Economy

Digital assets create new “rails” for money movement

It complements existing banking infrastructure.

MAS aims for robust transition credit demand at COP28 through coalition

TRACTION aims to develop approaches to meet these needs and expand the credit market.

Banks gain 50% more tech capacity with productivity focus

Generative AI tools to streamline tasks can yield productivity gains of up to 30%.

Asia struggles with G20 payment targets

The ultimate goal is for cross-border payments to achieve “the speed of the internet.” 

Client demands push banks toward frictionless experiences

Compliance, client expectations, and legacy tech challenge banks' 2025 goals.

Gov’t support keeps APAC banks stable

Each market has their own problems, such as floods and weak property demand.

Why is willful default a growing threat to Bangladesh’s financial stability?

Bangladesh must implement stronger governance measures across its financial institutions.

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.