Bangkok is the world’s most visited city again, fourth year in a row

September 6, 2019

Bangkok is again the world’s most-visited city for the fourth consecutive year, beating out Paris and London. The rankings are compiled annually by Mastercard. Welcoming around 22.7 million international visitors, Bangkok ranked as the top destination for global travellers this year. Many of Bangkok’s visitors originate from these top five destinations, listed in order: Mainland China, Japan, South Korea, India and the United Kingdom. Popular attractions include the Grand Palace,…

Read More >>

Report: Rwandan Central Bank Looks to Issue Official Digital Currency

August 26, 2019

Rwanda’s central bank is looking at central bank-issued digital currency tests in other countries as they consider one themselves. Rwanda’s central bank, the National Bank of Rwanda, is researching how to offer an official digital currency. BNN Bloomberg reported the news on Aug. 22. The central bank is interested in offering digital currency as a means to increase transaction efficiency and foster economic growth, per the report. However, Financial Stability…

Read More >>

S’pore’s economy shrunk 3.4% in April to June 2019

July 14, 2019

Singapore’s economy shrank 3.4 percent in April to June 2019 from the previous three months, and grew by only 0.1 percent year-on-year. Advertisement (adsbygoogle = window.adsbygoogle || []).push({}); This means that a technical recession is going to be harder to avoid and it will be deeper. The latest figures were released by the Ministry of Trade and Industry (MTI) on July 12. Advertisement (adsbygoogle = window.adsbygoogle || []).push({}); Such a…

Read More >>

How 10 Countries Respond to Facebook’s Libra Cryptocurrency

July 12, 2019

A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments Facebook’s Libra Project Facebook unveiled its plans last month for…

Read More >>