China to set up international operation center for digital currency
This is in a bid to advance the international use of digital yuan and better serve innovation in digital finance, according to the country's central bank.
Finance
Google Pay set to hit Bangladesh market next week
City Bank will be the first local bank to be integrated into Google Pay, allowing its customers to use their Android smartphones to make payments at any point-of-sale terminal.
Philippines to adopt OECD cryptocurrency tax framework
The full implementation of the globally accepted blueprint is targeted by 2028.
India’s total exports rise by 2.77%, trade deficit narrows to US$6.62 billion
India’s total exports for the full financial year 2024-25 hit an all-time high of US$824.9 billion, exceeding the government’s initial target of US$800 billion, and marking a…
‘Put on hold’: Stakeholders want Malaysian government to review expanded Sales and Service Tax
They said concerns have been raised over the SST’s cascading nature, lack of clarity and potential to erode household spending while squeezing business margins.
Industry concerns over Malaysia’s expanded Sales and Service Tax
The expanded SST will also put a dent in the thinning profits of building contractors who are struggling with higher operating costs, and could also affect the smooth flow of…
Wage subsidies doubled, electricity discount canceled in Indonesia’s stimulus shake-up
Eligible beneficiaries include around 17.3 million workers earning up to Rp 3.5 million a month and some 565,000 “honorary teachers”, a term commonly used for honorarium-based…
Indonesia’s inflation slows in May as food prices fall
With inflation sitting well within the central bank target, it could open room for further monetary easing to support economy recovery, though it will likely remain cautious amid…
ASEAN’s Debt Divide: Tracking the region’s rising fiscal burdens
Despite its status as a global economic powerhouse, the ASEAN bloc faces a growing public debt challenge post-pandemic, with national fiscal policies and economic structures…
Going cashless: Dawn
The government would have to work in different areas to create an ecosystem for digital transactions before Pakistan can actually hope to become a cashless economy.