Banking and financial services

Banking and financial services policy and regulation

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

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

Southeast Asia banks urged to amend environment policy

Banks and regulators in Southeast Asia should strengthen financial-sector rules and guidelines to promote funding for environment-friendly projects in a region threatened by deforestation and climate change, the World Wildlife Fund said. Keep reading ...

Chanyaporn Chanjaroen

SE Asia stocks edgy as Russia sanctions unnerve investors

Most Southeast Asian stock markets were largely tepid on Thursday, as concerns over US President Donald Trump signing the Russia sanctions bill kept investors on edge.Keep reading ...

Forty Chinese banks found in violation of interbank rules

China’s central bank has found 40 banks in violation of interbank account regulations and have ordered them to rectify the problem within three to six months, financial magazine Caixin reported on Tuesday, citing a document. Read more ...

Not all paths to growth the same

Cambodia’s economy stands at a critical crossroads to reach the next phase of development with a recent report urging the Kingdom to ditch its antiquated growth model and adopt more innovative economic strategies that better respond to rapid changes in the global economy. The report, ...

Baht upheaval carries across industries

Agriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most ...

VIAC encourages alternative dispute resolutions

The Vietnam International Arbitration Centre organised a workshop on June 6 with the International Finance Corporation to promote the use of alternative dispute resolution methods in the banking and finance sector. The conference, named ‘Benefits and Challenges of Using ADR for Banking Disputes’, focused on the principles, ...

BoT eases up on forex regulations

The Bank of Thailand on June 5 loosened a set of foreign exchange regulations, including allowing Thais to invest directly in securities abroad at an amount of up to $1 million a year, in a fresh bid to accommodate capital outflows, curb the appreciating baht (which ...

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