Foreign Exchange

Philippine central bank denies issuing directive re “stamped” US dollar notes

It reminded the public to remain vigilant against bogus information.

Philippine central bank denies issuing directive re “stamped” US dollar notes

It reminded the public to remain vigilant against bogus information.

MAS investigating Samlit for allegedly failing to remit money to China

The money changer is suspected of failing to comply with obligations as a licensed payment service provider.

Philippine remittances up 2.9% to $3b in November: central bank

Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.

HSBC HK unveils debit, supplementary card waiving foreign currency fees

The cards also offer a 0.5% instant cash rebate on all spendings.

Philippine court convicts owner of unregistered money exchange business 

The owner and operator of Globexmc can no longer own and operate an MSB.

South Korea daily FX turnover hit all-time high in Q1

Increased demand for cross-border transactions of securities drove the growth.

Citi announces leadership appointments in Asia Pacific Markets business

The new heads will be based in Singapore and Hong Kong.

Korean banks’ in solid position to weather strong US dollar

Expectation of strong government support and solid foreign currency liquidity will support banks.

Woori Bank probed for alleged irregular foreign currency transactions: report

Sources said that the deals, worth billions of won, were executed over the past year.

RHB Malaysia earns its 9th Domestic Foreign Exchange Bank of the Year trophy at the 2021 ABF Awards

The multinational regional financial services provider was recognised for its hassle-free digital FX platform assisting customers with simple...

South Korea mulls normalizing eased rules on banks’ FX derivatives: report

The country relaxed rules in March amidst a severe dollar crunch.

Alternative Benchmarks for the New Normal

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Airstar Bank launches 24-hour FX trading service

Customers who complete FX transactions worth HK$50,000 in total until 31 May will receive an HK$100 rebate.