Thai banks believe AI will stop more money laundering. 95 percent of Thai banks still believe in older rules-based technology for AML compliance, despite 82 percent ... ( read original story ...)
HCM City aims to become regional financial centre
Tran Du Lich, a member of PM Nguyen Xuan Phuc Economic Advisory Council, speaks about HCM City’s wish to become a national financial centre. ( read original story ...)
Covid-19 hits remittances to Vietnam
Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the Covid-19 pandemic and shutdowns around the world. Vietnam has been among the top 10 ... ( read original story ...)
Philippines inks €24.5M financing agreement for Bangsamoro development, Marawi rehab
The Philippines has inked a €24.5-million financing agreement with the European Union, its third so far this year, to finance initiatives in the Bangsamoro region and assist in the rehabilitation of ... ( read original story ...)
Philippines signs $28.8-M grant with EU for Mindanao peace efforts
This third grant from the EU this year underpins this major economic bloc’s unwavering commitment to the attainment of genuine and lasting peace and development in Southern Philippines...,” Finance ... ( read original story ...)
Japan’s Finance Minister: Blockchain Can Help in Fight Against COVID
Taro Aso, Japan’s finance minister, said blockchain could provide one possible solution to COVID contact tracing, emphasizing privacy. Japanese Finance Minister Taro Aso suggested blockchain ... ( read original story ...)
Bangladesh Has an Ambitious Climate Plan. A $2 Billion Loan Could Give it a Start.
(Bloomberg) -- Low-lying Bangladesh—home to 160 million people and the world’s largest river delta system—is particularly vulnerable to climate change as rainfall patterns are disrupted and sea levels ... ( read original story ...)
China Investors Predict Record Defaults in Risky End to 2020
China’s fragile economic recovery is ushering in a dangerous new phase for the nation’s $4.1 trillion corporate bond market.With the economy now strong enough for policy makers to dial back financial ... ( read original story ...)
Hong Kong Stocks Lead Asia Higher; Gold Slips: Markets Wrap
Stocks rose, led by gains in Hong Kong on signs of a thaw in U.S.-China tensions, with investors also looking ahead to a policy speech by Federal Reserve Chair Jerome Powell later in the week.Hong ... ( read original story ...)
Confident Taiwan moves ahead
In light of the severe health and economic crises the world is facing today, countries that manage to maintain internal stability will be the ones best positioned to survive and thrive faster than ... ( read original story ...)