Central banks must guide Asean+3 through age of novel risks
Authorities must revise capital frameworks and integrate resilience into monetary operations to tackle challenges
Add BT as a preferred source
IN JUST the last few months, novel risks have crystallised across Asean+3.
Grab merchants in Singapore began accepting stablecoin payments; Typhoon Bualoi flooded Philippine and Vietnamese ports and factories, paralysing entire provinces; and US tariff increases are forcing regional economies to recalibrate supply chains.
These disruptions share a common thread: traditional economic frameworks cannot keep pace. Digital assets are reshaping monetary systems, social tensions are threatening political and economic stability, climate extremes are disrupting supply chains, and geopolitical shifts are upending trade patterns.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
