Standard Chartered has revised down its forecast for Vietnam’s gross domestic product (GDP) growth this year from 6.5% to 4.7%. The country’s GDP in 2022 was predicted to expand 7%, lower than the 7.3% projected earlier, the local media reported. Due to low economic indicators, the serious developments of the Covid-19 pandemic and slow Covid-19 […]
Read MoreTHE Monetary Authority of Singapore (MAS) has stopped Binance.com from carrying on its unlicensed payment services, and put the crypto exchange on its Investor Alert List. The move by Singapore’s central bank mirrors a crackdown on Binance’s operations by regulators around the world. On Thursday, an MAS spokesperson said the central bank has reviewed Binance.com’s operations and is of the view that […]
Read MoreFor developing countries, as we are still bolstering vaccinations and our stimulus is not as big as developed countries, we have to recover, be stronger and more resilient, as well as create various reforms. Jakarta (ANTARA) – Bank Indonesia (BI) Governor Perry Warjiyo underlined the importance of establishing strong economic resilience in Indonesia in order […]
Read MoreAsean e-commerce will evolve from infancy to a more mature stage with premium products, innovation, creativity and new customer experiences, says Lazada, a major regional firm in the sector. Online shopping in Asean is forecast to reach US$172 billion by 2025, about 2.8 times the 2020 volume, the firm said. “In the pandemic, resilience and […]
Read MoreMANILA, Philippines — Loans released by big banks shrank for the eighth straight month, although at a slower pace of 0.7 percent in July from two percent in June, as consumer lending contracted further due to rising COVID-19 infections with the emergence of the highly contagious Delta variant. Preliminary data released by the Bangko Sentral […]
Read MoreGlobal payment network Roxe is trying to persuade the National Bank of Cambodia (NBC) to adopt its new Central Bank Digital Currency (CBDC). It says it will give qualifying central banks free access to the programme, which allows countries to issue secondary or primary sovereign, fiat currencies back by a standardised Bitcoin hashrate. Fiat currencies […]
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Thailand
