Economy

HK businesses see 50% increase of bad debt write-offs: study

Almost half of the total value of business-to-business invoices was overdue.

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.

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.

UOB injects $88m in fresh capital for Vietnam charter

The capital injection was approved by the State Bank of Vietnam.

Sri Lanka’s large banks’ outlook worsens amidst new COVID surge

The new COVID surge that began in April may hinder GDP recovery.

Financial firms urge South Korean regulators to back off internal affairs

The firms represent the insurance, commercial banking, and brokerage sectors.

Indian banks strong buffers to limit risk of COVID-19 resurgence: analyst

Several factors will help Indian banks mitigate their risks.

Philippine bank ratings at risk of another downgrade: Fitch Ratings

Fitch ratings downgrades the Philippines’ banking system operating environment score to negative.