THE Monetary Authority of Singapore (MAS), JPMorgan and Temasek have developed a blockchain-based prototype that enables payments to be made in different currencies on the same network. This multi-currency payments network has the potential to improve cost efficiencies for businesses, said MAS, which led its development. It is undergoing industry testing to determine its ability […]
Read MoreThe proportion of retail investors in total market trading value has dwindled by half amid changes in investor behaviour and the advent of high-speed algorithmic trading programs. Montree Sornpaisarn, chief executive of Maybank Kim Eng Securities Thailand, which has the largest market share in Thailand, said high-speed algorithmic trading programs, especially those related to arbitrage […]
Read MoreThe annual 11.11 Singles’ Day Sale has become an event for both shoppers and e-commerce merchants across Southeast Asia, recording online sales that exceed all expectations. Singles’ Day came to be after students at the Nanjing University in China, started celebrating their singledom, in what was known as anti-Valentine’s Day back in the 1990s. Singles’ […]
Read MoreIt’s slowly happening, but the out-cry over single-use plastics is gathering pace and some of the ‘big names’ are now changing their policies. Yesterday’s announcements are certainly a step in the right direction. From January 1, 2020, major shopping malls and convenience chain stores will discontinue providing single-use plastic bags to customers. The Ministry of […]
Read MoreIn an endorsement of ongoing efforts to reform the economy, Myanmar has been named one of the top-20 most-improved countries in the World Bank’s 2020 ease of doing business index. The index – part of the “Doing Business 2020” report – lists the economies that have recorded the greatest improvement in their ease of doing […]
Read MoreNotoriously labelled a ceremonial “talk shop” without any tangible outcomes, the latest Asean Summit in Bangkok finally proved critics wrong as regional leaders made progress in settling a mammoth trade pact despite India’s departure. The Regional Comprehensive Economic Partnership (RCEP) is a proposed free-trade agreement between the 10 member states of the Asean and six […]
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