Indonesia’s ambitious plans for its new capital, Nusantara, are underway, yet there remains uncertainty of whether the president’s ambitious vision will be realised as there are questions over its green credentials and how the city will be financed.
Asia-Pacific
China courts Saudi Arabia as part of its de-dollarisation strategy
December 18, 2023China’s growing use of currency swap agreements — most recently with Saudi Arabia — are a key part of its strategy to lessen the global influence of the US dollar.
Mastercard demonstrates interoperable CBDC for trusted Web3 commerce
December 7, 2023Mastercard’s tested solution would enable CBDCs to be tokenised onto different blockchains, offering consumers a new option to participate in commerce.
DBS announces technology resilience roadmap
December 6, 2023Following a series of digital disruptions this year, DBS has issued an apology and laid out a roadmap to improve technology resiliency. What can banks learn from these challenges?
Philippines poised for a digital banking revolution
November 22, 2023With a large underbanked population living in a fast-growing economy, firms taking the lead in the Philippines could be at the forefront of the country’s digital banking revolution.
Indonesia’s investment focus on green economy
November 16, 2023Indonesia’s search for value has seen a shift towards bringing value to the industries that support its commodity production, while also contributing to the green economy.
South-east Asia takes QR codes across borders
November 15, 2023Does the region’s increasing usage of QR payments signal a wider shift towards digital finance?
HSBC steps up its tokenisation efforts
November 10, 2023The bank’s partnership with Ant Group is the latest in a series of blockchain projects.
Asia bank debt issuance dives
November 7, 2023Banks in the region are raising less debt amid uncertainties about interest rates and the growth outlook.
Rapid growth of central Asia’s IT economy may change investment prospects
November 2, 2023As global demand for tech talent grows, could central Asia become a technology hotspot?