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Philippines sues Maybank affiliate for tax evasion
Philippines sues Maybank affiliate for tax evasion
Philmay Property, Inc being sued for US$4.2 million in unpaid taxes.
Cut in CRR needed to benefit borrowers
Refinancing pressure prevents borrowers from benefiting from government rate cuts.
Philippines increases MBO deposit limits by 63%
Move intends to help promote financial inclusion in rural areas.
India launches first Islamic equity index
Provides a new benchmark for Islamic investors.
ANZ's profits jumped a measly 1% to US$3.04b
Improved results due to cost cutting and better Asian business.
BOCHK's pre-provision profit up 3% to HK$6,991m
Here are 3 key highlights.
HK and Singapore banks fear losing key staff
Nine in 10 banks and financial services firms also experience recruitment problems.
UOB's Singapore loan growth at risk of slipping from 10%
To just mid-single digits.
Agricultural Bank of China hit by 15% rise in operating expenses in 1Q13
Net profit was only RMB47b.
OCBC's net profit down 16% to S$696m in 1Q13
Blame it on lower trading gains.
Top 3 Chinese banks report double digit earnings growth
Growth rate will keep slowing as margins ease, however.
Vietnamese banks to decrease from 39 to 15 by 2017
Find out what will cause the drop.
Bank of China's net profit up 8% to RMB39.8b in 1Q13
Check out BOC's results here.
BOCHK is best geared to positive CNH developments
Thanks to HKMA easing restrictions on offshore RMB.
3 key takeaways from ICBC's analyst briefing revealed
NIM compression will bottom out in 2Q13.
2 key positives to China Construction Bank's RMB59.6b profit in 1Q13
Find out how profits grew 16%.
Retail credit will continue to drive Indian bank growth
Demand from the corporate sector will continue to remain weak, however.
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