BFM 89.9
The Business Station
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42 mins
17 mins
Federal Reserve Chairman Jerome Powell told a Senate committee on Tuesday that the U.S. economic outlook is "generally favorable" but faces challenges from abroad.
He also said the Fed is prepared to “adjust” the program if conditions warrant. What does this mean and how would this impact markets?
Dodge weighs in.
06:15 - We also talk to Dodge about General Electric's deal to sell its bio-pharma business to Danaher Corp for a price-tag of US$21.4 billion.
Presenter: Joyce Goh, Sharidz Abdullah, Julian Ng
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Events · May 13 · 4:01AM
ASEAN Gateway To Cross Border Payments
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ASEAN Gateway To Cross Border Payments
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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