11
May
Jakarta, May 11 (IANS) To facilitate regional economic integration, leaders of the Association of Southeast Asian Nations (ASEAN) made a declaration on advancing regional payment connectivity and promoting local currency transaction during the two-day summit of the bloc. This year's 42nd ASEAN Summit under Indonesia's chairmanship is themed "ASEAN Matters: Epicentrum of Growth", held from Tuesday to Thursday in the Indonesian town of Labuan Bajo, reports Xinhua news agency. The declaration said leaders recognized the potential benefits of local currency usage in strengthening financial resilience, deepening regional financial integration by improving intra-ASEAN trade and investment, and bolstering regional value chains. Leaders…