The Bakong system, the interbank transaction platform of the country launched by the National Bank of Cambodia (NBC), has helped with the de-dollarization efforts of the central bank through payments using KHQR and also by promoting cross-border payments. Although digital use of the riel has increased since Bakong’s launch, NBC also stressed that Bakong alone […]
Read MoreVietnam continues to be a hub for strong tech talent, said the Southeast Asia Startup Talent Report 2023. HCM CITY — Việt Nam continues to be a hub for strong tech talent, said the Southeast Asia Startup Talent Report 2023. The second iteration of the report, which is launched by Monk’s Hill Ventures (MHV) and […]
Read MoreJAKARTA: Indonesia’s central bank on Tuesday (Apr 18) kept its benchmark interest rates unchanged for a third straight meeting, predicting headline inflation would be back within its target sooner and after the rupiah currency strengthened significantly. Southeast Asia’s biggest economy has been supported by a commodities-led export boom, though economists expect a slowdown in growth […]
Read MoreDepositors have started to move their money from bank accounts to money market funds, in part because of ongoing concerns about the banking crisis and also offers of higher returns, according to a recent report from financial services company Morningstar. The Morningstar Research (Thailand) report found signs of increasing capital movement from deposit accounts, which provide […]
Read MoreCambodia’s exports to India went up by 67 percent during the first quarter (Q1) of the year, the fastest growth among the top 20 countries that export from the Kingdom. For comparison, the exports to China went up by only 2.1 percent and to the US, they declined by 15.2 percent during the same period. […]
Read MoreThe rankings, which measure the attractiveness of doing business in 82 countries and economies globally, showed Việt Nam witnessed the largest improvement in the business environment in the past year, followed by Thailand (10 places) and Belgium (six places). HÀ NỘI — Việt Nam jumped 12 positions in the latest Global Business Environment Rankings for […]
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Thailand
