Microfinance ‘powering’ economic growth, SDGs
The assertion followed a study that highlighted that the Microfinance sector is a potent economic driver and a significant force in achieving SDGs.
Finance
Why spot bitcoin ETFs remain off limits for Korean investors
As South Korean investors have to trade through local brokerage firms when investing in overseas stocks or financial products, they will not be able to invest in spot bitcoin ETFs…
Asia-Pacific leads in stablecoin payment adoption, says fintech firm Circle
Stablecoins are cryptocurrencies whose value is pegged to that of another currency, commodity, or financial instrument. It is usually pegged to the United States dollar on a…
Bangladesh’s foreign loans: Repayment to rise 63% in three years
The surge in disbursement of foreign loans and interest payments against them is pushing up the debt servicing requirement.
Thailand’s digital wallet scheme to start on May 1: Deputy Finance Minister
He also said the committee in charge of implementing the digital wallet scheme would hold a meeting within a week to determine the timeline of the scheme.
Bangladesh’s financial account deficit swells as outflows intensify
It comes despite a 20 per cent fall in imports in the first five months of 2023-24 while exports receipts rose at a snail's pace, loan payments outpaced fresh credits, and the gap…
Philippines’ debt bloated to record high P14.51 trillion in November 2023
Meanwhile, external borrowings sagged by 2.06 per cent or P94.15 billion month-on-month to P4.48 trillion as of end-November. The Treasury said foreign debts fattened by P273.84…
Philippines stock exchange resumes trading after over two-hour halt
The PSE did not provide a reason why trading was interrupted at 9:32 a.m. but said it would make further announcements. The benchmark stock exchange index opened 0.22 per cent…
Hong Kong starts consultation on proposed stablecoin regulations
The legislative proposal includes introducing new legislation to implement a licensing regime requiring all fiat-referenced stablecoin issuers that meet certain conditions to be…
Philippine government unveils P585-B local borrowing plan for Q1 2024
Broken down, the Bureau of the Treasury will borrow P75 billion via T-bills in January, with five auctions scheduled for the month. In February, the government lined up four…