As Thailand inches towards the government goal of a cashless society, the central bank is experimenting with means to accelerate the transition through the adoption of a centralised digital currency. While regulations tighten around privately-created cryptocurrencies, the government is seeking to create its own digital currency to expedite transactions between banks and offer new payment […]
Read MoreCP ALL (Cambodia), a master franchise of 7-Eleven stores in Cambodia, debuted its first store yesterday in Phnom Penh’s Chroy Changvar area. The opening ceremony was attended by Minister Chancellor (Commercial) at the Thai embassy in Phnom Penh Jirawuth Suwanna-Arj. The firm failed to open the first store at the promised date in June this […]
Read MoreMANILA, Philippines – Opening bank accounts through one’s smartphone allowed Overseas Filipino Bank to grow its depositor base, as digital banking looks to gain ground nationwide. The bank, considered the first government-owned digital bank, said 25,648 new deposit accounts were created from January to July. Through an onboarding system bolstered by artificial intelligence, which did […]
Read MoreContrary to all predictions, the real estate market has been hot during the pandemic. People are rushing to buy apartments for fear that prices will escalate after the pandemic ends. In early 2021, Do Xuan Thang in Hanoi and his fiancé began looking for an apartment to buy in Thanh Xuan district. With total income […]
Read MoreKUALA LUMPUR, Aug 30 — The ringgit ended stronger against the US dollar as fears over tapering by the US Federal Reserve (US Fed) wane with a longer path to higher rates expected. At 6pm, the local note jumped 360 basis points to 4.1530/1575 versus the greenback from Friday’s close of 4.1890/1930. Bank Islam Malaysia […]
Read MoreWith the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. That cooperation will help the region keep up with megatrends such as persistent geopolitical tension, fast changing technology and […]
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