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Bank of Thailand treads gently on fee charges

The Bank of Thailand will take into account access to banking services and familiarity with technology before making a decision on banks’ proposal to charge fees for cash transactions at branches and ATMs, a senior official says. The central bank must also consider the readiness of financial services across the country, said Chantavarn Sucharitakul, assistant governor […]

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Myanmar-China border trade in focus

The early implementation of bilateral border trade cooperation zone and the promotion of border trade, and investment between Myanmar and China were during a meeting earlier this week the Ministry of Commerce has announced. Minister of Commerce U Than Myint met with a Chinese delegation led by Mr Chen Hao, Communist Party Secretary of Yunnan Province on […]

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UOB completes ASEAN’s first real-time cross-border funds transfers between mobile phone numbers

United Overseas Bank (UOB) has successfully completed ASEAN’s first cross-border peer-to-peer funds transfer proof-of-concept (POC) where real-time payment was made between bank accounts linked to the account-holders’ mobile phone numbers. The POC models the cross-border funds transfer experience on peer-to-peer funds transfer services that use a bank account-holder’s registered mobile phone number as a proxy […]

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Laos: Riverview Apartment Project Opened For Sales

(KPL) Riverview, an 8-storey apartment project, a US$6.6-million joint venture between Aanandi Lao Co., Ltd and Creed Group Company, has been opened for sales. Commenced in February, 2018, the construction project has been completed by 30%. It is expected to be fully built by the end of next year. The customers who have purchased the apartment […]

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Luxury living in Singapore just got costlier

SINGAPORE (The Straits Times/ANN) – It is getting costlier to live the high life in Singapore, which has moved up a spot to become the second-most expensive city for luxury living in Asia. And women may require especially deep pockets, with luxury goods for them found to have heftier price tags on average compared with […]

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