Kuala Lumpur (VNA)❀ – E-payment has become an essentialpart of the daily lives of Malaysians, especially after the COVID-19 pandemic.
Besides using bank cards and internet banking transfers,Malaysians also often use QR code scanning through DuitNow QR. This system isconnected to many other international payment systems such as NETS ofSingapore, PromptPay of Thailand, and QRIS of Indonesia. It allows businessesin Malaysia and visitors from other countries to use local currency to maketransactions through DuitNow QR. Travelers from other countries can easily scan the DuitNowQR with their mobile banking apps or e-wallets to make instant payments whiletraveling in Malaysia. Conversely, when traveling abroad, Malaysians can makeinstant payments by scanning QR codes through similar banking apps and e-wallets. For businesses, switching to e-payments can significantly reducethe risk of financial loss at a low cost. Business owners, especiallysmall and micro businesses, do not need to spend time doing inventory or spendextra money to hire cashiers. Moreover, transaction data in the payment systemhelps businesses reduce time and human resources for accounting work. Senior researcher at the Malaysian Institute of EconomicResearch (MIER) Dr Shankaran Nambiar said that some banks in Malaysia aretrying to promote cross-border payments through digital methods. The Malaysiangovernment has many agreements related to cross-border payments and Malaysianpeople can use local currency to pay in Singapore, Thailand, Indonesia, andIndia./.
Malaysia and Australia on March 4 formalised four Memoranda of Understanding (MoUs) in Melbourne on March 4 during Malaysian Prime Minister Anwar Ibrahim’s official visit to Australia and attendance at the ASEAN - Australia Special Summit.
Tourism cooperation under the “Six Countries, One Destination” initiative, rising airfares and investment in the food industry were among the topics discussed at a meeting between Thai Prime Minister Srettha Thavisin and his Malaysian counterpart Anwar Ibrahim on March 5.
At the roundtable dialogue between Malaysian Prime Minister Anwar Ibrahim and Australian companies in Melbourne on the sideline of the ASEAN-Australia Special Summit, major Australian groups have shown interest to invest a total of 5.18 billion USD in the Southeast Asian country.
Malaysia’s Institute for Democracy and Economic Affairs (IDEAS) on March 6 held a “Malaysia Outlook Conference 2024: Ensuring Stability Delivers” which attracted researchers, scholars, and the media.
Malaysia is determined to expand its trade linkages by ensuring the effective implementation of the ASEAN-China Free Trade Area (ACFTA) and the Regional Comprehensive Economic Partnership (RCEP), Secretary-General of the Malaysian Ministry of Investment, Trade and Industry Hairil Yahri Yaacob has said.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Illustrative photo (Photo: thestar.com.my) 
