Despite deployment ban MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) are expected to remain stable despite the possibility of a total deployment ban to Kuwait, according to the Bangko Sentral ng Pilipinas (BSP). “Notwithstanding the said deployment ban to Kuwait, cash remittances of OFWs coursed through the banking system may remain stable as […]
Read MoreSINGAPORE (AFP) – Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across Southeast Asia, with Chinese billionaire Jack Ma and ride-hailer Grab among those seeking licences. Traditional banks are being challenged by a new generation of online-only competitors that can offer better savings and […]
Read MoreLaos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to make conversions through other currencies as was done previously. Governor of the Bank of the Lao PDR, Mr Sonexay Sithphaxay, and Governor of the People’s Bank of China, Mr Yi Gang, […]
Read MoreCambodia and Vietnam have now begun working on border checkpoints with the aim to promote cross-border trade exchanges between the countries. The first-round meeting of the joint working group on Vietnam Cambodia border gates took place last week in Vietnam’s capital Hanoi, where the two countries evaluated the current operation of the border gates. “The […]
Read MoreBangkok Bank (BBL) plans to add an advisory feature to the Bualuang m-Banking mobile app in March as a means to generate fee income from the digital platform. The new feature, covering mutual funds and bancassurance, will focus on transactional banking services to provide more convenience for customers and generate higher fee income for the […]
Read MoreHanoi and Vientiane are top two cheapest cities in Asia for backpackers to visit in 2020 while Bangkok offers the cheapest prices for a meal, a study conducted by UK-based Alpha Travel Insurance has revealed. Hanoi, the capital of Vietnam, tops the list of 31 destinations listed on the company’s guide titled “Backpacker Index — […]
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Thailand
