The adoption of Bitcoin and other cryptocurrencies as a payment method for goods and services is gradually gaining traction among real-world entrepreneurs despite the inherent price volatility, including a recent dip. Bitcoin plunged to about half its peak value of over 2 million baht in mid-April. Thailand is experiencing a transition as businesses seek to […]
Read More[JAKARTA] Indonesia’s finance minister on Monday laid out a government proposal for an overhaul of tax regulations, including introducing a programme to report undisclosed assets, bringing in a carbon tax and hiking the VAT rate. Sri Mulyani Indrawati told a meeting with Parliament’s finance commission the measures were aimed at boosting government revenues that have […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – The Monetary Authority of Singapore (MAS) is inviting fintech companies and financial institutions around the world to propose innovative retail central bank digital currency (CBDC) solutions. In its Global CBDC Challenge announced on Monday (June 28), MAS said it seeks market-ready solutions that can address 12 problem statements centred on […]
Read MoreKUALA LUMPUR: Malaysia’s exports increased by 47.3% to RM92.31bil in May from a year ago, underpinned mainly by robust demand for electrical and electronic (E&E) products, according to the Minister of International Trade and Industry (MITI). In a statement on Monday, it said the E&E products were mainly semiconductors due to the increasing orders for […]
Read MoreExperts called for Vietnam to soon provide a legal framework for the securitization of bad debts. The central bank-run Vietnam Asset Management Company (VAMC), the Government’s debt management arm, said it is planning to launch the debt trading platform, the first of its kind in Vietnam, in the early third quarter. The move came after […]
Read MoreMANILA, Philippines — The global bottlenecks for shipping resulting in higher freight rates are expected to remain elevated until the third quarter of the year, weighing down on trading economies including the Philippines. In its weekly economic preview, market intelligence firm IHS Markit said the continued strong recovery in the global economy is followed by […]
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