With greater competition, banks are compelled to be creative, be innovative, and go deeper into the market to work harder to better serve the public. Ultimately, increased competition increases financial inclusion. MSMEs will be a big winner. Concluding remarks Last Wednesday marked the conclusion of the 31st Association of South East Asian Nations (ASEAN) Summit and the Special Celebration of ASEAN’s 50th anniversary.
All throughout the year during various ASEAN related meetings, collective calls for partnership and greater economic integration were made. I came to Cebu directly from Singapore wher I signed a fintech cooperation agreement with my counterpart.