Bangladesh Banks may lose 40% assets if global standards followed: FRC
At present, financial institutions in the country operate in line with the central bank's directives while the international standard is not followed.
Economic Affairs
China to expand financial sector’s opening-up
This is to deal with changes in the external environment over an extended period of time, an official said.
MAS in close contact with Swiss regulator amid Credit Suisse crisis
Credit Suisse shares plunged on March 15 after its largest shareholder Saudi National Bank ruled out investing any more in the bank.
China’s domestic banks ready to counter global turmoil
The People's Bank of China said in a statement efforts will be made to consolidate the mechanism to deal with financial crisis.
Jokowi wants local governments to ditch Visa, Mastercard
The President has recommended that people start using credit cards issued by domestic banks to shield transactions from possible geopolitical fallout.
Chinese cities’ RCEP trade push expected to sustain momentum
In recent years, inland provinces have been exploring various options to improve their exports and make them more sustainable.
Jokowi hopes for Singapore investments in education, healthcare in new capital
“Indonesia’s economy is in a good position. There are many potentials that can be explored”, he said.
No plans to reintroduce GST in M’sia due to current economic challenges: MoF
GST will only be considered after determining the improvement of the mechanism compared to before, The Finance Ministry said.
The long-term prospects of Indonesia’s logistics sector
Logistics transportation is one of the supports for the rise of Indonesia's economy that is currently in a slump due to the Covid-19 pandemic.
Bangladesh becoming trillion-dollar economy much before 2040: FBCCI
The FBCCI President said the participation of businesses in this event had buoyed his confidence.