Bach Thien

Digital financial services enabled by emerging technologies are accelerating financial inclusion, the Economic Survey 2022-23 said. The Survey said the introduction of Central Bank Digital Currency (CBDC) will provide a boost to digital financial services by laying the framework for “another generation of financial innovation”. “Digital financial services enabled by emerging technologies and innovative solutions are accelerating financial inclusion, democratising access, and spurring the personalisation of products,” the Economic Survey, which was tabled in the Parliament on Tuesday, said. Read | Economic Survey 2023 calls for simpler tax rules to bring startups back to India “With a strong foundation provided by the Jan Dhan-Aadhaar-Mobile (JAM) trinity , UPI, and other regulatory frameworks, the pandemic has aided acceleration in digital adoption and provided a fillip to digital financial services solutions by banks, NBFCs, insurers as well as fintech. The … [Read more...] about Economic Survey 2023 sees RBI’s digital currency as a booster shot for financial services

Electric two-wheeler sales in the country are expected to grow to around 22 million by 2030 amid a demand for affordable transportation and the focus on reducing carbon emissions, a report said on Tuesday. A predominantly two-wheeler market, India 's overall EV penetration, including two-wheeler stood at around 3 per cent of the total automobile sales in 2022 calendar year. Most developed countries are four-wheeler-dominated markets with as high as 63 per cent and 56 per cent penetration, in the US and China, respectively, Redseer Strategy Consultants said in its report released on Tuesday. It noted that though the electrification of mobility in India is still at a nascent stage, there is a massive headroom for growth. Consumers are increasingly picking EVs understanding that the Total Cost of Ownership ( TCO ) is more favourable than their petrol counterparts; it said and added that many brands and players have entered the field given a low barrier to entry through … [Read more...] about Electric two-wheeler sales to reach 22 million by 2030: Report

No.68 Vietnam features national top player Ly Hoang Nam, Le Quoc Khanh, Pham Minh Tuan, Nguyen Van Phuong, and Nguyen Dac Tien. Among them, Nam shoulders a heavy task as he is the highest-placed, at No.247 in single rankings and No.944 in doubles. Players will compete in five matches. Two singles will be held in the first day while one single and two doubles are on the next day. The winners of the three matches will advance to the main round of Group II in September while the losers will be dropped to the Group III Asia-Oceania competition. Meanwhile, world No.62 Indonesia will feature its player Christopher Rungkat. The 33-year-old was ranked No.241 in the singles category in 2013 but has disappeared in the ranking since December 2018. Rungkat is a master in the doubles event. He was placed No.68 in 2019 and is currently No.200 in the world. Other players are Rifki Fitriadi, David Agung Susanto, Nathan Anthony Barki and Anthony Susanto under captain Wirjawan Sugiharta. Teams … [Read more...] about Tennis: Vietnam against Indonesia for Davis Cup World Group II berth

In this file photo taken on May 23, 2017, then-President Rodrigo Duterte shakes hands with President Vladimir Putin during their brief meeting at the Kremlin in Moscow, Russia on May 23, 2017. (File photo from Malacañang) DAVAO CITY, Davao del Sur, Philippines —The best way to end the war in Ukraine and prevent a nuclear war between Russia and the West led by the United States is to oust President Vladimir Putin. Former President Rodrigo Duterte made the remark in an interview on Monday night with controversial televangelist Apollo Quiboloy over Sonshine Media Network Inc. Quiboloy had asked him to comment on the ongoing war in Ukraine, which spawned by Russia’s invasion of its neighbor in February last year. Duterte said that Putin, which in various instances before he called a “friend,” could be inclined to make true his threat of launching nuclear warheads. ‘I think Putin will go for it’ “You place Putin in one corner, he might be tempted to push the nuclear button,” … [Read more...] about Oust Putin to save Ukraine, avoid nuclear war – former President Duterte

Senate President Juan Miguel Zubiri (File photo from the Senate Public Relations and Information Bureau) MANILA, Philippines — The proposed creation of a Maharlika Investment Fund (MIF), though a priority bill, won’t be rushed so that it can go through proper scrutiny and amendments in the Senate, Senate President Juan Miguel Zubiri said on Tuesday. Zubri said he had instructed Sen. Mark Villar — the prime mover of the fund in the chamber — to allot time to hear the insights of various sectors during weekly hearings, regardless of whether they were in favor or opposed to the bill. “In other words, don’t rush this,” Zubiri, speaking in a mix of English and Filipino, said at a press briefing. He also told Villar then draft a committee report before the Senate break by the end of March so that other senators could study it and have “a full debate on the issue” on resuming their session after the Holy Week break. “We in the Senate will not rush this measure and will make sure … [Read more...] about Maharlika bill a priority but won’t be rushed in Senate – Zubiri