GLOBAL financial messaging network Swift and Singapore’s Infocomm Media Development Authority (IMDA) have partnered to accelerate trade digitalisation around the world. They will combine Singapore’s TradeTrust – an interoperability framework that connects platforms to exchange digital trade documentation – with the Swift community, under a memorandum of intent (MOI) signed on Monday. The goal is […]
Read MoreThe Hanoitimes – By 2025, Vietnamese digital consumer will spend on average 3.7 times more than they did in 2018, according to a latest report. Vietnam’s online spending is expected to increase 3.7-fold this year to US$25 billion by 2025, according to the latest report “Digital Consumers of Tomorrow, Here Today” conducted by Facebook, Bain & […]
Read MoreIt seemed like a tentative step. Government opened Boracay to domestic tourists last week, but it doesn’t mean other tourist areas are ready to open as well. “There were actually 35 tourists who came to Boracay yesterday by air, land and sea,” Tourism Secretary Berna Romulo Puyat said in an interview on ANC’s “Headstart.” “Of […]
Read MoreThe possible amendments to the 1999 and 2004 Bank Indonesia (BI) Laws and the issuance of a regulation in lieu of law (Perppu) on financial system reform may interfere with the central bank’s independence, economists have warned. In a virtual discussion held by the Institute for Development of Economics and Finance (Indef), the institute’s senior […]
Read MoreFears of a debt tsunami are amplifying with debt relief measures by the Bank of Thailand set to expire later this month. Suffering businesses are urging an extension to avoid shouldering a mountain of debt that could make them go under. Non-performing loans (NPLs) in consumer finance are edging up amid the economic downturn aggravated […]
Read MoreThe Chinese yuan and the Philippine peso are two of the strongest currencies in Asia this year. The yuan outperformed its regional peers in the 3rd quarter, recording its best quarterly gain in 12 years. The peso, Asia’s frontrunner this year with a year-to-date gain of 4.29 percent, posted its best quarter in a decade. […]
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