Connect with us

Asean

KBank joins 35 banks from 9 Countries in Asean banking initiative

Kasikornbank is joining with 35 banks from nine countries to launch the Asean+3 Banking Initiative, aimed at enhancing services for customers conducting cross-border transactions.

Boris Sullivan

Published

on

Kasikornbank is joining with 35 banks from nine countries to launch the Asean+3 Banking Initiative, aimed at enhancing services for customers conducting cross-border transactions.

The collaboration on banking products and services, as well as financial human resources development, will be through the Taksila Asean Banking Forum – a platform for expert bankers to develop training courses and share their experience.

The move aims to reinforce cooperation on financial transactions and to offer international standard banking services prior to the Asean Economic Community (AEC).

Banthoon Lamsam, chairman of KBank, said the regional integration by the end of next year under the AEC will allow for freer movement of capital, goods and services.

This will stimulate economic activities within the Asean+3 bloc and increase trade and investment. Banks in the region have to rapidly adjust to customers’ ever-changing needs in order to provide cross-border trade advice with in-depth information and innovative banking products through efficient channels.

aseanbank35

The nine countries are Thailand, China, Japan, South Korea, Indonesia, the Philippines, Cambodia, Vietnam and Laos.

 

The effort to share expertise in banking business development is the first cooperation of its kind that will bring Asean banking to the international level with the Asean+3 Banking Alliance under the Bangkok Declaration, which will see expert bankers exchange knowledge and share experiences and contribute their expertise that will lead to many financial innovations.

via KBank joins in Asean initiative of tie-up with 35 banks from 9 nations.

Comments

Asean

The Latest on Covid-19 in Southeast Asia

Thailand has largely avoided widespread community transmission of Covid-19, but the kingdom is not faring well on the economic front, with a projected contraction of 7.1 percent this year.

Avatar

Published

on

Coronavirus Asia

As a region, Southeast Asia has fared relatively well in keeping coronavirus cases low, with the notable exceptions of the Philippines and Indonesia.

(more…)
Continue Reading

Laos

China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC

Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)

Boris Sullivan

Published

on

On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.

(more…)
Continue Reading

Vietnam

Foreign capital still heads to Vietnam

As many as 798 projects added a combined over 5.11 billion USD to their investment capital, down 23 percent year-on-year in project number but up 6.8 percent in value.

Avatar

Published

on

Hanoi (VNA) – The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending