SINGAPORE has awarded 3 more in-principle approvals for its much-coveted digital payment token (DPT) licence that allows companies to offer crypto services. The applicants were not named. The move was announced on Wednesday (Jun 22) in a speech by Deputy Prime Minister Heng Swee Keat, who reiterated Singapore’s desire to work with blockchain and digital […]
Read MoreThe Ministry of Labor and Social Welfare will raise the minimum wage for low-skilled workers amid the rising cost of living in Laos. According to a notice issued by the Ministry of Labor and Welfare, the minimum wage for low-skilled workers will be raised from LAK 1,100,000 to LAK 1,200,000 beginning next month, and to LAK 1,300,000 […]
Read MoreVietnam is targeting to control public debt below 60 per cent of gross domestic product (GDP) by 2030 to ensure debt safety and national financial security. The goal was highlighted in the public debt strategy by 2030. Deputy Minister of Finance Ta Anh Tuan said yesterday at a two-day workshop held in Thanh Hoa that […]
Read MoreMANILA, Philippines — The Philippines recorded its widest balance of payments (BOP) deficit in 15 months at $1.61 billion in May, 2.6 times the $415 million shortfall recorded in April as the national government settled more foreign debt, according to the Bangko Sentral ng Pilipinas (BSP). The BOP deficit in May was the biggest since […]
Read MoreEconomists are warning the baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve’s hawkish benchmark interest rate hike. Krungthai Compass, a research house under Krungthai Bank, forecasts the baht will dip to high-34 to mid-35 against the US dollar by the end […]
Read MoreBENGALURU, June 21 (Reuters) – Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of economists in a Reuters poll expect a rate rise to stem imported inflation from a weak rupiah currency as the U.S. Federal Reserve tightens aggressively. Indonesia’s central bank is one of a few major Asian […]
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Thailand
