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Cambodia: Bakong system lends a hand to promote riel usage

The Bakong system, the interbank transaction platform of the country launched by the National Bank of Cambodia (NBC), has helped with the de-dollarization efforts of the central bank through payments using KHQR and also by promoting cross-border payments. Although digital use of the riel has increased since Bakong’s launch, NBC also stressed that Bakong alone […]

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Vietnam remains hub for tech talent

Vietnam continues to be a hub for strong tech talent, said the Southeast Asia Startup Talent Report 2023. HCM CITY — Việt Nam continues to be a hub for strong tech talent, said the Southeast Asia Startup Talent Report 2023. The second iteration of the report, which is launched by Monk’s Hill Ventures (MHV) and […]

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Indonesia central bank holds rates, sees inflation cooling sooner

JAKARTA: Indonesia’s central bank on Tuesday (Apr 18) kept its benchmark interest rates unchanged for a third straight meeting, predicting headline inflation would be back within its target sooner and after the rupiah currency strengthened significantly. Southeast Asia’s biggest economy has been supported by a commodities-led export boom, though economists expect a slowdown in growth […]

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Thailand: Money market funds lure investors with returns

Depositors have started to move their money from bank accounts to money market funds, in part because of ongoing concerns about the banking crisis and also offers of higher returns, according to a recent report from financial services company Morningstar. The Morningstar Research (Thailand) report found signs of increasing capital movement from deposit accounts, which provide […]

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