Vietnam with a sharp decrease in turnover. In its first quarter result released on May 23, Vietnam marketplace revenue decreased 34 per cent on-year to $2.4 million, as government actions to tighten credit continued to impact the overall number of listings in the market. “The number of listings was down 32 per cent to 1.1 million in the first quarter compared to the prior quarter. The average revenue per listing was in-line with the first quarter of 2022,” the company said. PropertyGuru operates in the three markets of Singapore, Malaysia, and Vietnam. Only the Vietnam market saw a loss in the first quarter. Hari V. Krishnan, PropertyGuru CEO and managing director, said that the company’s overall first-quarter results were a successful start to 2023 as its performance in Singapore and Malaysia … [Read more...] about Some way to go for proptech to hit home

At around 8 p.m. Nguyen Van Doanh and Luong Van Dat came on a motorbike without a license plate to Duc Nam jewelry shop in Dong Cam Commune, Kim Thanh District of the northern province. They entered carrying a gun and a pepper spray. The owner's family was inside the house at the back. One of the robbers used a hammer to smash the glass cabinets, took out jewels and gold bars and put them in a backpack, while the other brandished the gun at the owner's family. The owner's son, Nguyen Dang Ninh, also the commune police chief, ran towards them seconds later and tried to disarm the robber, but was shot in the arm and stomach. The robbers fled with the loot, but were arrested while hiding around 20 km from the shop. Ninh is being treated in a hospital in Hai Phong City. His conditions have not been revealed. It was raining at the time of the robbery and so there was hardly anyone on the streets to witness it. … [Read more...] about Two men arrested after robbing gold shop, shooting cop

Crypto assets, such as bitcoin , have little direct regulation globally, but regulators are taking a closer look after the downfall of FTX last year, which left millions of investors nursing losses totaling billions of dollars, some of them in Britain. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to put in place clear risk warnings and ensure adverts were clear, fair and not misleading. The new crypto rules, which are similar to those imposed by the FCA last year to tackle advertising for high-risk investment in mainstream finance, come as Britain plans to regulate crypto assets under a new financial services law this year. "It is up to people to decide whether they buy crypto. But research shows many regret making a hasty decision," said Sheldon Mills, executive director at the FCA's consumers and competition division. "Consumers should still be aware that crypto … [Read more...] about UK to curb crypto advertising with ‘cooling off’ periods, risk warnings