Major Thai banks gear up for New Year with billions in cash reserves
5 top banks have set aside over 154 billion baht in reserves for festive spending, while the central bank will also earmark 80 billion baht to meet higher demand for cash.
Finance
Crypto tax postponed again: Why Korea remains a rare case
The original plan proposed a 22 percent tax on annual crypto income exceeding 2.5 million won ($1,750) starting in January 2022 but has been delayed three times due to political…
Indonesia President Prabowo plans new state investment firm
The structure of the agency is being discussed with other authorities, but the goal is for it to operate like Singapore's Temasek as a state-owned investment firm, said Hadad, who…
Singapore investors more conservative than peers in Asia and Middle East
Investors in Singapore are still lukewarm towards crypto and digital assets, citing a lack of knowledge, perceived volatility and low trust in crypto exchanges as key reasons for…
Banknotes marking Thai Majesty’s 72nd birthday now on sale
The central bank has printed only 10 million commemorative notes, that can be bought for 100 baht at all banks.
French firms urged to seize opportunities from China’s development
President Xi told delegates to the meeting that China is working to steadily expand institutional opening-up, ease market access and shorten the negative list for foreign…
Asia’s first spot crypto exchange-traded funds to debut in Hong Kong
Six spot bitcoin and ether ETFs will begin trading on the Hong Kong Stock Exchange on Tuesday, as the international financial hub takes steps to enhance its digital-asset…
Bank of Korea chief says won will level off if Middle East conflict eases
Though the won devaluation lost full steam after the won plunged to its lowest at 1,400 won against the dollar on Tuesday, the local currency lost its value on Friday after…
South Korea, Japan finance chiefs vow to tame rampant FX market volatility
The Korean won slid to the 1,400 won level against the greenback for the first time in 17 months, while the yen set a fresh 34-year-low amid prospects that the US Federal Reserve…
Internet-only banks soar past W100tr in assets
This achievement comes less than seven years since the inception of South Korea's first online-only bank, K bank, in April 2017. Kakao Bank, commenced operations in July of the…