Economy

China's bank assets grow to $60.14t in Q1 2024

This grew by 8.1% on a year-on-year basis.
6 days ago

China's bank assets grow to $60.14t in Q1 2024

This grew by 8.1% on a year-on-year basis.
6 days ago

Crackdown may slow Vietnam banking processes: S&P

Vietnamese bank’s failure reveals corruption, fraud and violations in sector.

Indonesia's money supply falls 6.9% YoY in April

Thanks to disbursed loans and net claims.

HKMA reports 2.2% rise in total bank deposits

Total remittance of RMB for cross-border trade settlement saw $176b.

Banks most vulnerable to illegal trade financing – MAS

Env Crimes generate between $110b-$281b in criminal gains yearly.

Overseas Filipinos’ remittances up 3% to $2.95b in Feb

A total of $2.65b in remittances coursed through banks, the central bank said.   Personal remittances from Overseas Filipinos (OFs) grew by 3% to $2...

Singapore banks’ interest rates will remain elevated until Q3: analyst

DBS and OCBC are expected to provide dividend yield of 7.4% and 6.5%.

Asian banks struggle with less liquidity amidst global slowdown

Shifting economies and interest rates shape the banking landscape.

'Tighter' financial conditions to weigh on Singapore's lending market: MAS

Risks include high inflation, geopolitical tensions, and spillovers from China's economic situation and global real estate market strains.

Model risk management vital for banking innovation

Ensuring effective decision-making and addressing new challenges like climate risk through robust model risk management.

Nature's decline threatens $10 trillion global GDP by 2050

There is a critical impact of biodiversity loss on the economy and the opportunities in sustainable investing.

Fed policies shape APAC bond markets

The impact of Federal Reserve's decisions on Asia-Pacific local currency bonds reflects in interest rates.

Bank of America eyes client-focused approach amidst Malaysia's economic rebound

Bank of America was named as the top investment bank in Malaysia in 2023 based on M&A deals and services offered.

BSP: cap on online payment facilities to stay

This aligns with the BSP's ongoing efforts to encourage digital financial transactions.

MAS: freeze remittances to China for the next three months

It is effective from 1 January 2024 to 31 March.