Here’s what you should know today.

1. Indonesian Stock Exchange sets up startup incubation program

Startups will receive training, a space to work, as well as “access to venture capital and listed companies.” Said the IDX. There’s a fee of roughly $75 per person per month to participate in the six-month program.

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2. Philippine central bank regulates Bitcoin

The Philippine central bank has decided to regulate virtual currencies, particularly Bitcoin, with more and more people using it to transfer money across borders.

In Manila, Bitcoin is largely used for remittances and payments – with transaction volumes reaching up to $6 million per month for certain major players. Bitcoin companies are now to be treated as remittance companies in the capital.

Read the rest of the story here.

 

3. Shopmatic is seeking to get Indian players to sell online

When people say `go online’ in India, most businesses would translate that to sell on Facebook, Flipkart and Amazon or more recently on Paytm. They are not likely to look at a specific tool to achieve this and are unlikely to consider a standalone online property, as that requires a lot of brand-building and trust.

Some players are tired of parting with high commissions and playing second fiddle to `other brands’ on a marketplace. For them, Shopmatic may offer the best value.

Read the rest of the story here.

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