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MAS chief proposes full digitalisation of China-Asean trade route

Tue, Nov 24, 2020 - 5:50 AM

Sharanya Pillaihspillai@sph.com.sg@SharanyaBT

Mr Menon notes that digitalised ILSTC would improve efficiency, reduce costs, build trust in documentation and verification, among other things.

BT FILE PHOTO

Singapore

A LAND and sea trade route connecting Western China and Asean could be fully digitalised to further promote trade flows, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said on Monday.

Mr Menon made the remarks during a virtual keynote address...

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