Foreign Exchange
Bankers urge Philippine central bank to further liberalize forex rules
BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso.
Bankers urge Philippine central bank to further liberalize forex rules
BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso.
Sri Lanka's ComBank offers transactions in Yuan
The Commercial Bank of Ceylon has enabled customers to transact in Chinese Yuan for import and export dealings with counterparts in the People’s...
ICBC Registers Over RMB 400 Billion in Turnover from Cross-Border Renminbi Business in H1 2011
ICBC saw a strong growth trajectory in its RMB business, with a turnover in the first half of 2011 trebled last year's to RMB 406 billion, RMB 280.4...
Bank of China stops foreign exchange trade with some Euro banks
Bank of China has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe.
Saxo Capital Markets introduces new offshore renminbi
Clients of the firm can now trade the offshore Chinese Renminbi against the US Dollar.
Indonesia to oblige forex savings in local banks
Bank Indonesia will issue a regulation obliging the savings of foreign exchange from exports and foreign loans in doemstic banks, according to Jakart...
HK Monetary Authority rejects pegging HKD to CNY
HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency.
Bangkok Bank boosts Thai-China trade with new CNY services
Bangkok Bank launched a range of China Yuan transaction services to help serve the expansion of trade and investment between Thailand and China.
South Korea to check foreign currency liquidity of banks
South Korea will conduct daily checks on local banks' foreign currency levels to stave off a liquidity crunch amid rising market volatility.
CIMB expects Matta tie-up to boost currency business up to 45%
CIMB Bank expects a 40-45 % growth in turnover from its currency exchange business this year after a tie-up with the Malaysian Association of Tour...
China bars local companies from direct overseas CNY borrowing
Seeking funding overseas has lower costs compared with local loan rates but seen affect the domestic renminbi loan market.
China, Kazakhstan to open special accounts on currency swap
The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap.
Vietnam to get tough on banks' foreign currency violations
Banks in Vietnam will face a fine of up to VND100 million if they buy or sell foreign currencies at unofficial rates or impose illegal transaction...
Sai Gon Bank pays 0.3% higher for dollars
Sai Gon commercial Bank launched a preferential program to purchase dollars at 0.1-0.3% higher than listed prices.
HSBC Indonesia sees increased renminbi utilization
A senior official at Indonesian branch of HSBC said on Thursday that Chinese currency Renminbi would be one of three primary currencies, besides US...
Sri Lanka banks can now transact with renminbi
Sri Lanka's Monetary Board will include the China's yuan among designated currencies permitted for international transactions through banks in Sri...
Tin Nghia Bank ready to offer forex services
Tin Nghia Bank has been allowed by the State Bank of Vietnam to provide foreign exchange services.
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1. Atome’s BNPL debuts on Taobao Singapore 2. UOB appoints Mark Tan as head of internal audit in Hong Kong 3. SGX FX onboard Rand Merchant Bank on buyside platform 4. Loan growth & higher fees prop up Singapore banks’ earnings in Q1 5. Wise launches in the Philippines with fee-free money transfer serviceResource Center
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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1. Atome’s BNPL debuts on Taobao Singapore 2. UOB appoints Mark Tan as head of internal audit in Hong Kong 3. SGX FX onboard Rand Merchant Bank on buyside platform 4. Loan growth & higher fees prop up Singapore banks’ earnings in Q1 5. Wise launches in the Philippines with fee-free money transfer serviceAwards
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