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Digital changes to shape Asean economy, says HSBC Malaysia

KUALA LUMPUR: Member states of Asean must be ready to embrace technological transformation to take advantage of the opportunities from digitisation, according to HSBC Malaysia. In a press statement on Friday, the bank’s retail banking and wealth management country head Lim Eng Seong said that the growing importance of digital innovation will shape the next […]

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CLMV, Japan Discuss Agriculture Export Promotion

(KPL) Representatives of ASEAN member countries of Cambodia, Lao PDR, Myanmar and Vietnam (CLMV) and Japan met in Vientiane Capital to discuss the promotion of the export of made-in-Laos agricultural products. “The majority, approximately 70%, of Lao people are engaged in agricultural production, so the agricultural development is very important to all people,” Vice Minister […]

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Indonesia encourages Asean currencies in trade

JAKARTA: Indonesia’s central bank said on Monday it will allow transaction settlement for bilateral trade between Indonesia, Malaysia and Thailand to be conducted in local currencies. The new regulation is aimed at reducing dependency on the US dollar and limiting exposure to volatile foreign exchange rates. The rule, which goes into effect on Jan 2 […]

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ASEAN making substantial progress toward integration — Dominguez

MANILA, Philippines — The Association of South East Asian Nations (ASEAN) has made substantial progress toward creating a single common market amid concerns of rising protectionist policies and monetary policy tightening in other parts of the globe, Finance Secretary Carlos Dominguez said yesterday. During the International Monetary Fund’s Managing Directors Roundtable Meeting with ASEAN Finance […]

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Asia much more resilient to weather financial storms now

Asia, the fastest-growing region in the world, has become much more resilient to weather financial storms with lessons learned from the Asian Financial Crisis 20 years ago, said a senior official at the International Monetary Fund (IMF). “Asian economies become much more resilient because of the lessons we learned” from the Asian Financial Crisis started […]

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