SINGAPORE: The Monetary Authority of Singapore (MAS) said it plans to revise rules governing foreign banks with a substantial local presence that may allow them to open digital-only banking subsidiaries. Under the enhanced framework, the MAS will consider granting an additional full banking license to foreign lenders which substantially exceed its Significantly Rooted Foreign Bank […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has expressed fresh concern over the delay in disbursement of the 400-billion-baht stimulus package as the government has yet to announce new economic ministers to fill the political vacuum. The political conflict, which earlier caused key ministers overseeing the national economy to resign, is among […]
Read MoreMANILA, Philippines — Short-term government securities continued to fetch lower rates across-the-board amid strong liquidity in the financial system, according to the Bureau of the Treasury (BTr). During yesterday’s auction, the BTr fully awarded P5 billion worth of 91-day Treasury bills(T-bills) at an average rate of 1.221 percent, 11.4 basis points lower than the 1.335 […]
Read MoreThe Jakarta Composite Index (JCI) fell more than 2 percent on Monday after three months of a strong performance following the global stock market crash in March. The Indonesia Stock Exchange’s (IDX) main gauge concluded its trade on Monday at 5,006.22, 2.78 percent lower than Friday’s posting. The drop was consistent throughout the day and […]
Read MoreMinistry of Tourism and local tour operators are organising heavily discounted luxury tour package to once-popular tourist destinations such as Siem Reap, as well as promoting local tour guides. Local tour director Chhun Makara said the packages will create value and new experiences for domestic tourists while also ensuring health and safety for COVID-19, especially […]
Read MoreThe automobile market has become bustling with more and more car models, mostly domestically assembled, introduced. Two Japanese automobile manufacturers have launched two of their best sellers – CR-V and Mitsubishi Xpander. Both of them are assembled in Vietnam. o quality difference between Mitsubishi Xpander 2020 assembled in Vietnam and imports and that they meet […]
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Thailand
