A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.
The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences
The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.
Several warnings were issued in the lead-up to Tuesday's attacks. 25 public and private institutions are reported to have been breached.
Cambodia, Laos securities market regulators agree to collaborate to develop the securities markets in their respective countries.
Vietnam’s Ministry of Natural Resources and Environment is in charge of establishing a national registration system for all businesses and organisations generating carbon credits.
Myanmar's Military Council has designated the Thai Baht as a currency for both international payments and account clearing.
Banks are directed to launch digital systems to enable non-resident Bangladeshis to open accounts and invest in the country from overseas.
The CBSL cut the SRR from four percent to two percent to free up liquidity and support an expansion of credit flows to the economy.
UOB will restrict payments to and from Myanmar accounts, card transactions for Myanmar individuals and banks, and close Myanmar banks’ nostro accounts.
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