Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use of cash. The link would bring together Southeast Asia’s first national digital-payment platforms, Singapore’s PayNow and Thailand’s PromptPay, said Naphongthawat Phothikit, director of payment systems policy at […]
Read MoreMANILA, Philippines — The World Bank has trimmed anew its growth forecast for the Philippines to 6.6 percent this year and 6.7 percent in 2018 and 2019, citing a slower-than-expected implementation of public investment projects which stalls the growth in spending. The international financial institution in April pegged its economic growth outlook for the Philippines […]
Read MoreThe Central Bank of Myanmar (CBM) should allow financial organisations including fintech companies to operate only after confirming that their business models are credible and licensed, said MP Daw Sandar Min from Seikgyi Khanaungto township during a Yangon Region Parliament session on October 3. The issue was brought up after fintech company Ok Dollar was […]
Read MoreHANOI – The Vietnam Chamber of Commerce and Industry (VCCI) said that the Ministry of Finance’s proposed fee cuts was a positive move, but stronger cuts or even abolishments were needed to support businesses. The VCCI said that many kinds of fees were unnecessary, such as the fee for certifying business information, which was VND20,000 […]
Read More(KPL) The Prime Minister’s Office, together with the Ministry of Energy and Mines held a consultation meeting with stakeholders to the new mining law. The World Bank’s Hydro-Mining Technical Assistance Programme and Australia together supported the meeting, which heard views from a diverse group of stakeholders, including Lao government ministries, the Lao National Assembly, international donors, […]
Read MoreTHE SkillsFuture for Digital Workplace was launched on Thursday by Minister for Education (Higher Education and Skills) Ong Ye Kung. Led by SkillsFuture Singapore (SSG), this initiative – which is structured as a two-day training programme – seeks to equip Singaporeans with basic digital skills that are useful at the workplace and in their daily […]
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