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Making sense of the markets this week: October 22, 2023 Oct 21st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
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Tangerine Money-Back Credit Card Review Aug 2nd
Looking to earn cash back on your daily expenditures? Don’t want to pay an annual fee? Enter the Tangerine Money-Back credit card – one of the most popular cash-back credit cards on the market.
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Southeast Asian nations complete pact to allow qualified banks to operate freely in the region
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Southeast Asian nations Saturday wrapped up a key agreement allowing qualified banks to operate freely in each other’s countries in a push toward greater financial and economic integration.
The regional banking integration framework is part of efforts to create an economic community by the end of the year, making the 10-member Association of Southeast Asian Nations a single market and production base.
ASEAN finance ministers and central bank governors said in a joint statement after a two-day meeting that qualified ASEAN banks can now operate with greater market access and be accorded flexibilities similar to those of domestic banks in the host country.
They said this will help accelerate the pace of regional financial integration and boost cross-border trade and investment.
“It took us five years from conception to operationalize this. This is very exciting. This is something concrete, it’s a major progress for ASEAN,” Malaysian central bank governor Zeti Akhtar Aziz told reporters…
The regional banking integration framework is part of efforts to create an economic community by the end of the year, making the 10-member Association of Southeast Asian Nations a single market and production base.
ASEAN finance ministers and central bank governors said in a joint statement after a two-day meeting that qualified ASEAN banks can now operate with greater market access and be accorded flexibilities similar to those of domestic banks in the host country.
They said this will help accelerate the pace of regional financial integration and boost cross-border trade and investment.
“It took us five years from conception to operationalize this. This is very exciting. This is something concrete, it’s a major progress for ASEAN,” Malaysian central bank governor Zeti Akhtar Aziz told reporters…
