World

Regional payment connectivity needed for ASEAN’s inclusive economic recovery: seminar

ASEAN countries need to improve regional payment connectivity in order to script inclusive economic recovery as well as mitigate any risks that may arise, heard a high-level seminar in Indonesia’s Bali on March 28.
Regional payment connectivity needed for ASEAN’s inclusive economic recovery: seminar ảnh 1Bank Indonesia Governor Perry Warjiyo speaks at the high-level seminar (Photo: Antara)
Jakarta (VNA) - ASEAN countries need toimprove regional payment connectivity in order to script inclusive economicrecovery as well as mitigate any risks that may arise, heard a high-level seminarin Indonesia’s Bali on March 28.

Bank Indonesia (BI) Governor PerryWarjiyo said at the seminar on payment system in the digital era that someASEAN countries — Indonesia, Singapore, Malaysia, Thailand, and the Philippines— are currently pursuing such connectivity by committing to integrating paymentsystems.

The commitment is being pursued through initiativessuch as Quick Response (QR) Code, fast payment, Real Time Gross Settlement(RTGS), and Local Currency Transactions (LCT), he said.

As part of its 2023 ASEAN chairmanship, Indonesia willextend the agreement to all ASEAN member countries so it would not just belimited to the five countries, Warjiyo said.

This is intended to improve digitisation and thecross-border payment system so that it would support ASEAN economic recovery,financial inclusivity, and support the global economy, he said.

The seminar was held as part of the first Meeting ofthe ASEAN Finance Ministers and Central Bank Governors, which is taking placefrom March 28 to 31./.
VNA
#ASEAN #economic recovery #high-level seminar #Indonesia #ASEAN chairmanship #Vietnam #VietnamPlus #Vietnam news Indonesia
Follow VietnamPlus

Related News

See more

Singapore negotiates for US concessions on pharmaceuticals, chips (Photo: Reuters)

Singapore negotiates for US concessions on pharmaceuticals, chips

Singapore is subject to a 10% tariff from the US. The country has previously warned of instability in its trade-dependent economy, along with heightened risks of recession and job losses. Singapore has lowered its 2025 GDP growth forecast to between 0% and 2%, following a 0.8% quarter-on-quarter contraction in the first quarter.

Bulusan is one of 24 active volcanoes in the Philippines. (Photo: straitstimes.com)

Philippines raises alert level after Mt. Bulusan erupts

The Philippine Institute of Volcanology and Seismology (Phivolcs) raised Bulusan’s alert status from 0 to 1 on its five-level scale, signalling low-level volcanic unrest and warning of possible phreatic eruptions.

Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Azam Baki (Photo: Malaymail.com)

Malaysia’s anti-corruption commission seizes over 65 million USD

In the first quarter of this year, the Malaysian Anti-Corruption Commission (MACC) recorded the largest asset seizure value of 177 million RM involving cash and gold bars related to the investigation against former prime minister Datuk Seri Ismail Sabri Yaakob, Azam noted.

Prime Minister Datuk Seri Anwar Ibrahim greets congregants during Friday prayers at Masjid Ar-Rashid in Taman Koperasi Perpaduan, Tambun. (Photo: Bernama)

Malaysia prioritises digital, AI education

Malaysian Prime Minister Anwar Ibrahim has underscored the critical role of digital technology and artificial intelligence (AI) in shaping the nation's future, emphasising the necessity for students to acquire proficiency in these fields from an early stage.

Representatives of Thai Binh Global at the event (Photo: VNA)

Cuban recognises outstanding contribution of Vietnamese enterprises

Thai Binh Global (wholly Vietnamese-owned) and Suchel TBV joint venture have been awarded the title of national pioneer unit by the Cuban national industrial federation (SNTI) in recognition of their outstanding contributions to production, trade union activities and social responsibility.

File photo shows Mount Lewotobi Laki-Laki spewing volcanic material in East Flores, East Nusa Tenggara province, Indonesia in March 2025 (Photo: Xinhua).

Indonesia's Mt. Lewotobi erupts

The eruption sent a column of ash up to 3,500m into the sky, with thick grey-to-black clouds drifting westward and northwestward from the crater.

(Photo: https://en.antaranews.com/)

Indonesia to attend BRICS Foreign Ministers’ Meeting

According to the Indonesian Ministry of Foreign Affairs, the upcoming meeting will spotlight a range of global and regional issues, particularly politics and security, global governance reform, and the role of developing countries (the Global South) in promoting multilateralism.