Southeast Asia appears open to blockchain technology and the digitization of currency despite the fact that the majority of the public remains reliant on cash.
Faced with economic and strategic challenges, Turkey has turned to Southeast Asia to potentially help revive its economy. Ankara may find support from China in its new push, but building ties with the region will depend on Turkey’s ability to keep religion out of the equation.
On December 18, Singapore-based DBS bank launched the first cryptocurrency exchange in the world backed by a traditional bank.
Malaysia and Singapore have finally canceled a fraught high-speed rail line from Kuala Lumpur to the island city-state. The two governments reportedly could not reach an agreement after Malaysia pushed to modify the project yet again over financial concerns.
Kazakhstan is emerging from its Soviet past by making progress in several areas including technological breakthroughs that could have a global impact. Collaborating with Southeast Asia remains a key part of its development strategy.
COVID-19 has highlighted the gaps in protection for migrant workers, especially in host countries like Singapore. How can civil society and regional institutions hold governments to account to better protect migrant workers from the next crisis?
Southeast Asian consumers unable to gain credit or access traditional banks are turning to neobanks. Conditions are ripe for these challengers to traditional financial institutions to make progress, although COVID-19 might threaten their disruptive potential.
The signing of the RCEP points to the potential power of Southeast Asia’s neutrality amid US-China tensions.
The 37th ASEAN Summit, which ended on November 15, saw member states adopt decisive and concrete measures to bolster internal and external cooperation and to overcome major challenges facing the regional bloc, including the COVID-19 pandemic.
A pilot clinical trial of a new breathalyzer COVID-19 test has shown more than 90% accuracy but it’s a long road ahead to commercial production and widespread use.