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Thailand: Hopewell, govt trade threats

Transport Minister Saksayam Chidchob has downplayed a threat from Hopewell (Thailand) Co regarding a criminal lawsuit against the government for failing to pay several billion baht in compensation over a cancelled transport project about two decades ago. Saying the matter should be left to the court to decide, Mr Saksayam dismissed the company’s legal threat […]

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Singapore: MAS issues 3 crypto licence in-principle approvals

SINGAPORE has awarded 3 more in-principle approvals for its much-coveted digital payment token (DPT) licence that allows companies to offer crypto services. The applicants were not named. The move was announced on Wednesday (Jun 22) in a speech by Deputy Prime Minister Heng Swee Keat, who reiterated Singapore’s desire to work with blockchain and digital […]

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Philippines: BOP deficit widens further in May

MANILA, Philippines — The Philippines recorded its widest balance of payments (BOP) deficit in 15 months at $1.61 billion in May, 2.6 times the $415 million shortfall recorded in April as the national government settled more foreign debt, according to the Bangko Sentral ng Pilipinas (BSP). The BOP deficit in May was the biggest since […]

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