by Teuvo Tuomi | Mar 27, 2025 | ASEAN, Banking, Economy, Indonesia, News, Southeast Asia
Indonesia will join the BRICS-sponsored multilateral development bank, which President Prabowo Subianto believes could expedite the country’s economic development. The decision came after Prabowo’s meeting with New Development Bank (NDB) president Dilma...
by Teuvo Tuomi | Nov 21, 2024 | ASEAN, Asia, Banking, Business, Digitalization, Economy, Technology
Capgemini projects instant payments accounting for 22% of noncash transactions by 2028, the Standard Charters research institute reports. The Asia Pacific region is leading this trend with a 20% year-on-year increase in noncash transactions, outpacing growth in Europe...
by Teuvo Tuomi | Sep 28, 2024 | Business, Banking, Economy, News, Thailand
Dr. Kirida Bhaopichitr from the Thailand Development Research Institute (TDRI) says that a policy rate cut by the end of this year could help to stimulate the Thai economy, which has not performed well this year. “As economic growth in Thailand is not picking up, a...
by Teuvo Tuomi | Sep 26, 2024 | China, Banking, Business, Economy, Investment, News
China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the economy. The move is part of broad stimulus measures Beijing introduced this week to boost China’s...
by Teuvo Tuomi | Sep 23, 2024 | Thailand, Banking, Business, Digitalization, News, Visions
Despite receiving several applications from interested operators, the Bank of Thailand wants to grant only three virtual bank licenses. The central bank will issue licenses it deems appropriate to maintain the stability of the domestic financial market and safeguard...
