Economy
Cambodia, Visa launch Bakong tourist app
Cambodia, Visa launch Bakong tourist app
Tourists can use the app to pay at 4.5 million merchants in Cambodia.
India names new advisory committee members for bank applications
RBI former deputy governor Shri M. K. Jain will serve as chairperson.
Global banking industry faces headwinds amidst shifting monetary, political landscapes: BOC
It is expected to see pressures on profit growth and uneven expansion.
Japan, the Philippines renew bilateral swap agreement
The size of the BSA remains unchanged: $12b for the Philippines and $500m for Japan.
Taiwan, Lithuania ink MOU for financial services innovation
They agree to exchange information on emerging market trends and relevant regulatory issues.
MUFG Bank reorganizes overseas securities subsidiaries
Three securities firms will now become direct subsidiaries of the bank.
It’s the most wonderful time of the year!
We’re taking the time off and will be back on 6 January 2024.
WeLab Bank disbursed HK$61.56m subsidies for HS Chau Foundation
The students come from 354 government and private secondary schools across the city.
Mizuho lists Saudi Arabia ETF on Tokyo Stock Exchange
The ETF invests in the Saudi Arabian equity market.
South Korea to implement KOFR in derivatives market in 2025
Target share is 10% in 2025, and 50% in 2030.
Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025
The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.
Strategic purchasing dominates global consumer habits in 2024
Lower inflation drives quality-focused purchases and financial comfort.
ING names Deepali Bhargava as head of research, APAC chief economist
Bhargava joins from Kohlberg Kravis Roberts & Co.
SMEs, crypto regulations key to Bahrain’s fintech ambitions
Stablecoins and crypto payments are areas of interest for the central bank.
UOB, SGE ink MoU to deepen gold market cooperation
UOB is the only bank providing gold products in Singapore.
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
China's financial sector intensifies efforts to stabilise economy
The transformation of the monetary policy framework has also accelerated.
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