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.
Though Singapore has seen a decrease in COVID-19 cases, the city-state’s government is now enforcing mandatory nationwide contact tracing through apps and Bluetooth tokens. However, their latest move faces resistance.
ASEAN has pushed to keep Southeast Asia out of the nuclear weapons race. However, with growing military interference from international actors, Southeast Asian countries may reconsider the choice in order to ensure their security.
Singaporean company Bellagraph Nova wants to buy Newcastle United, one of the English Premier League’s biggest clubs. Asian companies already control teams throughout Europe but what is the appeal and what are the challenges that lie ahead?
Despite the ongoing coronavirus pandemic and its impact on Southeast Asia’s economies, banks in the region remain committed to enhancing compliance. Most institutions see artificial intelligence as vital to combating money laundering and other financial crimes.
Gendered inequalities persist despite the foundational roles many women play in economies across the region.
A new report details the extent to which the coronavirus pandemic is affecting the region’s stock markets and how quickly those markets have started to recover. It offers some insight into how the region’s markets might handle future shocks.