Foreign Exchange
Malaysian and Thai central banks in joint push for financial stability
Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai...
Malaysian and Thai central banks in joint push for financial stability
Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai...
China to make Shanghai global RMB center by 2015
China plans to make Shanghai a global center for innovation, transaction, pricing and clearing of RMB-denominated financial products by 2015.
Myanmar banks to provide money exchange services to ASEAN neighbors
Money exchange services will be conducted by Myanmar banks in Singapore, Malaysia and Thailand starting February.
South Korean banks post record FX turnover
South Korean banks are riding the wave of the country’s first-ever trade volume of US$1 trillion.
European funds to continue retreat from Asia
An almost desperate need to bolster their balance sheets will ensure European banks will continue to lose leverage in Hong Kong and the rest of Asia...
Japanese banks fearful of sanctions on Iran
Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.
Here comes the international renminbi
China has just implemented a pair of key steps geared at turning the renminbi or yuan into an international currency.
Japanese banks take IMF stress tests to counter future failure
Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities of Japanese...
People's Bank of China to create $300b investment vehicle
According to Reuters, the vehicle will target investments in the US and Europe.
DBS mulls adding staff by 10%
The lender aims to take advantage of yuan's rise to become major offshore trader of the currency.
Bank of China, Sumitomo to cooperate in yuan business
BoC and SMBC will cooperate on yuan-related business to accomodate increasing trade between China and Japan.
China and Hong Kong renew currency swap agreement
The People's Bank of China and the Hong Kong Monetary Authority have signed a renewed currency swap agreement for a term of another three years.
Vietnamese bank willing to buy shipbuilder's dollar loan
A domestic bank in Vietnam is willing to buy back the debt of Vietnam Shipbuilding Industry Group at 35 percent of its face value, or $210 million...
Korea Finance raises US$750 M via debt sale
Korea Finance Corp. has raised US$750 million by floating dollar-denominated bonds.
Hong Kong’s forex reserves reach US$281 B in Oct.
Hong Kong’s foreign currency reserve assets reached 281.7 billion U.S. dollars by the end of October, 2011, up 4.1 billion U.S. dollars compared to...
Forex reserve growth of China slows down
Decreased growth said to show the depth of unease created by debt fears in Europe and the weak U.S. economy.
Hong Kong hails new RMB rules
The promulgation of the Notice on Cross-border Renminbi Foreign Direct Investment by the Ministry of Commerce, and the Renminbi Foreign Direct...
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ABF Wholesale Banking Awards 2023 Winner: CIMB Bank Berhad
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Banking Technology
Head of Commercial Banking at CIMB Singapore, Benjamin Tan, shares insights on CIMB Bank Berhad's triumph at the ABF Retail Banking Awards 2023, highlighting their innovative financial solutions and commitment to enhancing customer experiences.
Banking Technology
ABF Wholesale Banking Awards 2023 Winner: CIMB Bank Berhad
Head of Commercial Banking at CIMB Singapore, Benjamin Tan, shares insights on CIMB Bank Berhad's triumph at the ABF Retail Banking Awards 2023, highlighting their innovative financial solutions and commitment to enhancing customer experiences.
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1. Hong Kong SME’s funding gap at $21.7b 2. Funding Societies, SGeBIZ to offer embedded finance solution for SG businesses 3. China banking focuses on credit structure optimisation 4. Thailand’s central bank appoints three new senior roles 5. Bank of Singapore HK names ex-chief of Credit Suisse HK as its new chief executiveAwards
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