While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs. Prudent investment is a key factor for controlling risks amid high market volatility, according to the banks. SCB 10X, a corporate venture capital […]
Read MoreBuilding trust is essential to increase financial inclusion in Cambodia, while increasing client protection is a priority under the National Financial Inclusion Strategy for long-term market sustainability, a central bank senior official said here on Friday. Kith Sovannarith, Deputy Director General of the National Bank of Cambodia (NBC)’s supervisory sector, made the remarks while witnessing […]
Read MoreThe baht extended losses on Friday after the country’s central bank said inflation was under control and that future rate hikes would be strictly data-driven, bucking a firmer trend among regional currencies. The baht fell 0.4% after Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said inflation would peak in the third quarter before returning to […]
Read MoreKUALA LUMPUR: The country registered a consumer price increase of 3.4% year-on-year (y-o-y) to 127.4 in June as food prices continued to rise at an accelerated rate. In a statement today, chief statistician of the National Statistics Departments Datuk Sri Mohd Uzir Mahidin said the food index rose 6.1%, its highest in over a decade. […]
Read MoreCambodia’s economy is projected to grow by 5.3 percent this year, up from 3 percent in 2021, Chea Chanto, governor of the National Bank of Cambodia (NBC), said on Thursday. “The growth will be supported mainly by a rise in manufacturing exports, an increase in construction and real estate as well as agriculture, and a […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) continues to push for multilateral cross-border payments connectivity in the region as countries recover from the impact of the pandemic. BSP Governor Felipe Medalla highlighted the importance of increasing public investment on IT infrastructure and involving private players in making the goal of multilateral cross-border payments connectivity […]
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Thailand
