Citi pilots blockchain bill of lading for trade financeWednesday 21 September 2022
The blockchain trade platform TradeLens announced that Citi piloted a paperless trade transaction for client Syngenta Bangladesh. Agrochemicals were imported to Bangladesh from India with an electronic bill of lading (eBL) used to support the Letter of Credit for trade finance. TradeLens is the blockchain network founded by IBM and a Maersk subsidiary and the TradeLens eBL is one of its main offerings.
Asean needs to triple investments in renewables to meet climate goals by 2050Wednesday 21 September 2022
South-East Asian nations will need to triple investments in renewable energy to more than US$7 billion to meet climate change targets by 2050.
New Zealand economy rebounds in Q2 as tourists returnWednesday 21 September 2022
New Zealand's economy rebounded sharply last quarter as a lifting of coronavirus restrictions and the return of tourists helped it dodge recession, though it may be a last hurrah for strong growth as surging interest rates steamroll demand.
APAC banks won’t be severely hit once Basel III regime implemented: FitchWednesday 21 September 2022
Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.
Ukraine war boosts global FDI into natural gasWednesday 21 September 2022
Supply bottlenecks and growing demand are shoring up investment in the industry.