AI, big data, and cloud computing are revolutionising industries and banking is no different. Banks in developing economies stand to benefit the most.
NBP to Shut Down its Branches in Bangladesh and Afghanistan
The management of the National Bank of Pakistan (NBP) has decided to shut down four of its branches in Bangladesh …
Indonesia c.bank says GDP recovery slower than expected, sees room for rate cuts
Indonesia’s economic contraction in 2020 was greater than the central bank had anticipated and the pace of the recovery was slower than expected, Bank Indonesia’s (BI) governor told lawmakers on …
Indonesia: FX Reserves climbed to record high – UOB
Economist Enrico Tanuwidjaja and Haris Handy at UOB Group assess the latest FX reserves figures in Indonesia. Key Quotes “Indonesia’s foreign exchange reserves increased by US …
India’s Union Budget creates buzz among global investors: Mukesh Aghi
WASHINGTON: India’s Union Budget presented by Finance Minister Nirmala Sitharaman has generated a buzz among international investors, especially among …
Japan wants G7 finance chiefs to ‘thrash out’ digital currency policy at talks as China trials continue
G7 nations have been cautious about China’s lead in issuing a digital currency, as it could threaten the long-standing international position of their conventional currencies.
China’s first “carbon neutrality” bonds draw tepid demand
China’s first batch of “carbon neutrality” bonds received a lukewarm welcome from investors who demand higher yields, underscoring the country’s challenge to fund President Xi Jinping’s pledge to go …
Taiwan January export value hits record for second time straight, says MOF
Taiwan recorded total export value of US$34.27 billion for January 2021, hitting monthly record for the second consecutive time and growing 3.9% on month and 36.8% on year, while the total import …
Oman to build 141 residential units for low-income group
Oman’s Ministry of Housing and Urban Planning has announced plans to build a total of 141 residential units for its low-income families (whose monthly income does not exceed RO300) as well as the …
Azerbaijan gets WHO, UNICEF support to optimize supply chain’s performance
The WHO Regional Office for Europe and UNICEF Supply Division have extended their support to Azerbaijan, Georgia, Kazakhstan, Moldova, and Uzbekistan in optimizing the performance of their supply …