THE Asian Development Bank (ADB) has launched a project which uses blockchain technology to improve the efficiency and security of cross-border securities transactions in Asia and the Pacific. ADB said in a press statement on Wednesday (Jan 26) that it plans to create a blockchain network to connect central banks and securities depositories in the […]
Read MoreASEAN tourism leaders have officially announced the reopening of the regional sector and introduced a number of key principles to be implemented, even as some member states grapple with outbreaks of the coronavirus Omicron variant. The announcement was jointly made by ASEAN secretary-general Lim Jock Hoi, the bloc’s tourism ministers and other leaders on the […]
Read MoreVietnam is currently the world’s second largest rice exporter, shipping more than six million tons/year. Hanh Phuc Rice Mill with a capacity of 1,000 tons of rice/day was inaugurated in the Mekong Delta province of An Giang, Vietnam with the attendance of President Nguyen Xuan Phuc, becoming the largest facility of its kind in Asia. […]
Read MoreVietnam remains an attractive market in the eyes of investors with clear advantages such as a quality workforce and a large domestic market of high potential. Vietnam remains the top favorite of Japanese business people among ASEAN countries, where 55.3% of them look to expand their operations in the next one to two years, up […]
Read MoreSINGAPORE – UOB has agreed to acquire Citigroup’s consumer banking franchise in Indonesia, Malaysia, Thailand and Vietnam for about $4.915 billion. The move will enable Singapore’s third-largest bank to “scale up its business in four key regional markets at one go” and accelerate its growth targets by five years, UOB deputy chairman and chief executive officer Wee […]
Read MoreMANILA, Philippines — The Philippines will be among the beneficiaries of a $60-million Asian Development Bank (ADB) investment in a private fund that is expected to create additional jobs. The Manila-based multilateral lender signed a $60-million equity investment in Creador V L.P., a private equity fund managed by investment firm Creadorm, for investments in companies […]
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Thailand
