EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Wednesday, March 22, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Malaysia, Thailand’s banking institutions invited to be ‘Qualified ASEAN Banks’

by moneycompass
September 15, 2021
in Local Market News
Bank Negara Malaysia (BNM) has sought to take a conservative yet logical approach to digital assets in view of the complexities and uncertainties associated in order to maximise the advantages while limiting the dangers.

Bank Negara Malaysia (BNM)

Share on FacebookShare on WhatsApp

KUALA LUMPUR – Banking institutions from Malaysia and Thailand are invited to indicate their interest to be accorded with the Qualified ASEAN bank (QAB) status in the two countries.

This is pursuant to a bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT).

According to a joint statement by BNM and BOT on September 14, QABs are envisioned to facilitate greater intra-ASEAN trade and investment in the region, in accordance with the ASEAN Economic Community Blueprint 2025 that aims to create an integrated and highly cohesive ASEAN economy.

The statement said the bilateral arrangement and its commitments form part of the ASEAN Framework Agreement on Services (AFAS), and both central banks reckoned that the bilateral arrangement is a significant milestone in the journey towards ASEAN financial integration as envisioned under the ABIF initiative.

Recently, the BOT and BNM had also launched the Cross-Border QR Payment Linkage between Thailand and Malaysia, it said.

BNM Governor Datuk Nor Shamsiah Mohd Yunus said the bilateral arrangement signified the strengthening of economic ties between Malaysia and Thailand — set to benefit the people of both countries as they will be able to enjoy better banking convenience and access to a wider range of banking products.

 

Read more: Here Are 3 Things You Should Do If Your Bank Account Gets Hacked

Tags: ASEANBank Negara Malaysia (BNM)Bank of Thailand (BOT)Economy
ShareSendShareSendTweetShare
Previous Post

PM: Govt to continue with policies to increase income, purchasing power of B40 group

Next Post

Government, PH MoU a sign of positive economic growth, stability

Related Posts

Loh Guat Lan, President of LIAM
Local Market News

Life Insurers Offer Relief Measures to Assist Flood Victims

08 Mar 2023
Bursa Malaysia
Current News

Bursa Malaysia enhances Islamic securities

10 Feb 2023
Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023

Discussion about this post

MOST POPULAR

  • Top 100 SMEs Defy Economic Headwinds to Post Triple-Digit Growth

    0 shares
    Share 0 Tweet 0
  • Haleon launches #BetterOralCareNation campaign to improve oral health habits in Malaysia

    0 shares
    Share 0 Tweet 0
  • 7 Reasons to Hold MICE Events at The Westin Grand Ballroom and Convention Center, Surabaya

    0 shares
    Share 0 Tweet 0
  • Leveraging MineSec’s SDK, NCCNet SoftPOS solution receives PCI CPoC certification

    0 shares
    Share 0 Tweet 0
  • Dataxet Group Operation in Malaysia Wins Prestigious Brand Laureate Award for Sustainable Business

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER