As U.S.-backed stablecoins gain traction, they threaten to bypass China’s financial controls. The Chinese government is poised to counter with its own tightly regulated digital money.
Thailand caps online transfers at $1,500 a day to tackle rising scams
By bno - Phnom Penh Office Banks in Thailand have been instructed to impose a daily cap of THB50,000 (approximately $1,537) on many online money transfers in a bid to curb financial scams, ...
Thailand plans measures to boost consumption and tourism
Thailand is contemplating tax incentives to stimulate consumer spending in the final months of the year, according to Deputy Finance Minister Julapant Amornvivat. The nation's economy is projected to ...
Home Credit Vietnam releases its Sustainability Report 2024
Home Credit Vietnam has released its Sustainability Report 2024, underscoring its people-centric approach across all initiatives and operations.
US Hits Greek Shipper, China Ports in Push Against Iran Oil
Antonios Margaritis was designated, along with a web of companies overseen by him in Greece and the Marshall Islands, according to a Treasury Department statement on Thursday. Separately, the State ...
‘A-’ credit rating to boost Philippine investments, says Recto
The Philippine economy is on a strong growth trajectory with sound financial management, Finance Secretary Ralph Recto said, after Japan-based credit ...
Shipping line denies Iran ties after 16 of its vessels hit with US sanctions
Singapore-based SeaLead ends charters of ships that are part of empire controlled by son of adviser to supreme leader ...
Vietnam’s rate race tightens as exchange pressures mount
By bno - Ho Chi Minh Office Vietnam’s central bank is signalling further monetary easing in an effort to bolster growth, but the stability of the đồng remains a decisive factor in determining the ...
Philippines retains ‘A-‘ credit rating with stable outlook
JAPAN-BASED credit rating agency Rating and Investment Information Inc. (R&I) has affirmed its “A-’ rating with a stable outlook for the Philippines, the Finance department said on Wednesday. “This ...
Philippine digital bank snags $21M in Series A | ZDNET
Tonik Financial has secured $21 million in its Series A round, which it will tap to kickstart its digital bank services next quarter in the Philippines where it estimates has a $140 billion retail ...