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ASEAN Central Banks Are Pushing Digital Payments

ASEAN Central Banks Are Pushing Digital Payments

by Teuvo Tuomi | Nov 17, 2022 | ASEAN, Business, Economy, News, Southeast Asia

At the G20 Summit in Bali, the central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand entered a memorandum of understanding to start using QR codes for international payments between the five countries, without the need to use the US dollar....
Laos Shifts Its Focus to EVs

Laos Shifts Its Focus to EVs

by Teuvo Tuomi | Jun 15, 2022 | ASEAN, Asia, Business, News, Southeast Asia, Technology

Laos intends to gradually replace its transportation system with electric vehicles in order to reduce fuel imports. Electric vehicles are predicted to account for 1% of all automobiles in Laos by 2025, and over 30% by 2030, according to Prime Minister Phankham...
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