Economy
South Korea reviews allowing insurers to conduct banking operations
A task force was formed to look into this.
South Korea reviews allowing insurers to conduct banking operations
A task force was formed to look into this.
Singapore banks to report flattish Q4 22 earnings amidst slow global growth
NIMs will rise but the expansion could decelerate due to higher funding costs.
MAS to cooperate with Ghana to open trade and financial corridor
It will work with the Bank of Ghana and the Development Bank of Ghana for the project.
MAS, Bank Indonesia extends bilateral financial arrangement
Both leaders of Singapore and Indonesia endorsed the arrangement.
Hong Kong steering group launches sustainable finance internship
The programme aims to encourage students to make a career in the field.
HK businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
Crypto and DeFi cannot circumvent Russia financial sanctions: MAS
The regulator said appropriate measures will be taken for FIs who will breach these sanctions.
Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Hong Kong is the top international financial centre in Asia—survey
Survey respondents also saw Hong Kong as a gateway to mainland China.
Philippines’ BSP announces countermeasures against fake banknotes from ATMs
The banking regulator earlier warned the public of counterfeit notes from ATMs.
Philippines' central bank warns public of fake banknotes from ATMs
The public is urged to examine banknotes carefully after using a machine.
Singapore, China reaffirm commitment to financial supervisory cooperation
The supervisory roundtable was held virtually.
MAS and Bank Indonesia extends $10b bilateral financial agreement
The two extended the agreement until 4 November 2022.
ADB boosts 2019-2030 climate financing goals to $100b
The bank expects its own climate financing in 2019-2021 to reach $17b.
KBank to eliminate long-term loan for coal power by 2030
KBank is a signatory of the UN's sustainable financing initiative.
Banking sector’s loan exposure to Evergrande ‘insignificant’: MAS
Direct exposures to China’s property sector are less than 1% of non-bank loans.
Philippines’ BSP holds interest rates at bay
The central bank, however, warns of upcoming inflation.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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1. GXS Bank launches term deposit product Boost Pocket 2. China’s big four banks face $100b shortfall in loss-absorbing capital 3. Labour force upskilling needed as SG nears 'super-aged' status 4. Cambodian banks breach covenants as bad loans surge 5. Tottenham Hotspur taps Ant International as global payment solutions, digital wallet partnerEvents
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