The Bank of Thailand has distributed new THB20 banknotes made of polymer aimed at preventing forgery, the BOT announced. The BOT has started using the new polymer THB20 banknotes since Thursday and the public can exchange the notes at all bank branches around the country. The BOT said the THB20 banknotes already in circulation can […]
Read MoreThe plan also called for the local supporting industries to meet 70% of domestic demand and lift the localization rate in industrial sectors to above 45%. Vietnam aims to become a modern industrialized country and join the group of the world’s top 15 exporters by 2030. The move was revealed in the Ministry of Industry […]
Read MoreFEES generated from investment banking activities in Singapore fell 15.6 per cent to US$221.3 million in the year so far, compared with Q1 2021. This comes amid a decline in fees garnered from the debt capital markets (DCM), syndicated lending and advising on completed M&A (mergers and acquisitions) transactions. Meanwhile, fees generated from equity capital […]
Read MoreSoutheast Asia a very fertile ground for digital payments innovation, (BIS) Innovation Hub executive says A lot of room to grow in the internet economy in Southeast Asia, says the National Bank of Cambodia Cental banks in several Southeast Asian countries are exploring the use of digital currencies to enhance payments efficiency and to encourage start-ups and […]
Read MoreThailand’s exports beat expectations by growing 16.2% in February, driven by higher international demand on the back of global economic recovery and proactive trade promotions. More importantly, the Russia-Ukraine war has yet to affect Thailand’s international trade. The Commerce Ministry on Thursday reported customs-cleared exports fetched US$23.48 billion in February, with imports rising by 16.8% to […]
Read MoreMANILA, Philippines — The Bureau of Customs has automated roughly 82 percent of its procedures under the Duterte administration through its modernization program, an accomplishment that the BOC says allowed it to exceed its collection targets even during the pandemic. The BOC yesterday reported that it streamlined at least 139 of its 170 processes in […]
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