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Australia, Nomura and Uber: Trimming Down Expectations
9 mins·07:30, 11 Apr 2019
Australia, Nomura and Uber: Trimming Down Expectations
9 mins
·
07:30, 11 Apr 2019
·
Recommended
42 mins
42 mins
00:00 - Despite weak economic data and softening property market in Australia, S&P/ASX 200 recorded its best ever start in almost 3 decades as a result of strong commodity prices and promises of easy monetary policy from central banks.
02:25 - Nomura plans to cut 1 billion US dollar in cost by letting off dozens of staff whilst pulling back from some of its international operations. A total of 150 jobs are expected to be cut across America, Europe, Middle East and Africa.
05:21 - Uber is gearing up for its anticipated IPO as it tries to raise 10 billion dollars. It is expected to be the largest U.S. IPO this year and among the 10 largest of all time.
Presenter: Lyn Mak, Sharidz Abdullah, Khoo Hsu Chuang
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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?