Greater use of the national currency is key to accelerating trade and increase tourism. Over the last few years the Director of the Statistics Department at the National Bank of Cambodia began observing an unanticipated development while conducting field observation studies of trade at border crossings – the riel is being accepted for purchases in […]
Read MoreThe Monetary Authority of Singapore (MAS) is looking at using distributed ledger technology (DLT) – better known as blockchain technology – in settlements for bond trading and cross-border payments. The central bank plans to test the technology in the bond trading and settlement cycle to make the process more efficient, in a project to be […]
Read MoreJAKARTA: Indonesia’s central bank has cut borrowing costs enough to spur growth in the economy, senior deputy governor Mirza Adityaswara said, giving his clearest signal yet that the bank’s easing policy is over as inflation pressures pick up. Boosting growth is “not about interest rates anymore,” Adityaswara said in an interview here yesterday. “We monitor […]
Read MoreMANILA, Philippines – Trade ministers from the 10 member countries of the Association of Southeast Asian Nations (ASEAN) are meeting in Manila to map out plans on how to further strengthen partnerships in the region. Increasing trade and investment, integrating micro, small and medium enterprises (MSMEs) in the global value chains and developing an innovation-driven […]
Read MoreThe 7th Myanmar International Gems, Jewellery and Watch Expo 2017 will be held at Myanmar Gems Trade Centre in Yangon from March 24 to March 27. A local jeweller examines gems and pre-cious stones on a ring. Photo – Supplied The expo will feature 50 booths from 11 countries and territories – Thailand, Hong Kong, […]
Read MoreThe state-owned Export-Import Bank of Thailand (Exim Thailand) will open its first overseas representative office in Yangon, Myanmar, next month to help Thai investors who are expanding into the neighbouring market. “Exim Thailand is ready to support Thai entrepreneurs who wish to expand their export markets or relocate their factories to Myanmar with a view […]
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