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Project Dunbar is jointly led by the BIS Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore and the South African Reserve Bank
EQT Mid Market Asia III fund made the investment in Guardian Shanghai Hygiene Service, which has a substantial presence in China's populous southern and eastern provinces.
Plus500 said the company's entry into Japan's retail trading market "represents a major growth opportunity". Financial terms were not disclosed
The hyperscale data centre will be built in the eastern part of the Seoul metropolitan area, close to the Pangyo Techno Valley, a technology hub known as South Korea’s Silicon Valley
ADB prescribed easing barriers to transport and trade, and boosting investments in education, training, health systems, social assistance, green infrastructure and technology
Company expects to enable businesses to seamlessly implement automation of complex workflows through a "no-code integration and automation platform"
The sector posted net outflows of $47 million in the week ended March 18, after experiencing outflows of $110 million the previous week
The country’s cryptocurrency exchanges say the move is a ‘backwards step’ and will deter investors
A slowdown in Chinese growth and Covid-19 outbreaks have taken a toll on consumer spending. Revenue was 27.23bn yuan ($4.29bn) in the 4th quarter, below estimates of 30.10bn yuan
The Financial Stability Board is closely scrutinising the use of cryptoassets during the war in Ukraine after concerns they could be used to evade Western sanctions on Russia
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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