The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

Central banks of Brunei, Laos join regional payment connectivity initiative: Bank Indonesia

Published Wed, Apr 3, 2024 · 04:27 PM
    • The initiative aims for more inclusive cross-border payments in the region, adding a total of eight central banks in the region have joined with the latest addition of Brunei and Laos.
    • The initiative aims for more inclusive cross-border payments in the region, adding a total of eight central banks in the region have joined with the latest addition of Brunei and Laos. PHOTO: REUTERS

    CENTRAL banks of Brunei Darussalam and Laos have officially joined a payment connectivity initiative in the South-east Asia region, Bank Indonesia said in a statement on Wednesday (Apr 3).

    The initiative aims for more inclusive cross-border payments in the region, the statement said, adding a total of eight central banks in the region have joined with the latest addition of Brunei and Laos.

    Central banks of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam have joined previously. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Bank IndonesiaBruneiLaosPayments

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Japan becomes more valuable to Asean partners when that alliance increases Japanese capabilities without limiting its other relationships in Asia.

    What role can Japan play in Asean’s future?

    Between May 2024 and July 2026, around two-thirds of the estimated 640 tankers loaded at the Westridge Marine Terminal in Vancouver arrived in Asia.

    Canada is upping oil flows to Asia, but South-east Asia’s refineries aren’t ready to handle them yet

    Intel Malaysia's Penang facility. The country’s chip ambitions have become too large and technologically diverse to be contained within a single state.

    As Malaysia’s chip goals morph into a multi-state model, are they outgrowing Penang?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More