Security function undermined by weak relationships with wider business
Response to cost-of-living is entrant at No.1 on Top 10 telecoms risk radar The rise in the cost-of-living has driven consumers to readjust spending priorities. Telcosâ failure to respond to this changing mindset is now the biggest threat facing the industry, according to…Continue Reading
It adjusts its policy via three levers: the slope, mid-point and width of the policy band. “We firmly believe that policymakers were much more concerned about near-term price pressures last year. We see concerns shifting to the medium-term, hence the return to slope steepening,” said analysts at the Bank ofContinue Reading
While many advanced economy central banks are facing a dilemma over how to fight inflation in the middle of an outbreak of financial instability, the Bank of Japan (BOJ) is facing a unique dilemma of its own. In 2022, Japanese inflation reached 4% — well above the BOJ’s target of 2%. Ten years since the […]Continue Reading
TOKYO: Asia’s factory activity weakened in March as soft overseas demand hurt output, surveys showed on Monday (Apr 3), suggesting that a deteriorating global outlook will remain a drag on the region’s recovery and keep policymakers on their toes. Export-reliant Japan and South Korea both saw manufacturing activity contract inContinue Reading
Early in January, I opined in Asia Times that “2023 bodes poorly for US international relations” under US President Joe Biden. I based my conclusion on China’s impressive success in making new friends versus the Biden administration’s inability to make any. In less than three months since then, developments around the world have been seismic […]Continue Reading
DuitNow-NETS QR is connected for travellers to make payments
Person-to-person fund transfers & remittances ready by year-end Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) yesterday launched a cross-border QR code payment linkage between Malaysia and Singapore.
The linkage will allow customers of participating financial institutions to make retail payments…Continue Reading
How criminals seemingly working for North Korea were able to plunder cashpoints in 28 countries.Continue Reading
A Rio-based Chinese bank will be connected to China’s cross-border interbank payment System (CIPS), an alternative to SWIFT, to support trade settlements between China and Brazil in renminbi. Banco BOCOM BBM, a subsidiary of the Bank of Communications, China’s fifth largest bank, will be linked to CIPS to reduce the costs of commercial transactions with […]Continue Reading
Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state. Many low- and middle-income countries – the population the World Bank is tasked with helping – are falling deeper into debt and facing […]Continue Reading
China is weighing the risk of losing trade benefits and carbon emission exemptions after the United States House of Representatives passed a bill that calls for revoking “developing country” status of what is now the world’s second-largest economy. The bipartisan bill, titled “The People’s Republic of China Is Not a Developing Country Act,” was passed […]Continue Reading