Economy and commerce

Banking and financial services

Cambodia Gears Up for Launch of Central Bank Digital Currency

The National Bank of Cambodia (NBC) has announced it is preparing to launch a central bank digital currency (CBDC). NBC’s director-general, Chea Serey, said the central bank was developing “the national payment gateway for Cambodia.” It would serve as a blockchain-based, peer-to-peer platform with its own specially designed cryptocurrency. According ...

Daniel Abel

Thailand, Myanmar agree to use baht, kyat for cross-border payments

Veerathai Santiprabhob, governor of the Bank of Thailand, and his Myanmar counterpart U Kyaw Kyaw Maung, signed two memoranda of understanding (MoU) on October 18 during the IMF-World Bank meeting in the US. The signing was witnessed by Myanmar’s Minister for Planning and Finance U Soe ...

The Nation Reporter

Banks keen on green projects

Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit. The State Bank of Việt Nam (SBV)’s latest survey of credit institutions (CIs) in the field of green growth and green credit released recently showed that the ...

Amata gets IFC backing in sustainability push

The industrial sector in Thailand, Cambodia, Laos, Myanmar and Vietnam contributed 32.3 per cent of the region’s GDP in 2017 and provided an estimated 20 per cent of the employment, said the IFC, the private-sector arm of the World Bank. It said that industrial zones provide ...

Alterna Bank a Strong Supporter of the Mekong Business Challenge

Alterna Bank is proud to sponsor the 13th annual Mekong Business Challenge in Cambodia, bringing together the brightest university teams to showcase how their innovation can transform lives. The Challenge is a platform for developing youth talent and for launching businesses and social ventures that will profoundly ...

CIMB becomes first bank from Asean to join United Nations' initiative for responsible banking

CIMB Group Holdings has become a member of the United Nations’ (UN) Environment Programme Finance Initiative Principles for Responsible Banking (UNEP-FI), making it the only banking group in Asean to be a founding member of the sustainable initiative. Keep reading ...

Latest inclusion roadmap targets digital financial services

The change in the new roadmap for Financial Inclusion Roadmap (2018-2022) will involve creating a digital services working group managed by Central Bank and Financial Regulatory Department (FRD), U Zaw Naing, FRD director general, told The Myanmar Times. Keep reading ...

Thailand lags in fintech development in Asia

Thailand ranks seventh out of 10 Asian countries in a Taiwanese consulting firm’s FinTech Competitiveness Index. The country, however, outperforms Malaysia and only lags behind Singapore in terms of regulatory advancement. Keep reading    ...

SUCHIT LEESA-NGUANSUK

TMB and IMG over merger and acquisitions help to Thai companies

TMB Bank and ING Corporate Finance Asia have announced a partnership to provide a full range of services to Thai companies seeking to expand across borders through merger and acquisitions. [] The partnership would help companies across a broad range of industry sectors to expand in ...

Southeast Asia faces more currency risk than rest of region, World Bank says

Malaysia, and to a lesser degree Indonesia, Thailand and the Philippines, remain more exposed to exchange rate risk than other developing economies in East Asia and the Pacific as global financial conditions tighten, the World Bank said. Keep reading   ...

Karl Lester M Yap

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