The Bank of Thailand (BOT) wants to see commercial banks boost their digital services in order to match the increasing demand for online transactions, said Siritida Panomwon Na Ayudhya, the central bank’s assistant governor, Payment Systems Policy and Financial Technology Group. She added that the central bank had witnessed a decline in errors and downtime […]
Read MoreIndonesia is pushing for a travel corridor arrangement for Southeast Asian countries to be in place in the first three months of 2021. President Joko Widodo said a declaration on the travel corridor will be issued during the ongoing Asean Summit. Indonesia proposed the move in June, when Thailand and Malaysia said they backed the […]
Read MoreShifting businesses and enterprises into an intelligent and connected virtual space is no longer an option but a necessity to survive, primarily due to the added pressure brought about by the pandemic, a study by Deloitte said. Stephan Neumeier, online security company Kaspersky’s managing director for the Asia Pacific, said: “The Asia Pacific’s level of digitisation […]
Read MoreThailand and fellow Asean members have clinched a deal to ease the flow of essential medical goods and supplies to fight the pandemic. Commerce Minister Jurin Laksanawisit said he and fellow Asean economic ministers virtually signed a memorandum of understanding (MoU) on Tuesday to facilitate the imports and exports of 152 medical goods amid the […]
Read MoreConsumer credit applications rose 53 percent in the third quarter of 2020, compared with figures for the second quarter of the year, according to a Credit Consumer Index report by the Credit Bureau of Cambodia (CBC). The CBC is the leading provider of credit information, analytical solutions and credit reporting services to banks, microfinance institutions, […]
Read MoreMANILA, Philippines — More foreign direct investments (FDI) flowed into the country for the fourth straight month in August, surging by 46.9 percent to $637 million on renewed investor confidence despite the raging coronavirus pandemic, according to the Bangko Sentral ng Pilipinas (BSP). The strong performance in August slowed the pace of decline during the […]
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