NETS will share with Myanmar’s national payment network its technical and operational knowledge on Singapore’s unified e-payment system for QR codes – the Singapore Quick Response (SGQR) Central Repository platform, with the intention of implementing a similar platform in the South-east Asian country. This is the first project under the new payment technology exchange and development […]
Read MorePresident Bounnhang Vorachit has voiced the Lao government’s support for the China-led Belt and Road Initiative, saying the global project will help to transform Laos from being landlocked into a land link. Speaking at a session of the Second Belt and Road Forum for International Cooperation in Beijing last weekend, the president said the Belt […]
Read MoreInvestment Alert Tax Force chairman Tongam L. Tobing has said the investment watchdog found 144 unlicensed peer-to-peer (P2P) lending platforms, including those operating from foreign countries such as China, Malaysia, Singapore and the United States. The Financial Services Authority (OJK) previously said it had blocked hundreds of unlicensed P2P lending websites and applications. However, unlicensed platforms could easily be […]
Read MoreThe Eastern Economic Corridor (EEC) is the government’s flagship scheme aimed at creating jobs in three strategic provinces of eastern Thailand: Chachoengsao, Chon Buri and Rayong. The scheme is the continuation of the Eastern Seaboard Development initiated in 1982. The three provinces have been promoted as industrial zones for almost four decades. Many multinational companies […]
Read MoreCambodia and China have signed a memorandum of understanding (MoU) on tourism cooperation for 2019-21, one which aims to attract more Chinese tourists and investors to the Kingdom. The MoU was signed by Cambodian Minister of Tourism Thong Khon and Lin Jingzhen, Bank of China executive vice-president, during the second Belt and Road Forum for […]
Read MoreThe 10 members of the association along with China, Japan and South Korea, in their summit earlier this month, announced that they have devised a specific plan to include local currencies in their financial transactions to reduce Asia’s reliance on the US dollar. According to a report by business journal Nikkei Asian Review, the association […]
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