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Business 25 May 2021 | 7:00 AM

Central bank moves to develop pilot digital currency

SEOUL: South Korea’s central bank yesterday said it will choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central bank-backed digital currency.

Business 21 May 2021 | 7:00 AM

Taiwan’s once blistering economy is battered

TAIPEI: Taiwan is facing major threats from a surge in coronavirus cases and drought-triggered power outages, potentially derailing one of Asia’s economic success stories this year.