Indonesia’s central bank is sending supervisors out to ensure local financial institutions aren’t defying the nationwide ban of crypto payments. During a virtual seminar, the bank’s governor reiterated that local financial firms and payment provided are prohibited from facilitating the use of cryptocurrency to settle payments or as an instrument used in other financial services. […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore’s number of millionaires could increase by more than 60 per cent from 2020 to 2025, according to Credit Suisse Group, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic. Singapore may have 437,000 millionaires by 2025 compared with 270,000 in 2020, according to […]
Read MorePETALING JAYA: S&P Global Ratings (S&P) has affirmed Malaysia’s foreign currency and local currency long-term issuer ratings at A- and A, respectively, with a negative outlook. In a statement, the Finance Ministry said the affirmation is testament to the country’s strong external position, monetary policy flexibility, recognised track record of supporting sustainable economic growth as […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) is urging the construction industry to go beyond the domestic market and tap opportunities overseas in order to thrive post-pandemic. During the Philippine Overseas Construction Board Virtual Construction Conference Monday, Trade Secretary Ramon Lopez urged the sector to consider opportunities available in the global market. […]
Read MoreThe move will help ensure the effective utilization of the Agreement on Singapore-Vietnam Economic Connectivity. The Vietnam-Singapore Industrial Park (VSIP), which has been a symbol for bilateral economic cooperation between the two countries, should be upgraded to become an environmentally friendly and high-tech industrial park model. Deputy Prime Minister Pham Binh Minh made the suggestion […]
Read MoreThe baht is expected to remain weak in the short term because the US Federal Reserve is likely to raise its policy rate earlier than projected. The local currency fell to 31.68 baht to the US dollar during trading yesterday, the lowest rate in 10 months. The baht’s depreciation is in line with regional currencies […]
Read More
Thailand
