News
SC Ventures expands into Abu Dhabi's tech ecosystem
New office targets regional tech innovation and fintech growth.
SC Ventures expands into Abu Dhabi's tech ecosystem
New office targets regional tech innovation and fintech growth.
Thailand’s TISCO maintains strict credit policy as car loans fall
It will maintain its high dividend payout but won’t heed calls to raise it, analysts said.
Malaysian banks’ asset quality strong but profits to stay flat in 2024
A sustained currency depreciation may affect import-reliant sectors, an analyst warned.
Taiwan’s domestic banks extended $300.7b in SME loans
This accounts for 65% of all loans extended to all enterprises.
PH central bank revokes license of local money changer
Money changer NIKKO reportedly committed “serious violations” of money laundering laws.
Union Bank’s profit outlook dims on higher costs and riskier loans
It has less buffers for loan losses than lower-rated banking peers, Moody’s Ratings warned.
Hang Seng Bank warns against phishing email
The emails lead to a fraudulent website that may request their bank or card information.
New Sydney investment offers 65% loan-to-value ratio
Conservative lending reflects cautious market sentiment in Sydney's industrial sector.
StanChart taps Cushman & Wakefield for upgraded property services
C&W will help drive the bank's sustainability agenda across its real estate portfolio.
Maybank offers financial package for registered charities
They offered the first recyclable grant in Singapore.
Korean banks to ease lending standards for companies and mortgages
But banks are expected to tighten lending standards for household loans.
Malaysia warns against four unauthorised companies
They have similar names to companies authorised by BNM but are not related to them.
Alliance Bank lowers fixed deposit rates
The counter rate for 1-month fixed deposits is now just 2.65% from 2.75%.
Weekly Global News Wrap: ECB raises concerns over UniCredit’s high turnover; China warns banks against “one-sided” credit pursuit
And two JP Morgan & Chase top dealmakers are reportedly leaving the bank.
Hong Kong launches new credit reference operating model
Credit Data Smart will guide the collection of credit as future reference to loan providers.
Ant International to build Malaysia digital business centre and is hiring 500 roles
The centre is expected to move in at The Exchange 106 by 2025.
HK-based fintech KPay expands operations to Singapore
The firm plans to triple its merchant base in Singapore to over 10,000.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking