SINGAPORE: Singapore’s central bank has told financial firms to be vigilant to any suspicious transactions or fund flows between the city-state and Myanmar, a circular seen by Reuters showed, citing concerns over the potential for financial crimes. In the Feb 25th circular, the Monetary Authority of Singapore (MAS) reminded all chief executives of financial institutions […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to extend temporary regulatory relief measures to convince banks to offload soured loans even at substantial discount to ensure a sound and safe financial system amid the global health crisis. In a draft memorandum, the central bank said the proposed measures would encourage BSP-supervised financial […]
Read MoreThe annual Songkran festival will be allowed to go ahead next month to stimulate tourism and the economy, but celebrations must comply with disease control measures, triggering some health concerns from a senior physician. Prime Minister Prayut Chan-o-cha on Wednesday signalled further easing of travel restrictions to stimulate the economy, saying the Songkran festival could […]
Read MoreInnovation in Vietnam’s e-commerce industry this year will focus primarily on payments, logistics, and digital technology. In 2020, major online shopping platforms in Vietnam added games and livestream services. Tran Tuan Anh, managing director at Shopee Vietnam, said during the time of social distancing, Vietnamese consumers began to switch to online platforms for both essential […]
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Thailand
