Cross-border payments left in limbo

Article Abstract:

The Asian currency markets are hampered by antiquated systems used to settle cross border payments. Transferring funds between Asian countries is slow and service poor, particularly for small businesses and clients deemed of minor importance. The financial institutions make money off of the float while users are left bereft of their own funds for days at a time. The problem is a major one as Asian currency markets handled payment flows of between $50 billion and $75 billion on a daily basis.

Electronic computers, Electronic Computer Manufacturing, Functions related to deposit banking, Electronic Funds Transfer Systems, Foreign Exchange Dealers, Commodity Contracts Dealing, Banking industry, Services, Asia, Thailand. Bank of Thailand, Foreign exchange market

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Unleashing a wave of interest

Article Abstract:

Kazakhstan's State Investment Committee is trying to attract foreign investment as it lacks the capital to develop its incredibly rich natural resources. The government of Kazakhstan consolidated all of the foreign investor licensing functions formerly held by various ministries in the State Investment Committee in 1996 in order to make it easier for foreign investors.

Administration of General Economic Programs, Foreign Investment Regulations, Foreign investments, Economic policy, Kazakhstan, Foreign investment laws, Kazakhstan. State Investment Committee

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