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Singapore, Vietnam discussing ways to prepare for resumption of travel for business and to ‘selected’ tourism sites

SINGAPORE: Singapore and Vietnam are discussing ways they can prepare to “gradually and safely” resume business travel and travel to “selected tourist sites”, said Singapore’s Foreign Affairs Minister Vivian Balakrishnan on Wednesday (Jun 23). Dr Balakrishnan said this will “hopefully” be done by the end of the year. The minister was wrapping up his four-day visit to Hanoi. It marked the […]

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Thailand: Somkid touts e-commerce platforms

Former deputy prime minister Somkid Jatusripitak has suggested Thai manufacturers build their own e-commerce platforms rather than rely heavily on existing leading e-commerce platforms and retail chains. “Covid-19 is likely to stay with us for a long time, leading people to need personal services,” said Mr Somkid, now chairman of Saha Pathana Inter-Holding Plc, a […]

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Indonesia’s central bank to enforce crypto payments ban

Indonesia’s central bank is sending supervisors out to ensure local financial institutions aren’t defying the nationwide ban of crypto payments. During a virtual seminar, the bank’s governor reiterated that local financial firms and payment provided are prohibited from facilitating the use of cryptocurrency to settle payments or as an instrument used in other financial services. […]

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Kuala Lumpur skyline, for archive or to be use in future. — IZZRAFIQ ALIAS/The Star.
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Rating affirmation shows S&P’s confidence in Malaysia

PETALING JAYA: S&P Global Ratings (S&P) has affirmed Malaysia’s foreign currency and local currency long-term issuer ratings at A- and A, respectively, with a negative outlook. In a statement, the Finance Ministry said the affirmation is testament to the country’s strong external position, monetary policy flexibility, recognised track record of supporting sustainable economic growth as […]

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Philippines: DTI urges construction sector to tap overseas opportunities

MANILA, Philippines — The Department of Trade and Industry (DTI) is urging the construction industry to go beyond the domestic market and tap opportunities overseas in order to thrive post-pandemic. During the Philippine Overseas Construction Board Virtual Construction Conference Monday, Trade Secretary Ramon Lopez urged the sector to consider opportunities available in the global market. […]

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