BFM 89.9
The Business Station
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42 mins
17 mins
Bauxite mining in Pahang began almost two years ago has turned into a veritible gold rush. But it has left the state covered in red dust as miners flock to the state to capitalise on this mineral ore from which aluminium is extracted. While the miners rejoice in their newfound wealth, the people of Pahang are left seething over the environmental pollution. We unearth the side effects of this activity, along with its long term public health implications.
This is a report by Muhammad Haniff Baharudin and Jason Lim.
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ASEAN’s digital payments sector is experiencing rapid growth, fueled by increasing smartphone use, fintech innovation, and a booming e-commerce landscape. Key markets like Indonesia, Vietnam, and the Philippines are leading the way, with major opportunities in digitizing MSMEs and expanding rural financial access. Consumers are shifting toward mobile-first behavior, embracing e-wallets, mobile banking, and digital banks that offer greater convenience and accessibility. ASEAN central banks are strengthening cooperation to enhance payment linkages through QR code integration and shared standards. A major initiative, Project Nexus, aims to make cross-border payments faster, cheaper, and more seamless, though challenges remain in aligning regulations and infrastructure. As digital transactions surge, cybersecurity becomes critical, with the need to protect users without disrupting the payment experience. Importantly, digital finance is helping bank the unbanked, especially in rural areas, where mobile money and fintech tools are providing people with their first access to formal financial services.How can ASEAN ensure inclusive growth as digital payments continue to expand?
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