The Bank of Thailand (BOT) says it will expand QR cross-border payments with Singapore, Myanmar and Cambodia, beginning from the middle of this year. BOT Assistant Governor for payment systems policy and financial technology Siritida Panomwonna Ayudhya was quoted by Thai newspaper The Nation as saying that each Thai bank has developed regional interoperability for […]
Read MoreLocal e-commerce and logistics operators have confirmed that the coronavirus outbreak has hampered parcel deliveries from China, while working to ensure access and rein in the prices of disease-prevention accessories such as face masks and hand sanitiser. Suchaya Paleewong, marketing manager of Shopee Thailand, the local operating unit of the Singapore-based e-commerce site under Sea […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has instructed banks and financial institutions to stop withholding taxes on all income derived from the BSP’s government functions. The regulator issued Memorandum 2020 – 002 instructing authorized agent banks to discontinue withholding the two percent tax on service fees arising from bank deposit transactions with […]
Read MoreThe Central Bank of Myanmar (CBM) may consider reducing interest rates to better align with high inflation rates should the need occur, vice governor U Soe Min said at the Pyidaungsu Hluttaw on February 10. The current bank interest rate is 10percent while the minimum deposit rate is set at 8pc and maximum secured lending […]
Read MorePETALING JAYA: While the three banks Bank Negara has identified as crucial to the domestic banking sector are well-capitalised, the new regulatory framework would make mergers and acquisitions (M&A) more costly, says S&P Global Ratings. The rating agency believed the new systemically important banks (D-SIBs) framework would discourage Malaysian banks from contemplating domestic M&A, as […]
Read MoreSINGAPORE: Singapore’s coronavirus outbreak has spread to its financial centre, with some employees at major companies being told to work from home for at least the next few days and temperature screening checkpoints set up at the front doors of several towers. A worker at an unnamed firm in Marina Bay Financial Centre Tower 1 […]
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