BFM 89.9
The Business Station
Strong Q2 GDP. Expansionary 2023 Budget?
9 mins
·
07:15, 15 Aug 2022
·
Recommended
42 mins
42 mins
Guest: Suhaimi Ilias, Chief Economist, Maybank Investment Bank
We ask Suhaimi Ilias, Chief Economist at Maybank Investment Bank on whether the Government can afford an expansionary budget following Bank Negara releasing the 2nd quarter GDP figures last Friday that beat consensus expectations with the country’s economy growing by 8.9%
Presenter: Philip See, Wong Shou Ning
Producer: Wong Shou Ning
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ASEAN Gateway To Cross Border Payments
Events · May 13
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?