The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong.
The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities among companies and institutions in Indonesia and Hong Kong, according to an HKMA statement.
This initiative was…
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American officials in Thailand and the US embassy in Myanmar referred questions on the case to the State Department, which confirmed the “death of a US government employee” assigned to the embassy in Yangon but gave no other details.
“Out of respect for the privacy of the…
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