Singapore and the UK will promote and facilitate rules that develop a safe and secure e-payment system. This includes encouraging businesses to use Application Programming Interfaces (APIs) and adopting internationally accepted standards.
Fintech: the natural response to a quarantined economy
During the global lockdown, MSMEs needed Financial Technology (fintech) to keep business operations going. FinTech companies also provided an intrinsic relief to business owners that were at risk of getting sick by continuing to operate manually.
Thai SMEs Exporting to RCEP Countries to receive special loans
Under the campaign, the Export-Import Bank of Thailand (EXIM Bank) has allocated 3 billion baht to issue loans to SMEs, micro SMEs and community enterprises. To be eligible, a business must be looking to export products to the RCEP market.
UOB Thailand outlook changed to negative after acquisition of Citi
United Overseas Bank (Thai) Public Co Ltd, headquartered in Bangkok, reported total assets of THB725 billion as of 31 December 2021. The outlook was changed to negative from stable because the acquisition will result in a significant decrease in UOBT’s core capital ratio.
Credit trend for APAC corporates will remain stable in 2022 (Moody’s)
Moody’s estimates that the GDP growth of G-20 advanced and G-20 emerging economies will grow at 4.2% and 4.8%, respectively, in 2022. Fiscal policies across countries will shift from accommodative to strengthening long-term growth potential and debt sustainability.
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