The government will bar the use of cryptocurrencies as a means of payment for goods and services, saying the wider use of digital assets threatens the nation’s financial system and economy. Business operators — including crypto exchanges — must not provide such payment services, and are barred from acting in a manner that promotes the […]
Read MoreSINGAPORE – Singapore plays a very important role in digitalisation integration initiatives in Asean, said Trade and Industry Minister Gan Kim Yong on Wednesday (March 23). This is primarily driven by the Republic’s strong physical and digital connectivity, he said, adding that Singapore is keen to work with fellow Asean members to strengthen digitalisation in […]
Read MoreA recent suspected scam involving local businesses exporting cashew nuts to Italy has raised alarm bells for exporters amid increasing transnational trade fraud. Risks from payment methods A total of five cashew exporters, through brokerage company Kim Hanh Viet, signed a contract to ship approximately 100 containers of cashew nuts to a number of partners […]
Read MoreThe banking system remains resilient with high levels of capital buffer to withstand future risks and uncertainties, the Bank of Thailand said on Tuesday, a day after S&P Global Ratings downgraded the top lenders citing increased systemic risks. The capital adequacy ratio of banking system stands at 20% and lenders have increased provisioning against bad […]
Read MoreThe Ministry of Public Works and Transport on Tuesday broke ground for the construction of a cross-docking and cold storage facility in a container terminal near the Phnom Penh Port Autonomous in Kandal province, expecting to boost the import-export activities. The groundbreaking ceremony was held in the presence of Minister Sun Chanthol, Port Director-general Hei […]
Read MoreThe Lao government has issued new legislation authorizing the export of natural wood products. The new regulation is aimed at boosting production and wood processing, as well as providing favorable conditions for natural timber export to foreign countries. According to the new legislation issued yesterday by the Minister of Industry and Commerce, Dr. Khampheng Xaysompheng, natural raw […]
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