Economy

Banks’ profitability to decline in 2025 as interest margins narrow

Commercial banks may cut personnel, and regulators may prioritize stability over staff retention in M&As.

Taiwan’s Financial Supervisory Commission names new chief sec for FEB

Wen-long Kuo was formerly the division director at the FEB.

Japan and Indonesia renew their bilateral swap agreement

The size of the BSA is up to $22.76b or its equivalent Japanese yen.

The Philippines launch financial inclusion website

The website features the latest regulations, issuance, and initiatives from FISC agencies.

Thailand, Philippine central banks discuss AI, digital payments in bilateral meeting

They discussed the use of AI to support the central bank’s work, amongst others.

Mizuho, UNDP team up to support impact businesses

UNDP will provide Mizuho with advisory services.

India and Maldives ink currency swap agreement

The agreement is valid until June 2027.

HK central bank, banking assoc express support for banking integrity charter

The HKMA and HKAB co-hosted the launching ceremony with ICAC.

Mizuho buys stake in fusion power tech firm Zap Energy

Mizuho said that this is part of its bid for carbon neutrality.

China property sector bailout to hit banks’ asset quality, solvency

Solving the issue of heightened inventory may cost 2.6% of China’s GDP.

SMEs propel growth in Asia’s corporate banking

Asia’s CIB is projected to grow by 7% annually through 2027.

India’s central bank names new executive director

Shri Aviral Jain will look after the legal and premises departments.

Japan, Cambodia’s financial service authorities exchange letters of cooperation

They will exchange views on regulatory and supervisory practices.

SCB sells food delivery platform Robinhood for over $61.3m

The buyers, led by Yip In Tsoi Group, will make an initial payment of $12.27m.