Remittance inflow climbs 21% in November
More than 11.35 lakh Bangladeshis left the country for jobs abroad last year, nearly double the 6.17 lakh migrant workers who flew to other countries the previous year.
Finance
Sharia banking will need ‘a long time’ to take off in Indonesia
Bold ideas, such as converting a major state-owned bank into a sharia lender or pushing for more sharia finance in the housing market, could accelerate the process, analysts argue.
Laos mulls rare earth pilot project to earn foreign currency
The term rare earth refers to a group of 17 elements used in manufacturing mobile phones, hard drives and trains, and they are also important for green technologies, including…
South Korea to test central bank digital currency with public vouchers
Central bank digital currencies are a new form of digital money issued by a central bank, divided into two types: the wholesale CBDC for institutions and the retail CBDC for…
Monetary Authority of Singapore issues blueprint for the future of digital money
The Monetary Authority of Singapore has set settlement ledger, tokenisation bridge, programmability protocol and name service as the four key building blocks to the use of digital…
Malaysia, Singapore launch cross-border real-time payment systems connectivity
This real-time payment systems linkage is also the first to include the participation of non-bank financial institutions from both countries, providing access to a broader group…
South Korean commercial banks mull financing arms export to Poland
If the deal proceeds, it is projected to take on the form of a syndicated loan, meaning it will be provided by a group of lenders to a single borrower, a method often used to…
Bangladesh forex reserve slips below $21 billion
The volatility in the global market driven by the Russia-Ukraine war has sent commodity prices higher, hitting the reserve level of import-dependent countries such as Bangladesh.
Hong Kong to lift sentiment, boost global ties: Financial secretary
Financial Secretary Paul Chan said the external economic environment has not been ideal, and the government has to adopt a “combination strategy” by unlocking potential demand…
Use of crypto stays low in Singapore, but is rising in some emerging Asian markets
The use of cryptocurrency by the average person in Singapore remained low in the past year, and did not grow as fast as in some other emerging Asian markets such as Vietnam and…