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Singapore: MAS bans Binance.com from unlicensed payment services, red flags it with Investor Alert List

THE Monetary Authority of Singapore (MAS) has stopped Binance.com from carrying on its unlicensed payment services, and put the crypto exchange on its Investor Alert List.  The move by Singapore’s central bank mirrors a crackdown on Binance’s operations by regulators around the world. On Thursday, an MAS spokesperson said the central bank has reviewed Binance.com’s operations and is of the view that […]

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Asean e-commerce maturing

Asean e-commerce will evolve from infancy to a more mature stage with premium products, innovation, creativity and new customer experiences, says Lazada, a major regional firm in the sector. Online shopping in Asean is forecast to reach US$172 billion by 2025, about 2.8 times the 2020 volume, the firm said. “In the pandemic, resilience and […]

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Philippines: Bank lending down for 8th straight month

MANILA, Philippines — Loans released by big banks shrank for the eighth straight month, although at a slower pace of 0.7 percent in July from two percent in June, as consumer lending contracted further due to rising COVID-19 infections with the emergence of the highly contagious Delta variant. Preliminary data released by the Bangko Sentral […]

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Vietnam: Government urged to loosen restrictions, speed up vaccinations to save economy

Economic indexes show the situation is getting worse in the country. The most concerning issues are social distancing extensions and other restrictions. A report on socio-economic development in August and the first eight months released by General Statistics Office (GSO) several days ago showed that economic indexes are getting worse, including industrial production, total retail […]

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