Foreign Exchange
Vietnam banks demand ‘fees’ to sell dollars
Vietnam banks demand ‘fees’ to sell dollars
Vietnam's banks are selling dollars to businesses at a premium on the official rate by adding “consulting” fees. The State Bank of Vietnam Monday set...
DBS Bank downgrades dong's outlook
DBS bank downgraded its forecast for the dong and expects the currency to decline by another 3.75 per cent against the U.S. dollar.
Vietnam banks raise dollar rates to attract remittance
Vietnam Banks’ depositing interest rate are moving up to attract strong remittance inflows that come in ahead of Tet, the Lunar New Year festival...
Cambodian bank stops Vietnamese taking ATM dollars
A bank in Cambodia has stopped certain Vietnamese from getting dollars from its ATMs after a surge in withdrawals. Apparently traders are taking...
Issues raised by the SPC’s recent judicial interpretation on FIE Disputes
On August 5, 2010, the Supreme People’s Court of the People’s Republic of China issued the Provision on Several Issues on the Trial of Disputes...
Businesses in the Asia-Pacific Region are recovering from the shocks to the Global Economy
The latest ICAEW Global Enterprise Survey suggests businesses in the Asia-Pacific region are recovering from the shocks to the global economy.
Siam Commercial pushes SME forex hedging
Lender attempts to teach SME customers and offer promotional campaigns to hedge against financial risk.
Citic HK to issue US Dollar subordinated bond
10-year bond released by lender is rated Baa3 by Moody's and BBB by Fitch.
NB Bank to remit money from Oman
NBB entered an agreement with Oman International Exchange LLC to extend inward foreign currency remittance facility to Nepalis in Oman.
Shanghai banks to begin China-Taiwan currency exchange operations
Move eases Taiwan visitors in Shanghai to convert their New Taiwan dollars to Chinese yuan.
Bank Simpanan Nasional partners with Bank Rakyat Indonesia
Tie-up aimed to generate 40,000 monthly transactions on money transfer services to Indonesia.
StanChart first in HK to facilitate renminbi trade locally
Standard Chartered Bank completed the first domestic RMB trade settlement transaction outside Mainland China. It follows the latest elucidation of...
Hang Seng sets RMB prime rate
Hang Seng became the first bank in Hong Kong to set an RMB prime as the base rate for RMB finance.
Bank of the Philippine Islands launches yuan-denominated account
Growth in yuan transactions to $25.54mln in 2009 from $7,313 in 2008 prompted Renminbi products offering.
Public Bank to offer yuan accounts
Public Bank now offers Chinese Yuan Fixed Deposits and Chinese Yuan Current Accounts through an arrangement with Bank of China Berhad.
OCBC's proposed subordinated notes rated 'A'
Standard & Poor's assigned its 'A' issue rating to OCBC's proposed US dollar-denominated subordinated notes issue due 2019.
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Commentary
Electronic trading proves its strength in times of volatility