Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR (Bernama): ARB Bhd
plans to deploy Internet of Things (IoT) and information technology (IT) to a mixed development project in Phnom Penh, Cambodia, in a deal valued at not less than US$100mil (RM413.8mil).
Its wholly-owned subsidiary Arbiot Sdn Bhd today signed a memorandum of understanding (MoU) with Chean Chhoeng Thai Group Co Ltd (CCTG) to provide the IoT and IT solutions for CCTG's US$1.5bil The City Gate project.
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